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Europe Advances Plans For Real-Time Payments Connectivity With Asia

By linking its TARGET Instant Payment Settlement (TIPS) system with India and Southeast Asia, the European Central Bank (ECB) is accelerating real-time payments globally and challenging European payment service providers (PSPs) to prepare for faster flows and competitive pressures.
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Prolonged Limbo On Open Banking Leaves US Financial Sector Navigating Uncertainty

A renewed push from Democratic senators highlights how the stalled Personal Financial Data Rights (PFDR) rule is forcing banks and fintechs to rethink strategy, as shifting political priorities threaten a stable data-access framework for the long term.
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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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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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Swedish Banking Watchdog Sets Danske Bank AML Deadline

Danske Bank must rectify its anti-money laundering (AML) and counter-terrorist financing deficiencies by June 30, 2022, the Finansinspektionen has warned.
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Payments

Week In Brief - October 22, 2021

A short roundup of some of the week's payments news you may have missed.
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Payments

FCA To Fill Gaps After Identifying Payments Firms Outside Its Reach

As innovation is changing the traditional payments landscape, the UK Financial Conduct Authority (FCA) has identified areas where new market players can escape its regulatory reach. In its new Perimeter Review, the FCA advises the government on how to fill these gaps.
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Payments

U.S. Supreme Court To Hear Texas Tribal Gaming Case

For years, gaming tribes viewed the U.S. Supreme Court as a hostile forum but the court’s decision this week to hear arguments in a Texas Indian gaming case shows the tide may be shifting and commercial casinos could benefit.
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Gambling

Ireland Publishes Plan For Gambling Regulation

Ireland has finally published its long-awaited General Scheme of Gambling Regulation Bill, after it was approved by the government earlier this week.
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Gambling

German Court Says Sports-Betting Tax Is Not Unconstitutional

Germany’s Federal Fiscal Court has ruled that the country’s hefty online sports-betting tax rate is not “suffocating” and does not violate German or European law.
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Gambling

News In Brief: October 18-October 22, 2021

The UK regulator is moving forward with a project to overhaul its prevalence surveys, uncertainty in California and more Maryland casinos get sports betting go ahead.
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Gambling

EBA Suggests Re-Authentication Overhaul In Latest API Feedback

The European Banking Authority (EBA) has conceded that the 90-day account renewal rule has hindered customer retention for account information service providers and has announced that it will be making an amendment.
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Payments

News In Brief - October 21, 2021

Authorities in the UK, US and Switzerland fine Credit Suisse after financial crime blunder.
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Payments

FinCEN Working With Fintechs To Fight Crypto Exploitation - DC Fintech Week

Him Das, acting director of the Financial Crimes Enforcement Network (FinCEN), believes that protecting the U.S. financial system has to be a shared effort between fintechs and his agency. FinCEN is actively engaging with the industry to understand the potential exploitation of the technology.
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Payments

MPs Demand Clarity On FCA’s Five-Year AML Prosecution Of NatWest

The chair of the UK House of Commons’ Treasury Committee has written to the Financial Conduct Authority (FCA) requesting further information on the prosecution of NatWest for money laundering.
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Payments

U.S. Senators Rise Up Against Facebook’s Novi Pilot

Following numerous turns in Facebook’s plans to enter the digital payments market, the technology company is now launching a pilot for its digital wallet with Paxos stablecoin, but the move has sparked opposition from Democratic senators.
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Payments

Svenska Spel Backs Risk Classifications Above 'Special Moderation'

Swedish state-owned Svenska Spel has warned the government that applying alcohol-style restrictions on gambling adverts will lead to “unwanted consequences”.
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Gambling

Public Inquiry Concluded, Canadian Gaming Industry Awaits Money Laundering Report

After two years of testimony from around 200 witnesses and receiving closing submissions, a special commission is close to wrapping its high-profile investigation into the flow of millions of dollars in dirty money through British Columbia’s gaming industry.
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Gambling

FSB Chair Addresses Stablecoin And Climate Risks

The Financial Stability Board (FSB) is keeping a close eye on cryptocurrencies and climate-related complexities, Governor Randal K. Quarles has said in a speech.
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Payments

U.S. Treasury Releases Sanctions Review

Sanctions designations, a major headache for financial institutions, have increased tenfold during the last 20 years, a new U.S. Treasury review finds, reminding the digital asset space that they too must comply.
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Payments

Philippine QR Code Payment Expanded To P2M Transactions

Described as a milestone in the Philippines’ digital transformation journey, the expansion of the country’s QR payment service will enable merchants to accept payments for their goods and services across an interoperable payment network.
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Payments

Retail CBDC Is Foundation For Future Payment System - DC Fintech Week

The existence of a domestic instant payment system does not set aside use cases of a general-purpose central bank digital currency (CBDC), the Thai central bank governor said at DC Fintech Week.
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Payments

U.S. Treasury Grants AML Relief For Remote Registration

Federal anti-money laundering rules should not require U.S. sports betting or online casino operators to verify a player’s identity by inspecting a physical document upon opening an account, regulators have confirmed in a new ruling.
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Gambling

New York Mobile Sports-Betting Tax Set As High As 64 Percent

Operators bidding to offer mobile sports betting in New York could have to pay a tax rate as high as 64 percent on gross sports-betting revenues, according to a report on Tuesday.
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Gambling
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War in the Middle East Set to Accelerate Decoupling From Traditional Infrastructure

The new geopolitical realities mean that payments firms will need to reassess their compliance priorities to protect themselves against the risks posed by Iranian and other sanctioned actors.
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Regulatory Influencer: Will Sanctions Enforcement be on the Rise in 2026?

In 2026 and beyond, a structural shift in global economic governance around sanctions enforcement can be expected. Prior to late 2025, the focus was more on sanctions design and designations as a policy tool for most jurisdictions, given the geopolitical landscape, whereas 2026 could be the year when the focus moves to sanctions enforcement.
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Mapping EU Legislation: Regulation (EU) 2022/2554 (Digital Operational Resilience Act – DORA) and Directive (EU) 2022/2556

Regulation (EU) 2022/2554 (Digital Operational Resilience Act – DORA) was published in the Official Journal of the European Union on December 27, 2022. DORA lays down uniform requirements concerning the security of network and information systems supporting the business processes of financial entities. This Mapping EU Legislation: DORA page will be updated in line with any DORA update. This includes any delegated regulation, implementing regulation or guideline issued and published at EU level, or any legislation supplementing it at member state level.
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Regulatory Reporting: Regulation (EU) 2022/2554 (Digital Operational Resilience Act – DORA) – Register of Information

As provided in Article 28(3) of Regulation (EU) 2022/2554 (Digital Operational Resilience Act – DORA), as part of a financial entity's ICT risk management framework, they must maintain and update at entity level, and at sub-consolidated and consolidated levels, a register of information (ROI) in relation to all contractual arrangements on the use of ICT services provided by ICT third-party service providers. Although the European Supervisory Authorities (ESAs) have provided information on such reports, the procedures for submitting the registers differs between national competent authorities. This document provides a snapshot of reporting requirements across selected European countries.
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Competing Reports on CFPB Downsizing Signal Continued Volatility for Regulated Firms

As the battle over the Trump Administration’s plans for the Consumer Financial Protection Bureau (CFPB) enters a new phase, firms operating in the US can expect fragmented oversight and inconsistent enforcement.
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Kazakhstan Completes Five-Year Shift to Regulated Crypto Market

New legislation seeks to establish the jurisdiction as a regional hub for regulated digital finance by offering a legal environment that could attract both domestic and international players.
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Compliance Under Construction: Key Takeaways from the UK Payments Forward Plan

The UK Payments Forward Plan, published in February 2026, is intended to be a clear, coordinated regulatory roadmap for the UK’s payments sector over the next three years. This document offers an assessment of the plan’s strengths, weaknesses and likely impact on the UK payments industry over the coming months and years, as well as the full text of the plan itself.
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Dissecting Stablecoins: Design, Yield Generation and Risk

Stablecoins have evolved into a rapidly expanding financial infrastructure, and regulators globally are striving to keep pace, stressing the need for a clear understanding of their design, risks, and yield mechanisms to inform debate and discussion.
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Vixio’s Verdict: The New UK Payments Plan Points The Way, Not The Specifics

The long-awaited publication of the UK’s Payments Forward Plan underlines the scale of the relevant authorities’ ambitions and of the challenge they have set themselves and the industry in the pursuit of growth and increased competition.
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Vixio’s Verdict: Finland’s FSA 2026–2028 Strategy - Building Financial Resilience in An Unpredictable World

The Finnish Financial Supervisory Authority (FSA) will operate under a renewed supervisory strategy for 2026 to 2028, centred around delivering effective and risk-based supervision. From 2026, supervisory priorities will place particular emphasis on the operational reliability of digital services and on preparing supervised entities for extreme economic and market phenomena. Alongside these annual priorities, the FSA will continue its ongoing monitoring of solvency, good governance and compliance with codes of business conduct. For 2026, the FSA has planned 35 new inspections and 24 thematic assessments, a slight increase from 2025, when 33 inspections and 18 thematic assessments were conducted. As financial services continue to digitise, the FSA needs deeper, more frequent on-site and thematic reviews to assess operational resilience standards. A modest increase suggests a measure of strengthening supervisory depth rather than a signal of systemic concern.
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