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.
Read more

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.
Read more

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.
Read more

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.
Read more

Hong Kong Payment Firms In Firing Line

Hong Kong's National Security Department is issuing messages to various firms to hand over information about anyone they encounter upon request. Financial firms, including payments firms, are expected to bear the brunt of the enquiries.
Read moreRead more
Payments

News In Brief - September 7, 2021

Swedbank is under investigation regarding its regulatory compliance with the revised Payment Services Directive (PSD2) and Latvia's financial industry comes together on access to cash.
Read moreRead more
Payments

FCA Chair Comes For Kim Kardashian

The chairperson of the UK's Financial Conduct Authority (FCA) has criticised the financial promotion of crypto-assets on social media, while talking up the benefits of regulated cryptocurrencies in the payments space.
Read moreRead more
Payments

Arizona Judge Quashes Sports-Betting Injunction

An Arizona judge denied a request for an injunction Monday night that would have impeded the planned launch of the state’s sports-betting program this week.
Read moreRead more
Gambling

Former Top Official Jailed Over Japan Casino Corruption

The politician formerly at the head of Japan’s integrated resort (IR) project, Tsukasa Akimoto, has been jailed for four years for receiving bribes from a Chinese gaming company and interfering with witness testimony.
Read moreRead more
Gambling

The Road To Maturity: Iowa's Two-Pronged Sports-Betting Launch Continues In 2021

In Iowa, sports betting has effectively seen two distinct launch points, the first coming in 2019 and the second at the beginning of 2021.
Read moreRead more
Gambling

Flutter Puts £500 Spending Limit On Under 25s

Flutter UK and Ireland is introducing a spending backstop of £500 per month for all customers under the age of 25, but the move has failed to silence criticism from some health specialists pushing for enhanced consumer protections.
Read moreRead more
Gambling

Adequacy - The GDPR’s Great Stumbling Block

Everyone has heard of the European Union's "equivalence" regime which allows various countries to trade with it freely in certain financial areas, but few have heard of the "adequacy" regime that it applies to data protection. How quickly can it remove a country from its list of "adequate" partners? How quickly can the UK remove the EU from its own list?
Read moreRead more
Payments

Fed Gauges Businesses’ Payments Policies

The COVID-19 pandemic has caused U.S. businesses to need faster access to funds and they are starting to look strategically at payments, according to a Federal Reserve survey.
Read moreRead more
Payments

The Scope Of The Whistleblower Directive

The EU’s new whistleblowing directive will protect whistleblowers at the EU level, but it is up to member states to ensure legislation protects them under national law.
Read moreRead more
Payments

India's Karnataka To Ban Online Gaming, Including Skill Products

The government of India's Karnataka state has announced it will ban all online “wagering or betting” following court demands for clarity, but it remains unclear if eventual legislation will target online skill gaming with stakes.
Read moreRead more
Gambling

European Funds Most Likely To Exclude Gambling, Survey Says

The percentage of investment funds with policies that exclude gambling is highest in Europe and lowest in North America, according to a Morgan Stanley survey of environmental, social and governance issues.
Read moreRead more
Gambling

Keep Crypto Regs National, Says New EU Poll

Despite the European Commission’s plans to regulate crypto-assets through an EU-wide set of rules, a majority of EU citizens would prefer to see their own national legislation in operation, according to a new poll by Redfield And Wilton Strategies.
Read moreRead more
Payments

More Tales From The Compliance Career Market

In this conversation with an executive at a compliance recruitment firm in the City of London, we identify the European countries from which compliance recruitment business drifts in to the UK, the backlog in authorisations at the Financial Conduct Authority, and the phenomenon of small — and not so small — payments firms coming to the UK under the regulatory umbrellas of the big banks.
Read moreRead more
Payments

Canada Modernizes Payment System With Lynx

The opening of Canada’s new high-value payment system is another step towards the country's objective of modernizing its payment system and making it more adaptive to innovation.
Read moreRead more
Payments

ESPN Explores Sports-Betting Deal Where Other Media Companies Have Failed

Disney’s ESPN has long been viewed as the crown jewel of U.S. sports betting-media partnerships, but analysts are warning there's no guarantee a big-money tie-up would even be successful.
Read moreRead more
Gambling

Gambling Companies Buoyant On US, Depressed Over Germany

Germany and the US have been top of mind for publicly traded gambling companies this earnings season, for opposite reasons: one expanding, the other contracting.
Read moreRead more
Gambling

Gambling Problems More Prevalent In Esports Bettors, Says Study

Esports bettors experience higher levels of gambling problems and harm than traditional sports bettors, according to a new research article.
Read moreRead more
Gambling

News In Brief: August 30-September 3, 2021

The UK Gambling Commission appoints its new chair, IGT wins European legal case, Bet MGM secures Puerto Rico partnership and India's Dream11 seeks another major funding round.
Read moreRead more
Gambling

EU Proposals to Strengthen the AML Framework and Potential Impact on Financial Market

In July 2021, the European Commission presented a package consisting of four legislative proposals to strengthen the EU anti-money laundering/counter-terrorism financing (AML/CTF) framework.
Read moreRead more
Payments
Archive
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Premium Content

Our premium content is available to users of our services.
To view articles, please log in to your account, or sign up today for full access:

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.
Read article

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.
Read article

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.
Read article

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.
Read article

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).
Read article

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.
Read article

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.
Read article

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.
Read article

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.
Read article

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.
Read article
Still can’t find what you’re looking for? Get in touch to speak to a member of our team, and we’ll do our best to answer.