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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US Crypto Bank Settles AML Case

Anchorage, the first federally chartered crypto bank, has settled a case that alleges the company does not have an adequate anti-money laundering (AML) programme in place.
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Payments

CFPB Sues MoneyGram Over Remittance Rule Violations

Just a week after instigating a lawsuit against TransUnion, the US consumer watchdog is now going after MoneyGram, another large firm it sees as a repeat offender.
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Payments

Rework Laws To Reduce Loot Box Harms, Say Researchers

The drive to prevent harm caused by loot boxes would benefit from clearer legislation and enforcement, according to new research published in the Journal of Behavioral Addictions, which also suggests safer gambling tools can protect consumers.
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Gambling

Meghalaya Confirms Gaming Ban For Locals Despite Liberal Turn

A Meghalaya government minister has told national media that only visitors to the northeastern Indian state will be allowed to gamble online or in land-based facilities, confirming a regulatory exception for locals quietly released late last year.
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Gambling

Missouri Sports-Betting Bill Returned To Senate Committee

A bill to legalize sports betting in Missouri has been referred back to a committee for review after it had been placed on the Senate calendar for a final reading and possible passage.
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Gambling

Fewer Rules, More Costs? PRA Outline Priorities

Smaller banks are set to offer cheaper mortgages as the Bank of England’s Prudential Regulation Authority (PRA) commits to easing rules following the UK's withdrawal from the EU.
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Payments

PIX Scam May Lead to 12 Years’ Imprisonment

A new Brazilian bill would tighten penalties for social media scams, embezzlement and extortion involving PIX or WhatsApp.
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Payments

APP Fraud Continues To Keep Banks Up At Night

TSB, one of the UK’s largest challenger banks, has put out an “urgent warning” about impersonation fraud in the UK, stating that it has accounted for one-third of fraud cases since the start of the year, and over a half of total losses (55 percent).
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Payments

Royal Stamp Of Approval For CBDCs In New BIS Op-Ed

Queen Máxima of the Netherlands, who serves as the United Nations Secretary-General's Special Advocate for Inclusive Finance for Development, has joined the Bank for International Settlements (BIS) chief in endorsing the potential for central bank digital currencies (CBDCs).
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Payments

The Year Of Losing Heavily: Taiwan’s Digital Bank Pioneers Count The Cost In Annual Results

Taiwan’s first two digital banking entrants have just completed their first year in business, with strong customer growth coming at the expense of profits.
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Payments

Open For Business: Bank Of Thailand Scraps Red Tape Around FX Transactions

Thailand relaxes foreign exchange (FX) regulations as it seeks to help the private sector cut costs and improve risk management.
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Payments

US Sanctions Crypto Mining Company For The First Time

In a landmark designation, the US Treasury has sanctioned Bitriver, the largest Russian provider for green cryptocurrency mining, in fear that the crypto farm could help Russia evade US sanctions.
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Payments

Tribes Face Difficult Choice To Run Online Offering Or Sell Market Access

As more and more states legalize online sports betting and eventually, online casino, tribal nations with existing casino operations are faced with a need to adjust to an unfamiliar space in digital gaming.
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Gambling

Mobile Sports Betting Still Months From Launch In Maryland

Although it has been almost six months since Republican Governor Larry Hogan was joined by politicians and retired athletes as he placed the first legal retail sports bet in Maryland at MGM National Harbor, mobile wagering still has not been launched.
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Gambling

News Corp, BetMakers, Tekkorp Form Online Gaming Venture

Australia’s BetMakers Technology Group has confirmed the formation of Australasian online wagering venture NTD, backed by a consortium including News Corp Australia, US-based online gaming fund Tekkorp and veteran industry player Matt Tripp.
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Gambling

News In Brief: April 18-April 22, 2022

Colorado pondering correct tax rates, Nevada regulator confirms investigation into Resorts World executive, Ontario clarifies bonus rule
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Gambling

Crypto Payments Accelerating, Says New Research

As the adoption of cryptocurrencies surges, US consumers are increasingly keen to use their digital assets to pay for goods and services.
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Payments

PSP Fine Slashed By Maltese Court

A payment service provider (PSP) whose licence was revoked by the Malta Financial Services Authority (MFSA) has had a €156,000 fine for anti-money laundering failures slashed by a court of appeal.
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Payments

‘Fast-Moving’ Fintech, Defi Need Tougher Regulations, Says New IMF Report

A new report from the International Monetary Fund (IMF) has called for greater regulation of “fast-moving” fintech firms, including neobanks and decentralised finance (defi) whose rapid growth could pose “systemic” risks to financial stability.
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Payments

More Work To Be Done, FATF Compliance Report Says

No country can claim to have a perfect national framework to address money laundering, terrorist or proliferation financing, the Financial Action Task Force’s (FATF) president has said in a new report on compliance.
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Payments
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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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CFPB Hits Pause On Open Banking Rule Rewrite

The US Consumer Financial Protection Bureau (CFPB) is backing away from its earlier push to scrap a key open banking regulation, instead asking a federal court to pause litigation so it can develop a revised version of the rule.
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Ukraine Adopts EU-Style Open Banking Rules

The National Bank of Ukraine (NBU) has approved a comprehensive package of regulations to implement open banking in Ukraine, supporting the country's efforts to align with the EU.
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Marcos' Keynote Silence On Gambling Cheers Online Industry

The Philippine President’s avoidance of domestic online gambling issues in this year’s congressional appearance has encouraged the industry and frustrated its foes amid finance secretary support for taxation over prohibition.
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UK Threats Loom Even As Regulator Takes Softer Approach

The UK’s gambling regulator says egregious VIP schemes are a thing of the past and is backing bookies' habit of blocking winning customers, but Westminster politicians eager for reform are striking an altogether different tone.The UK Gambling Commission says that schemes which saw big bettors wined and dined by operators in the hopes of extracting more wagers are largely a thing of the past.
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Boyd Big Winner Among U.S. Casino Operators In Sports Betting Rush

The deal between FanDuel and Boyd Gaming to reacquire five percent of the sports betting giant’s equity serves as a reminder of how much the sports betting industry has changed in terms of acquiring market access.
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Trump Administration Pauses Senate Committee Vote On CFTC Nominee

Brian Quintenz’s nomination to be the next chairman of the Commodity Futures Trading Commission has been sidelined for the second time in the last week, this time at the request of the White House.
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Tanzania Eyes Land-based Gambling Changes After Introducing Tax Increases

The Law Reform Commission of Tanzania is reviewing a host of legal changes to help the country achieve its National Development Vision 2050, including looking at the impact of land-based gambling on young people.
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British Horseracing Authority Fight Against Proposed Tax Change Gathers Support

The British Horseracing Authority (BHA) has announced Lord Allen of Kensington will begin his role as chair on September 1 as its fight against a proposed "racing tax" gains support from a wide range of stakeholders.
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EU Regulators Clarify Scope Of DORA Register Of Information

The latest Q&As from the European Supervisory Authorities (ESAs) aim to address confusion around the EU’s operational resilience framework and the expectations for the Register of Information.
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