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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Italian Authorities Hand Google Record Fine

Italy's communication authority (AGCOM) has fined technology giant Google €750,000 for allegedly breaching a ban on gambling advertising on its YouTube video platform.
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Gambling

UK Debate Over Gambling Sports Sponsorships Heats Up

A UK debate over sports sponsorships is heating up as a fan group circulates petitions to have them banned.
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Gambling

News In Brief: August 1-August 5, 2022

U.S.-based casino company Penn National announces that it is rebranding as PENN Entertainment.
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Gambling

Japan Unlikely To Pursue CBDC, Says Former BOJ Insider

A former policy board member at the Bank of Japan (BOJ) has said its central bank digital currency (CBDC) studies have failed to impress and that the bank has no plans to implement a digital yen in the near future.
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Payments

ECB’s Search For ’Holy Grail’ Of Cross-Border Payments

A European Central Bank (ECB) study to look into the future of cross-border payments gives high praise to instant payments linkages and central bank digital currency, while it ranks Bitcoin and stablecoins the worst of all worlds.
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Payments

Watching The Watchers: Trade Groups Push For CFPB Oversight Of Fintech Data Handling

US trade groups have petitioned the Consumer Financial Protection Bureau (CFPB) to bring large fintechs, bigtechs and data aggregators under its supervision ahead of its open banking rulemaking.
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Payments

UPDATE: Disney Settles Lawsuit Against Visa, Mastercard Interchange Fees

Disney has settled a lawsuit with Visa and Mastercard over allegedly excessive interchange fees, just days after bringing the card giants to court.
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Payments

HKMA Shares ’Sound Practices’ As It Ramps Up Payment Operations Oversight

The Hong Kong Monetary Authority (HKMA) has written to authorised institutions with regard to payments-related incidents as it warns firms of plans to increase its surveillance over their payments operations.
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Payments

Business Payments Continue To Drive US ACH Growth

The US ACH network moved 7.5bn payments in the second quarter of 2022 driven by the growth in Same Day ACH and business-to-business (B2B) payments, Nacha says.
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Payments

Eyes On Colombia's New President For Gambling Winnings Tax Hike

The Colombian gambling industry will be watching the first moves of the new administration on Monday, when Gustavo Petro and his Cabinet are sworn into office.
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Gambling

Dutch Regulator Continues To Address Duty Of Care Concerns In Latest Study

There is little scientific evidence that voluntary limits are effective in preventing risky behaviour, according to a review undertaken by the Netherlands Gambling Authority (KSA).
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Gambling

Dodging The 800-Pound Gorilla Of Sports Betting In California

It is going to be one of the biggest, if not the biggest, story in the U.S. gaming industry this year, but hardly anyone is eager to talk about the two competing sports-betting measures in California that will be on the election ballot on November 8.
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Gambling

China UnionPay Expands In Russia To Fill Visa/Mastercard Void

Two more of Russia’s largest banks are preparing to issue China UnionPay cards, continuing a trend that has gathered momentum since the invasion of Ukraine.
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Payments

Phishing Scams Are Coming Down, Says Singapore Regulator

Phishing scams have reduced since the OCBC scandal last year confirms the Monetary Authority of Singapore while answering a question from the city-state’s parliament.
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Payments

It’s No Fairytale: Disney Sues Visa, Mastercard Over High Interchange Fees

After opting out of a large-scale class action, Disney has now filed its own lawsuit alleging the card networks have set their interchange fees too high.
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Payments

LeoVegas Penalised In UK For AML, Responsibility Failures

The UK Gambling Commission has penalised Stockholm-listed online gambling operator LeoVegas £1.32m for anti-money laundering and social responsibility failures.
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Gambling

New South Wales Unveils Hawkish Powers For Casino Regulator

The New South Wales government is preparing to super-charge the powers of a new gaming regulator in Australia’s largest state, including the option of prosecuting individual company directors and executives.
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Gambling

Gaming A Target For Money Laundering, But Real Estate Easier Prey

The U.S. gaming industry has long been a target for money laundering as criminals look to hide profits, but the problem is not so widespread because there are easier ways to launder money, according to a federal law enforcement official.
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Gambling

UK Advertising Regulator Bans Two Gambling Ads

The Advertising Standards Authority has banned two gambling ads for suggesting they could provide players with financial security and for promoting socially irresponsible behaviour.
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Gambling

New German Group Seeks To Ban Or Severely Restrict Betting Ads

A new coalition backed by more than a dozen private and public gambling addiction organizations, along with sports fan groups, has said it will lobby for the severest possible restrictions on German gambling advertising.
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Gambling
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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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Australia’s Project Acacia Blossoming Into Six-Month Testing Phase

Project Acacia, Australia’s research program into wholesale digital currency, has reached a “significant milestone”, with participants selected to explore innovations in digital money and settlement infrastructure.
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Big Tech Joins Forces With Telcos Under Hong Kong’s Latest Anti-Scam Charter

Financial regulators in Hong Kong have announced the launch of a new anti-scam charter that will see telcos and big tech firms participate for the first time.
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U.S. Senate Fails To Roll Back Change To Gambling Tax Deductions

The effort to reverse one of the tax hikes in President Donald Trump’s “One Big, Beautiful Bill” came up short in the Senate on Thursday due to opposition from a lone senator who sought to add an exemption of religious colleges from the federal endowment tax.
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