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EBA Slams Fintechs Over Lax Compliance In New AML Risk Assessment

In its latest risk assessment, the European Banking Authority (EBA) has warned that poor practices and a lack of experience at fintechs, including payments and crypto firms, are undermining efforts to tackle financial crime.
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AI Joint Venture Demonstrates UAE’s Digital and Financial Ambitions

The Middle Eastern state continues to harness financial services as an asset, moving to modernise its payments infrastructure through a public-private initiative involving the deployment of artificial intelligence (AI).
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Brazil Minister Rattles Industry With Regulatory Remorse

The government minister responsible for Brazil’s federal betting regulator is considering stricter rules on advertising and online casino games and says he would even outlaw online gambling altogether if given the opportunity.
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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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Colorado Limits Free Bets, Reworks Responsible Gaming, Punts On Cashless Wagering

Colorado gaming regulators have adopted rules to drastically reduce tax deductions for free bets over the next three years, while approving a redesigned self-exclusion program and new responsible gaming requirements for casinos and online sportsbook operators.
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Gambling

BetMGM Hit With Record Fine In Maryland

Less than a month after the debut of mobile sports betting, Maryland gaming regulators have approved the state’s largest ever fine through a $146,000 settlement with BetMGM over the acceptance of wagers prior to the market’s official launch.
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Gambling

Trade Group Bids For EU Standardised Markers Of Harm

The European Gaming and Betting Association (EGBA) has asked the European Committee for Standardisation (CEN) to create a standardised list of markers of harm in gambling.
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Gambling

News In Brief: December 12-December 16, 2022

Ukraine readies new gambling laws to enhance regulator powers and a grenade inside a cake explodes outside Cambodia's Nagaworld Casino.
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Gambling

RBA To Name And Shame FIs That Fail To Promote Least-Cost Routing

In a new push to promote least-cost routing (LCR), the Reserve Bank of Australia (RBA) has said it will soon begin publishing “institution-level data” on its uptake and availability.
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Payments

The Bank Of England Needs You! Central Bank Begins Quest For CBDC Wallet Prototype

The Bank of England (BoE) has posted a request for applicants for a contracted service to create a proof of concept (PoC) digital wallet for a central bank digital currency (CBDC).
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Payments

Australian Regulator Sues Amex Over Alleged ’Design And Distribution’ Failures

The Australian Securities and Investments Commission has filed a civil penalty action against American Express (Amex) accusing the card giant of knowingly violating Australia’s "design and distribution" rules.
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Payments

Ohio To Deny PlayUp License, Wants $250,000 Penn Entertainment Fine

The Ohio Casino Control Commission has issued a notice of intent to deny a mobile sports wagering license to PlayUp and proposed fining Penn Entertainment $250,000 for advertising violations by Barstool Sportsbook, executive director Matthew Schuler said.
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Gambling

U.S. Court Asks How Doing Nothing Led To Florida Compact Approval

Instead of deciding whether the Seminole gambling compact in Florida is legal, three federal appeals judges on Wednesday seemed more interested in determining whether U.S. Interior Secretary Deb Haaland acted within her authority by allowing the compact to become law without doing anything.
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Gambling

Bulgarian Industry Proposes New Rules For Itself

On Tuesday (December 13) the Bulgarian Gaming Association (BGA) proposed stricter regulations for itself to curb underage gambling and protect the vulnerable.  The proposal was announced at the “Gambling Commerce in Media Services and Video Sharing Platform Services” roundtable organised by the Council for Electronic Media (CEM), the National Revenue Agency (NRA) and gambling industry trade groups.    The proposals include limiting advertising from gambling operators during broadcasts between 5am and 6pm and would come into effect on January 1.
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Gambling

Ukrainian Regulator Cancels Licences 'Controlled' By Russia’s Residents

The Ukrainian Commission for the Regulation of Gambling and Lotteries (KRAIL) has announced it has removed the licences of a number of gambling operators who are active in the country but are “controlled by residents of the Russian Federation”.
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Gambling

Dutch Gambling Loss Limits Coming, Officials Say

The Dutch online gambling industry can expect a spending cap on online gambling, with opportunities for loosening it with something like affordability or addiction-prevention checks, officials seem to agree. Proposed loss limits were a big topic at a Gaming in Holland gambling update in The Hague on Wednesday (December 14), with details yet to come.
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Gambling

US Senators Stall Key AML Bill

The ENABLERS Act, a major piece of legislation that seeks to end a legal loophole in the US anti-money laundering (AML) framework, has been blocked by Republican senators.
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Payments

Danske Bank AML Saga Ends With $3bn In Penalties

Danske Bank has agreed to pay a total of $2.4bn in two US investigations to settle charges by the Federal Bureau of Investigation (FBI) and the Securities and Exchange Commission (SEC) in what has been described as Europe’s largest anti-money laundering (AML) scandal. Its Danish case is also set to end today with a $0.54bn fine, VIXIO has learned.
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Payments

Card Use Soars To 90 Percent In UK, Business Group Reveals

Some 90 percent of retail spending and 82 percent of transactions were carried out on debit or credit cards in 2021 in the UK, according to the British Retail Consortium’s latest Payments Survey.
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Payments

Judges In Critical Sports-Betting Case May Lean Toward Seminoles

The sports-betting industry is hoping for a major breakthrough when a landmark Florida case goes before a three-judge panel on Wednesday in the U.S. Circuit Court of Appeals in Washington, D.C.
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Gambling

UK Nations Targeting Gambling Harms Ahead Of White Paper

Scotland, Wales and Northern Ireland are addressing concerns associated with gambling harms as they impatiently await the release of the UK government's Gambling Act review white paper.
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Gambling

European Council Reaches eID Agreement

The European Council has adopted its position on the proposed legislation for a European digital identity (eID) framework, making a fair amount of amendments in the process.
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Payments

Brazil Crypto Bill ’Sets The Ball Rolling’

Brazil is on the verge of becoming the first Latin American country to adopt a framework for crypto-assets, setting the bar for other countries in the region to follow.
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Payments

Jeremy Hunt Unveils ’Next Chapter’ For UK Financial Services

Chancellor of the Exchequer Jeremy Hunt has laid out the "Edinburgh Reforms", a list of more than 30 regulatory reforms aimed to "unlock investment" and "turbocharge" growth in the UK.
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Payments
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US Open Banking Rule Highlights Industry Divisions Over Data And Fees

By defining who can access consumer data, whether fees are allowed and compliance timelines, the Personal Financial Data Rights final rule (PFDR Rule) underscores continuing legal and market tensions between banks and fintech innovators.
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Belarus Moves To Centralise Crypto Under State Supervision

The Belarusian National Bank is seeking to evolve the country’s crypto framework, tightening the authoritarian government’s grip on the sector and signalling a new phase in its ongoing experiment with digital assets.
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Digital Euro Enters New Phase As First Issuance Nears

By continuing to drive the digital euro forward, the EU is signalling to financial institutions that they should prepare for its introduction, despite ongoing criticism and questions about the project.
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Regulatory Influencer: EU’s Consumer Credit Protection in the Age of Buy Now, Pay Later (BNPL)

The transposition deadline of the revised Consumer Credit Directive (Directive (EU) 2023/2225 on credit agreements for consumers - CCD2) is November 20, 2025. Member states are required to adopt and publish laws, regulations and administrative provisions necessary to comply with the directive by that date.
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Regulatory Influencer: First Step To Permanent Price Cap On UK-EEA Interchange Fees

On October 10, 2025, the UK’s Payment Systems Regulator (PSR) launched a consultation on the methodology for developing a price cap on cross-border interchange fees for transactions between the UK and the European Economic Area (EEA).
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US Democrats’ Letter Underscores Continuing Uncertainty At The CFPB

Open banking is one of several areas being disrupted by confusion over the future of the US Consumer Financial Protection Bureau (CFPB), as lawmakers seek clarity on recent comments by its acting director, Russell Vought.
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Regulatory Influencer: Payments Authentication - A Global Comparative

Payment authentication is the process of verifying the identity of the person making a payment. It is a fundamental component of card-not-present (CNP) transactions and is a key measure in reducing fraud. This regulatory influencer lays out authentication requirements and exemptions across select jurisdictions in Europe and the Asian-Pacific region.
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African Nations’ Removal From FATF Grey List Offers Boost To Region

The news that Burkina Faso, Mozambique, Nigeria and South Africa are no longer subject to increased monitoring with regard to their anti-money laundering regimes should restore confidence among international payments organisations and open the jurisdictions to cross-border activity.
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Agentic AI and the Next Chapter in Payments Regulation

As the next phase of artificial intelligence (AI) begins to affect the payments sector, regulators will need to adapt and evolve existing frameworks to manage the risk to consumers.
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Australia’s Strategic Approach to Payments Modernisation

By adopting a comprehensive strategy to update systems and regulation, Australia is positioning itself to have a safe, effective and scalable payments infrastructure that can adapt to technological advances and evolving consumer behaviour.
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