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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Nervy Weeks Ahead For Would-Be Dutch Licensees

At least 30 operators are hoping to join the Dutch online gambling market in the coming weeks, as numerous cooling-off periods end, but the regulator has warned as many as two thirds could be rejected.
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Gambling

Effort To Legalize Sports Betting In Kentucky Nears Deadline

Wagering on horse races has been legal in Kentucky for a long time, but the latest effort to legalize and regulate sports betting in the Bluegrass State is facing strong opposition from rural politicians as lawmakers wrap up this year’s legislative session.
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Gambling

Ukraine Calls On GREF, IAGR Members For Support

Ukraine’s Gambling and Lottery Regulatory Commission (KRAIL) has appealed to its fellow gambling regulators to step up their support for the country in the wake of Russia’s invasion.
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Gambling

Singapore’s Trade Minister Sets Record Straight On BNPL Risks

In a busy week for Singaporean financial regulation, the government has played down the impact of buy now, pay later (BNPL) schemes, although warned they are keeping a close eye.
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Payments

FCA’s New Three-Year Strategy Targets Fraud, Sanctions Evasion And Money Laundering

Resources at the UK's Financial Conduct Authority (FCA) are to be focused on preventing serious harm, setting higher standards and promoting competition, with 80 new roles created to shut down problem firms.
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Payments

Gemini, Checkout.com: Crypto Adoption On Rise Among Merchants, Consumers

Crypto adoption is on the rise among both merchants and consumers, according to new research from two leading firms working in the crypto space.
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Payments

U.S. Big Banks Launch ’Authentify’ ID Verification Service

Early Warning, owned by seven large U.S. banks, has rolled out Authentify, a new identity verification service for consumers and businesses.
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Payments

News In Brief: April 4-April 8, 2022

The EBA has launched a new risk dashboard to help highlight bank exposure across member states and U.S. instant payment services RTP has its maximum payment limit raised to $1m.
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Payments

Meghalaya Flags Development Of Integrated Resorts

India’s Meghalaya state is looking to expand its gaming industry from an incipient online gaming market to one that includes integrated resorts, according to a senior government minister.
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Gambling

New York Budget Agreement Includes Accelerated Casino Licenses

New York’s state budget will include the earlier implementation of three downstate casino licenses, setting the stage for full casino gaming in the largest city in the United States.
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Gambling

Potential William Hill Fine Earns 888 A Cut In Purchase Price

The tough UK regulatory regime is directly affecting mergers and acquisitions, as 888 has been able to negotiate a discount purchase price for William Hill’s European holdings due to a changed “macroeconomic and regulatory environment”, which apparently includes a feared multi-million pound fine.
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Gambling

News In Brief: April 4-April 8, 2022

The inquiry into Australia's Star Entertainment has claimed another executive scalp after admissions of "unethical" emails.
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Gambling

Ghana Advances Plans To Digitise Gambling

Ghana's Gaming Commission has seized more than 500 illegal analogue slot machines, as the country continues to push towards a more digital economy.
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Gambling

GDPR Enforcement Comes For Banks (And Fintechs, Too)

As regulators announce multiple data protection fines across the EU, many financial institutions across the continent may be wondering, could we be next?
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Payments

G7, EU Announce Fresh Sanctions Against Russia

Russia is facing a new round of sanctions from the EU, UK and the United States, including import and export bans and full transaction bans on key Russian banks.
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Payments

E-Krona Can Be Integrated With Banks’ And PSPs’ Systems, Riksbank Says

Commercial banks and payment service providers (PSPs) can sleep easy, as the Swedish central bank’s latest tests show that the e-Krona can be integrated into their systems, which reduces the chance of disintermediation or the need for a direct account with the Riksbank.
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Payments

90 Becomes 180: EBA Makes Key SCA Change

The European Banking Authority (EBA) has published its final proposal regarding changes to the revised Payment Service Directive’s (PSD2) re-authentication rules that many believed created an imbalance in regard to account access.
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Payments

Marijuana, Financial Crimes, Surveillance On California Regulator's Agenda

Cardrooms and cannabis continue to be an evolving issue in California, as policymakers try to reach a consensus on a proposal that would allow for dual licensure between the two industries.
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Gambling

New Major League Baseball Season Begins Amid Gambling Probe

It's Opening Day for Major League Baseball on Thursday as federal prosecutors continue an investigation into a gambling scandal involving a former minor league pitcher in California.
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Gambling

Dutch Ad Group Rejects Complaints Against Bet365, State Lottery

The Dutch Advertising Code Foundation has rejected complaints against adverts run by the Dutch State Lottery and bet365.
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Gambling
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ECB Marches On With Digital Currency Plans

The European Central Bank (ECB) is drafting a new digital asset scheme rulebook as it lays the groundwork for the introduction of a digital euro.
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UK Strategy Targets Growth Via Payments And SM&CR Changes

Finance minister Rachel Reeves has unveiled reforms intended to inject momentum into the economy, promising to slash red tape and accelerate upgrades to the country’s payments infrastructure.
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EPC Finalises API Specifications For SEPA Request-To-Pay Interoperability

The European Payments Council (EPC) has published its SEPA Request-To-Pay (SRTP) Inter-Service Provider (SP) API Specifications, completing the technical documentation needed to support the implementation of the SRTP scheme across the Single Euro Payments Area (SEPA).
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President Trump’s Tax Bill Raises Slot Tax Reporting Threshold

A tweak to the tax bill signed by President Donald Trump would modernize gaming tax policy by increasing the threshold for reporting jackpot wins on slot machines and video lottery terminals in casinos.
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Gambling Commission Fine Transparency Improving But UBO Rules Cause Concern

The Gambling Commission's new criteria for imposing fines will help increase the transparency around predicting fine amounts, but some concerns remain over how the rules impact ultimate beneficial owners (UBOs), according to legal experts.
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Consultation May Signal End Of Surcharges In Australia

The Reserve Bank of Australia (RBA) has opened a consultation into card surcharging, which it says is no longer achieving its intended purpose of guiding consumers towards efficient payment choices.
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EBA Clarifies PSD2 Scope On Credit, Postal Orders And Fuel Cards

The European Banking Authority (EBA) has published clarifications on applying the revised Payment Services Directive (PSD2), covering the definition of credit, the status of postal money orders, and the classification of fuel cards as payment instruments.
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Wise Fine Highlights Evolution Of US Payments Regulation

The $4.2m fine for money laundering and Bank Secrecy Act (BSA) violations reflects both a trend towards local enforcement and a sharpened focus on anti-money laundering and counter-terrorism financing (AML/CTF).
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DraftKings Pays $3m To Settle Connecticut Marketing Investigation

DraftKings has agreed to return more than $3m to players and pay a $50,000 penalty in a second high-profile settlement announced by Connecticut regulators in as many months.
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Romanian Gambling Ad Restrictions Incoming But Lawyers Flag Need For Clarity

Romania’s new Audiovisual Code introduces several important changes, clarifications and restrictions; however, questions raised about the definitions, such as sports personality or influencer, have not been “thoroughly defined”, according to legal experts.
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