Looking for the latest insights and trends from the Financial Services and Gambling industry?

New frameworks aimed at disrupting scam syndicates, while limiting disruption to legitimate users, will place added compliance and operational burdens on banks and payment providers.

On August 14, 2025, the Privacy Protection Law (Amendment No. 13), 5774-2024 entered into force in Israel. The Knesset, Israel’s legislative body, approved the reform on August 5, 2024, marking the most significant overhaul of the country’s privacy regime since the original Privacy Protection Law of 1981.

Strong customer authentication (SCA) was introduced across the European Economic Area (EEA) as a requirement of the revised Payment Services Directive (PSD2), which came into force on September 14, 2019, and the supporting technical standards. The requirement ensures that electronic payments are performed with multi-factor authentication to increase their security.

New Zealand’s government decision to prohibit surcharges on most in-store card transactions should reduce consumer costs and improve price transparency, but may trigger disputes over fees between merchants, card schemes and regulators.

Regulators need to boost their oversight and auditing of crypto-asset service providers (CASPs) to prevent the use of cryptocurrencies to circumvent sanctions imposed on states such as Russia.

The sweeping new regulation obligating banks and authorised payment institutions to reject transactions sent to accounts reasonably suspected of involvement in fraud will require rapid upgrades to processes and systems.

The call by three of the EU’s major financial supervisors for tighter and more harmonised oversight of crypto-asset markets, aimed at addressing flaws in the EU’s crypto regime, could create new compliance challenges for payments firms.

The use of artificial intelligence (AI) in the US banking sector is evolving rapidly. New tools are being deployed across diverse use cases, creating both opportunities and potential compliance risks for financial institutions.

Regulation (EU) 2023/1114 (Markets in Crypto-Assets – MiCA) was published on June 9, 2023. It provides specific rules and requirements for crypto-assets, related services and activities that were previously not covered by Union legislative acts on financial services. This Mapping EU Legislation: MiCA page lays out the key dates, transition deadlines for member states, as well as any RTS, ITS, delegated regulation, implementing regulation or guideline issued and published. It will be updated in line with any MiCA update.

A bill drafted by the Senate Banking Committee could transform the regulatory landscape for crypto-asset companies by providing the framework long sought by the industry.