Payment by credit card is becoming a popular method of payment in Germany. Around five percent of all payments are today conducted this way. However, many people only have a very faint idea – if any at all – about how payment with a credit card works from a legal perspective. Matthäus recently published […]
After our first joint podcast with Kilian Thalhammer at the Money20/20 Europe in (back then still) Copenhagen and our joint podcast with Jochen Siegert about the Bitcoin decision, we are now pleased to present the third joint Podcast with Payment & Banking. For the 201st episode of the Payment & Banking FinTech podcast and the […]
Hanno Bender, a lawyer and journalist (since May 2014 head of the department “Law and Politics” at the newspaper Lebensmittel Zeitung), used the holidays “between the years” to look into the “really important questions in life”. On 7 January, he was ready to produce his work and published his “100 questions to the payment industry […]
Last week I gave you an update on the Bitcoin decision. Let’s recap. On 25th November 2018 the Kammergericht Berlin (Az.: (4) 161 Ss 28/18 (35/18)) ruled that the trading of Bitcoin was not a criminal act. According to the court, Bitcoin is not a financial instrument under the rules of the the Kreditwesengesetz and […]
In its “Bitcoin decision” of 25 September 2018, the Berlin Court of Appeal (case no.: (4) 161 Ss 28/18 (35/18)) ruled that trading Bitcoin was not a crime. Bitcoin are not financial instruments within the meaning of the German Banking Act, in particular, they are no units of account. At first glance, this may not […]
In PayTechTalk 28 haben wir uns intensiv mit dem Thema Geldwäscheprävention befasst und versucht, die wesentlichen Grundlagen zu vermitteln. In dieser Episode erläutern wir, wie ein Verpflichteter im Sinne des Geldwäschegesetzes bei geldwäscherechtlichen Sorgfaltspflichten auf Dritte zurückgreifen kann (siehe dazu auch den Beitrag meiner Kollegin Nasim zu § 17 GwG). KYC durch Dritte? So gehts! KYC […]
In PayTechTalk 28 I will be discussing an issue that is of great importance for our advisory practice with my colleague Christian Walz. No, we are not talking about a song by the German band ‘Fantastische Vier’ – it´s all about the prevention of money laundering. In this episode we would like to communicate some basic […]
We buy organic vegetables, use green energy, are considering purchasing an electric car and always take our cloth bag with us while going shopping. But how sustainable is our money? With its mobile current account ‘Tomorrow’ aims to combine a positive social and ecological impact with state-of-the-art technology and make the niche topic of “sustainable […]
Open Banking & Identity: In the 25th-anniversary episode of PayTechTalk, I had the great honor to talk to none other than the world-famous author, advisor, and commentator on digital financial services, Mr. Dave Birch. Open Banking – will it do harm or further competition? Dave gave us interesting insights into his experiences with open banking […]
The identification of customers according to money laundering law is as much a part of the financial industry as saying amen in church. The regulatory requirements are immense and they have been increasing for years. For example, the fifth EU money laundering directive (AML5) published in the Official Journal of the EU on 19 June […]