SectorWire
SearchGet the daily briefing
Menu

Argentina’s central bank introduces payment data scheme to detect illegal betting

Regulation

Argentina’s central bank said it would make public information available to strengthen payment monitoring and help identify accounts potentially linked to illegal gambling. Payment administrators will use the information to create individual fraud-risk profiles for financial institutions and payment service providers, with implementation planned in stages.

Payment providers will use the scheme in transaction monitoring, customer onboarding and periodic reviews.

Connections

Request a correction

Keep reading

Regulation

DGGI proposes payment-data rules after detecting INR700bn in illegal gaming transactions

India’s Directorate General of GST Intelligence detected INR700 billion in illegal online gaming and betting transactions during one financial year and proposed new payment-data requirements, according to media reports citing officials. The amount refers to transactions, not operator revenue or government tax losses; the latter remain under investigation. The recommendations are under consultation, with responsibility for collecting the information and verifying originating websites still undecided.

Continue reading