https://paytechlaw.com/wp-content/uploads/TeufelEnte-1024x740.jpg 740 1024 Dr. Susanne Grohé https://paytechlaw.com/wp-content/uploads/logo-1.png Dr. Susanne Grohé2017-11-06 19:04:312018-05-09 18:09:48The devil is in the detail: Payment Initiation Services, Account Information Services and the AML regulations
Should Payment Initiation Services and Account Information Services…
https://paytechlaw.com/wp-content/uploads/traffic-lights-6010_1280.jpg 1280 960 Frank Müller https://paytechlaw.com/wp-content/uploads/logo-1.png Frank Müller2016-11-22 22:34:232018-05-02 17:58:07AML and PSD2 – The End of E-Money?
Full KYC and e-money business are not best friends. However, the obligation to apply SCA to e-money transactions under PSD2 could be a deathblow.
https://paytechlaw.com/wp-content/uploads/internet-1028794_1280-1024x731.jpg 731 1024 Frank Müller https://paytechlaw.com/wp-content/uploads/logo-1.png Frank Müller2016-07-12 13:12:402018-05-02 14:47:36BaFin pulls back on plans to modify administrative practices on video identification – Circular 04/2016 (GW) suspended until 31 December 2016
Circular on video identification is suspended Germany’s Federal…
https://paytechlaw.com/wp-content/uploads/geld.jpg 400 698 Frank Müller https://paytechlaw.com/wp-content/uploads/logo-1.png Frank Müller2016-07-06 14:52:272018-06-04 14:11:15Proposal for a fifth AML Directive – Impacts on the E-money Business
If the “killer” provision of Article 12 of 5AMLD will come into force, it will massively impact the European e-money business. No thresholds and full KYC.
https://paytechlaw.com/wp-content/uploads/kyc.jpg 400 698 Frank Müller https://paytechlaw.com/wp-content/uploads/logo-1.png Frank Müller2016-07-02 14:45:522018-05-02 16:06:31KYC - Another Use Case of Blockchain?
The blockchain technology could be an answer in terms of a seamless UX for the very complex and expansive KYC/AML procedures.