Insights

Your window into the complex world of compliance and regulations

Our industry experts regularly spend time with lawmakers, regulators and industry participants to get to the heart of regulatory issues. We deliver our expert insights across multiple media to ensure timely delivery of information to meet your everyday needs.

From quick blog insights through to industry events, we provide you with the depth and breadth of knowledge needed to help you make the right business decisions, staying compliant and gaining a competitive advantage.

Automatic Pix Goes Live, Enabling Recurring Payments in Brazil

Pix, Brazil’s instant payments system, has introduced a recurring payments mechanism, aiming to simplify bill payments for consumers.
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Sweepstakes Ban Under Consideration in New York, Vetoed In Louisiana

As one state legislature looks to reinforce regulatory actions against sweepstakes gaming operations, another has seen the governor veto a legislative ban, calling it unnecessary.
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Pay.UK Sets Out Ideas For Reforming UK’s Payments Infrastructure

Payment system operator Pay.UK has unveiled a package of proposed reforms to the organisational framework for interbank payments, urging “radical” change to prevent the UK falling behind on infrastructure and innovation.
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Presidential Decree Confirms Brazil Betting Tax Hike

A sharp increase in the main tax applied to online betting in Brazil became reality late Wednesday when an emergency decree was published in the Brazilian government’s official gazette.
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News In Brief: April 25-April 29, 2022

Minnesota's sports-betting bill passes through its final committee stage and just two bids are left standing in Japan as casino-resort deadline passes.
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Gambling

Senators Rebuke Zelle Fraud Ignorance

US senators have poured criticism on large banks for ignoring widespread fraud and scams on the Zelle money transfer platform.
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Payments

Give Ukrainians Payment Accounts, EBA Says (Again)

The European Banking Authority (EBA) has published a diktat to supervisors and financial institutions, stressing the need to ensure they use “every best effort” to offer Ukrainian refugees financial access.
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Payments

Swedish Watchdog Investigates Bankgirot

The Swedish financial regulator, the Finansinspektionen, is investigating the clearing system’s IT and information security operations.
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Payments

Decrease In AML Notifications A First, Says Danish Authority’s Report

The Danish Money Laundering Secretariat has published its 2021 annual report, revealing that there has been a dip in the number of suspicious transaction notifications.
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Payments

To Pay In Roubles Breaches EU Sanctions, Says Von Der Leyen

European Commission president Ursula von der Leyen calls for turning off the money tap to Russian gas suppliers, but European companies are still cooperating with the Kremlin.
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Payments

Don't Wait On Gambling Curbs, Says Lord

A member of the House of Lords who headed an influential report has called for action on UK gambling concerns without waiting for primary legislation.
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Gambling

Belgian Gambling Regulator Backs More Ad Restrictions

The Belgium Gaming Commission has published its views on gambling advertising, revealing support for more restrictions and for its enforcement powers to be expanded.
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Gambling

NFT Fraud On The Rise In U.S. As Tokens Not Regulated For Gambling

Although the U.S. gaming industry has quickly embraced online gaming and cashless wagering, new frontiers are emerging in non-fungible tokens (NFTs) and cryptocurrency that come with new business opportunities but also new opportunities for fraud.
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Gambling

Binance Hires Former FCA, FINRA Regulators In Latest Compliance Personnel Shake-Up

Binance, the world’s largest cryptocurrency exchange by volume, has hired two former regulators from the UK and the US as part of a new compliance charm offensive.
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Payments

Baltic Leaders Want Ukraine To Join EU As Lithuania Calls For Tougher Russian Sanctions

As Prime Ministers of Estonia, Latvia and Lithuania issue a statement condemning Russia’s “unprovoked” aggression in Ukraine and calling for Ukraine’s entry to the European Union, Lithuania’s finance minister says further sanctions are needed.
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Payments

News In Brief: April 25-April 29, 2022

The Bank for International Settlements and Bank Indonesia launch TechSprint to solve the challenges of wholesale and retail central bank digital currencies.
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Payments

Chopra Is Going After Fintechs Now

The US Consumer Financial Protection Bureau has revived a dormant authority to examine nonbank companies that pose risks to consumers.
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Payments

Crypto Boost? Industry Players Mull What Elon Musk’s Twitter Acquisition Means

Twitter has announced that it has accepted a bid from Elon Musk to acquire the social media platform, in a sign that it could become more engaged with crypto-assets.
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Payments

More Clarity Needed On Crypto Access To Fed Accounts

Large industry players are pushing for more clarity on how reserve banks will evaluate crypto firms’ requests to the US payment system as a Federal Reserve consultation ends.
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Payments

UK India Business Council Calls For Central Gaming Regulator

The UK India Business Council has called on India’s central government to regulate gaming, including sports betting, and allow regional governments to cede day-to-day oversight to a national regulator.
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Gambling

Comparing European Problem Gambling Rates Difficult, Says Study

​​​​​​​“Highly diverse” methods of recording problem gambling in Europe make it difficult for any valuable cross-country comparisons to be made, according to a study written for the European Gaming and Betting Association.
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Gambling

Swedish Watchdog Investigates Klarna, Loomis Over Money Laundering Concerns

The payment service providers (PSPs) are being investigated by Sweden’s Finansinspektionen over how they operate their money laundering systems, following investigations earlier this year into other PSPs.
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Payments

Several Major Economies Launch New Cross-Border Privacy Agreement

Jurisdictions including the US, Japan and Singapore have established a cross-border forum to promote collaboration in data privacy.
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Payments

Nothing Stopping Crypto Payments From Going Mainstream, Says Morgan Stanley

A new report from US bank Morgan Stanley has spoken of a world in which bitcoin payments are so convenient that we will use them to pay for coffee.
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Payments
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Romanian Government Eyes Legislation To Decentralise Gambling Licensing

Romanian Prime Minister Ilie Bolojan has announced that his government plans to propose a draft legislation that will enable municipal authorities to decide on licences for local gambling outlets.
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FCA’s Guardrails For BNPL Aim To Bring Consumer Duty Requirements To The Space

Buy now, pay later (BNPL) users are set to gain new protections under proposals published today by the UK’s Financial Conduct Authority (FCA), which has set a compliance deadline of July 2026.
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UK Industry Wrangles With Rapidly Approaching Cross-Sell Ban

When 2025 draws to a close so will the era of lucrative cross-selling promotions in the UK, with operators and affiliates facing the tall task of adapting successfully to another major shift in marketing compliance.
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Bailey Cool On UK CBDC Suggestions

Hopes of a British central bank digital currency (CBDC) were dealt a blow by the governor of the Bank of England, Andrew Bailey, who said he “remained to be convinced” of the need for one.
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EU Lawmakers Insist Digital Euro Must Safeguard Privacy And Preserve Cash Access

The European Parliament’s Civil Liberties Committee (LIBE) has called for stronger guardrails for privacy and guaranteed access to physical cash in its opinion on the EU's proposed legislation to establish a digital euro.
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Regulatory Influencer: Malta’s Key Observations on Website Practices of Crypto-Asset Service Providers

Earlier in the year, the Malta Financial Services Authority (MFSA) conducted a thematic review of websites belonging to all the crypto-asset service providers (CASPs) authorised by the MFSA in relation to Regulation (EU) 2023/1114 on Markets in Crypto-Assets (MiCA). This was part of the MFSA’s commitment to consumer protection, ensuring that the information provided was fair, transparent and not misleading. Following its review of websites, the MFSA sent out a Dear CEO letter to CASPs laying out its findings.
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Regulatory Influencer: The Philippine Central Bank As Payments Policeman And… Online Gambling Saviour?

The Philippine online gambling industry’s rapid transition from a disgraced foreign-facing segment to flourishing domestic sector is approaching a crunch moment as payments channels come under unprecedented scrutiny.
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Peru President Vetoes Consumption Tax Bill

Peru’s president has partly vetoed a bill that would reduce the impact of a controversial consumption tax applied to online gambling.
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Ukraine Releases Flurry Of Consultations As It Seeks To Update Gambling Rules

Ukrainian licence holders will only have two months to comply with a long list of updated regulations under a key new proposal, as the country unleashes a flurry of consultations aimed at updating and aligning rules as well as improving industry oversight.
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California Tribes Seeking Second Win With Anti-Sweepstakes Legislation

In the wake of an opinion from California’s attorney general that threatens the future of daily fantasy sports in the state, Indian gaming tribes are looking to score a second major policy victory that could threaten sweepstakes operations as well.
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