Insights

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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.

FinCEN Issues Warning On Terrorism Financing

Payments firms must look out for red flags indicating that they are being used to transfer funds to terrorist group ISIS and its global affiliates, US Financial Crimes Enforcement Network has said.
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European Commission Accuses 13 Member States Of Missing DORA Deadline

The European Commission has launched infringement proceedings against 13 EU member states for failing to fully transpose the flagship Digital Operational Resilience Act (DORA) into national law by the January 17 deadline.
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Trump Administration To Scrap Corporate Transparency Act For US Citizens, Companies

In the latest twist to the rollout of the Corporate Transparency Act, the Trump administration has vowed to exempt US citizens and companies from its controversial beneficial ownership reporting requirements.
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SEC Issues Staff Statement On Meme Coins, Describes Them As 'Collectibles'

The US Securities and Exchange Commission (SEC) has announced that meme coins, such as the one issued by President Trump, are akin to "collectibles" and will not be considered "securities".
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New Jersey Sports-Betting Juggernaut Keeps Rolling Even As New York Soars

Like two Olympic skaters sprinting for gold, New Jersey and New York are competing for the lead in the nation’s booming sports-betting market while racing in their own lanes.
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Gambling

Norway Warns Kindred To Leave Or Else Face Daily Fines

​​​​​​​The Norwegian Gambling Authority is warning Kindred Group that it will be fined 1.2m Norwegian krone (€118,000) a day if it does not stop offering gambling to Norwegian residents.
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Gambling

Singapore Bills Unify Regulation, Prohibit Proxy Betting

Singapore has released draft legislation streamlining gambling regulation under one authority, while also criminalising proxy gambling, introducing “class licensing” for low-risk products and toughening existing penalties.
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Gambling

Minnesota Lawmakers Renew Effort To Legalize Sports Betting

Minnesota state Senator Roger Chamberlain believes there is finally enough support among his colleagues in both chambers of the legislature to overcome traditional opposition from Indian tribes and anti-gambling forces to legalize sports betting.
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Gambling

Singapore Consolidates Bills Into One Easy Payments Regulation

A new Singapore bill would consolidate a number of existing financial service regulations into one omnibus act and enhance the country’s agility in addressing sector-wide risks.
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Payments

U.S. Banks Say AML Rules Are Ill-Suited For 21st Century

The current U.S. anti-money laundering (AML) framework does not account for advances in technology and is outdated, the American Bankers Association has said in its response to a request for information.
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Payments

Desperately Seeking Standards - QR Code Payments In Europe

QR codes have major potential in the single market, but regulatory intervention may eventually be necessary, EU payments players have warned.
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Payments

EBA Promises To Improve Q&A Backlog

The European Banking Authority (EBA) has agreed to get quicker at answering questions that are submitted regarding regulatory clarifications.
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Payments

U.S. Gaming Revenue Hits Record $53bn In 2021

Despite having to navigate its way through the ongoing coronavirus pandemic, the U.S. gaming industry was able to top $50bn in revenue last year for the first time ever, according to the American Gaming Association.
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Gambling

Mississippi Pays Price For Punting On Mobile Sports Betting

The decision this month by Mississippi lawmakers to kick an online sports-betting bill down the road came back to haunt them this week with the release of the Magnolia State’s total wagers on the Super Bowl.
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Gambling

Austrian Finance Ministry Promises Gambling Changes Soon

​​​​​​​The Austrian Ministry of Finance is working “at full speed” on a draft of a delayed set of proposed changes to gambling law, a ministry spokesman has said.
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Gambling

German Slots Applicants Not Allowed To Offer Bonuses, Lawyer Says

German contenders for virtual slots and poker licences should not be offering player bonuses while they await results of their applications, as offering incentives is considered illegal advertising, a gambling lawyer has said.
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Gambling

Kenya Jumps Into CBDC Race

The Central Bank of Kenya has begun a consultation on the issuance of a central bank digital currency (CBDC), but will the mobile payments heavy country actually need one?
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Payments

HMRC Makes History With First NFT Seizure

HM Revenue & Customs (HMRC), the UK’s tax authority, has announced that three people have been arrested on suspicion of a £1.4m VAT repayment fraud involving 250 fake companies.
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Payments

Brazil Presses On With Payments Modernisation Journey

Brazil has ambitious plans to continue on its successful path towards payments modernisation in 2022, bringing new features to its PIX instant payment network, expanding open finance functionalities and carrying out a central bank digital currency pilot.
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Payments

Karnataka High Court Voids Ban On Skill Gaming With Stakes

The Karnataka High Court has struck down a state government ban on online skill gaming with stakes, in a judgment brimming with references to individual liberty, privacy and the freedom to do business.
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Gambling

Gambling Reforms Are Clear And Present Danger, UK Racing Warned

British racing faces a “clear and present danger” if the government gets changes to gambling law wrong and the next few weeks are "absolutely critical" to the sport's future, the gambling industry’s trade body chief has warned.
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Gambling

New York Lawmakers Continue Push To License Downstate Casinos

New York lawmakers are continuing their efforts to bring casino expansion to the downstate region sooner than originally planned.
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Gambling

EU Needs More Harmonisation On Access To Cash

Campaigners are sceptical about whether EU-wide rules offer enough of a lifeline for cash, and have called for better criteria to aid communities.
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Payments

BNPL Firms Change Terms Amid FCA Concerns

Although regulations governing buy now, pay later (BNPL) are still in the making, the UK’s Financial Conduct Authority (FCA) has asked the largest providers to amend their “potentially” unfair contract terms and offered general guidance to firms operating in the sector.
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Payments
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Singapore To Require Offshore Crypto Firms To Be Licensed Or Cease Operations By June 2025

The Monetary Authority of Singapore (MAS) has clarified the scope of its regulatory regime for digital token service providers (DTSPs), crypto-assets used for payments.
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Enforcement Overhaul At FCA Welcome News For Regulated Firms

The UK Financial Conduct Authority’s (FCA) attempt to increase the transparency of its enforcement investigations could also speed up investigations, which experts say would be good news for the financial services sector.
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FCA Moves To Boost AI Use With New Sandbox

UK financial services firms will be encouraged to experiment with artificial intelligence (AI) as part of the Financial Conduct Authority’s (FCA) strategy to support economic growth through technological innovation.
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Australia Calls For Greater Collaboration In Battle Against Fraud

Businesses should join forces and share data to advance the fight against increasingly sophisticated scams, according to the Australian National Anti-Scam Centre.
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FCA Sets Out New Transparency Rules For Enforcement Investigations

The UK Financial Conduct Authority (FCA) has outlined significant changes to its enforcement rules, although it has stopped short of implementing some of the more controversial elements of its original proposal.
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Cash Mandate Moves Closer To Being Law In New York State

Retailers will not be able to refuse cash payments in New York if Governor Kathy Hochul signs off on legislation that has passed both houses of the state legislature.
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Regulatory Influencer: Canada Retail Payments Activities Act — Safeguarding of End-User Funds

This report is the third installment in a four-part series analyzing the RPAA and identifying key components of the law that PSPs should consider when doing business in Canada. This report focuses on the requirement to safeguard end-user funds.
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Regulate Smarter, Say European Players In Light Of Trump’s Deregulation

Despite the US leadership pushing for an increasingly deregulated financial services market, some payments players and politicians in Europe are adamant that standards being watered down is not the way to boost growth.
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Defunct Crypto Firm Fined €500,000 By Finnish Authorities Over AML Failures

The Finnish Financial Supervisory Authority (FIN-FSA) has fined LocalBitcoins over anti-money laundering and counter-terrorism financing (AML/CTF) failures, citing widespread deficiencies in customer due diligence and identity verification.
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Regulatory Influencer: Navigating The Trump Administration's Mass Deletion Of CFPB Guidance

The role of the US Consumer Financial Protection Bureau (CFPB) as a hands-off regulator within the second Trump administration is becoming clearer, following a significant withdrawal of agency guidance.
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