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PaymentsCompliance: Data Protection In A ‘Post-Dwolla’ World: Industry Told To Up Standards

20TH SEP 2016 | WRITTEN BY: CHRIS SIEROTY IN WASHINGTON, D.C. U.S. financial institutions that are well prepared for a cyber-attack could save millions of dollars if a breach occurs, legal experts have said, in an increasingly hostile regulatory environment. Courtney Stout, an attorney at Davis Wright Tremaine law firm, told last week’s Emerging Payment… Continue reading PaymentsCompliance: Data Protection In A ‘Post-Dwolla’ World: Industry Told To Up Standards

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PaymentsCompliance: U.S. Money Transmission: Stitching Together The Patchwork Of State Regulations

16TH SEP 2016 | WRITTEN BY: CHRIS SIEROTY IN WASHINGTON, D.C. Three years ago, Illinois told eight start-up financial companies to stop doing business in the state, arguing the companies were engaged in money transmission and so required a license. Today, Square, a payments company with a card-reader that plugs into a tablet or smart… Continue reading PaymentsCompliance: U.S. Money Transmission: Stitching Together The Patchwork Of State Regulations

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GamblingCompliance: Court Dismisses Challenge To North Fork Tribe’s Casino

12TH SEP 2016 | WRITTEN BY: CHRIS SIEROTY A federal judge in Washington, D.C. has rejected a wide-ranging legal challenge to the North Fork Rancheria of Mono Indians’ casino, clearing what could be the last road block placed in front of the development just north of Madera in central California. In her 170-page ruling, U.S.… Continue reading GamblingCompliance: Court Dismisses Challenge To North Fork Tribe’s Casino

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GamblingCompliance: Nevada’s USFantasy Eyes Pennsylvania For Potential Expansion

7TH SEP 2016 | WRITTEN BY: CHRIS SIEROTY Nevada’s first licensed fantasy sports operator will launch its contests at about a dozen casinos on Thursday just in time for the start of a new NFL season, before expanding into a total of 49 casinos by week three, the company confirmed Tuesday. The Las Vegas-based company’s… Continue reading GamblingCompliance: Nevada’s USFantasy Eyes Pennsylvania For Potential Expansion

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GamblingCompliance: Nevada Considers Lowering Gambling Age to 18

26TH AUG 2016 | WRITTEN BY: CHRIS SIEROTY A proposal to lower Nevada’s gambling age is among the 317 early bill draft requests (BDR) submitted so far by lawmakers and agencies for possible consideration by the 2017 Nevada legislature. The list on the state legislature’s website is updated regularly with new proposals and offers a… Continue reading GamblingCompliance: Nevada Considers Lowering Gambling Age to 18

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PaymentsCompliance: California’s Digital Currency Bill Shelved Until 2017

18TH AUG 2016 | WRITTEN BY: CHRIS SIEROTY California’s legislature has shelved proposals to introduce new regulations for virtual currency businesses, the bill’s author told PaymentsCompliance in a statement.  Reintroduced earlier this month, Assembly Bill 1326, or the California Bitcoin license bill, has been referred back to the Senate’s Rules Committee and the Assembly’s Committee… Continue reading PaymentsCompliance: California’s Digital Currency Bill Shelved Until 2017

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GamblingCompliance:DoJ Official Warns Casinos On AML Compliance

17TH AUG 2016 | WRITTEN BY: CHRIS SIEROTY The Gardens Casino and Sparks Nugget combined were recently fined more than $3m for anti-money laundering (AML) violations, mistakes a federal law enforcement official warned other casinos Tuesday to avoid making. “Despite its importance, compliance often takes a back seat to other financial considerations,” Deborah Conner, deputy… Continue reading GamblingCompliance:DoJ Official Warns Casinos On AML Compliance