A new U.S. Department of Justice opinion on the Wire Act adds “a lot more confusion” for online gambling dealmakers and European companies eager to expand into the U.S. market, experts have said.
On January 17, 2019, the Bank of Israel presented the new cheque format that is due to enter into circulation in the Israeli territory within the year, ahead of the Reducing the Use of Cash Law...
Payment providers serving the U.S. online gambling market face legal uncertainty after a decision by the Department of Justice to reverse a 2011 opinion on the application of the federal Wire Act.
On January 14, 2019, the central bank of Mexico, Banxico, published Circular 1/2019, which amends Annex 1 of the rules applicable to the reporting of participants to the central bank regarding...
The UK government could ban gamblers from using their credit cards to place bets if firms do not take more action to protect vulnerable customers, a senior minister has warned.
As more banks prepare to roll out self-exclusion schemes for transactions linked to gambling, the UK’s top gambling regulator has revealed it has already been in discussions with financial...
Responsible gambling experts are adamant payment blocking schemes introduced by several banks are a step forward, but doubts remain over whether or not banks should be obliged to offer them.
The fight against financial crime in the Americas reached an ever-higher pitch in 2018, with new and innovative methods of sanctions evasion sprouting as quickly as enforcement agencies could cut...
On December 7, 2018, the Malta Financial Services Authority (MFSA) released an announcement on financial inclusion, informing all Maltese citizens of their right to access to basic banking services...
As a growing number of U.S. states move to legalize sports betting after the Supreme Court's landmark PASPA ruling, payment processors are not waiting any longer to get into the game.
On November 15, 2018, the Monetary Authority of Singapore (MAS) released a report titled “Cross-border interbank payments and settlements: Emerging opportunities for digital transformation”, which...
Banco de Portugal, the central bank, has published a public consultation on the framework of the transposition of Directive 2015/2366, also known as the revised Payment Services Directive (PSD2)...
The U.S. gaming industry is interested in payment methods that make it easier to play slot machines or table games, but regulators have cited fears of problem gambling, security and cost...
On September 25, 2018, the Payment Systems Regulator (PSR) launched a public consultation on a proposed specific direction, called “Specific Direction: Protected ATMs 2018: LINK”. The direction...
On September 18, 2018, the Administrative Council for Economic Defence (CADE), which operates within the Ministry of Justice, issued a technical note in relation to a complaint filed by the...
A Munich district court has rejected a claim brought by a German bank against a customer who refused to repay their gambling debt, further complicating the country’s payment blocking regime.

Pages