One-way street FiDA – why well-intentioned is not well done
With its proposal for a regulation on a framework for access to financial data (Financial Data Access –…
AML package (4) – Outsourcing under the new AML-R
This part of our series on the AML-package features the regulations on outsourcing. The introduced AML-Regulation (AML-R) will…
EU AI Act – What financial institutions need to know
The impact of artificial intelligence (AI) on the development of financial services ranges from the personalisation of the…
AML package (3) – New features for obligated parties
Part 4 of our series on the AML package deals with the changes to the group of obligated…
The group privilege in payment services regulation
In a nutshell, the Payment Services Supervision Act (ZAG) stipulates that payment transactions and associated services within a…
PSD3 and PSR: What changes are there for telecommunication-specific payment transactions?
The proposals for the Payment Services Directive 3 (“PSD3”) and the Payment Services Regulation (“PSR”) continue to take…
AML Package (2): Risk Management under the AML Regulation
The AML package encompasses a multitude of changes compared to the previous legal framework. The third part of…
Revision of MaComp BT 8
BaFin implements ESMA guidelines on MiFID II compensation requirements With a revision of the Special Part 8 of…
Online again: BaFin register of notified LNE exemptions
Here at PayTechLaw, we have always dealt with the PSD2-exceptions for limited networks and limited product ranges. Those…
AML package (1) – Money laundering versus sanctions
With the publication of the compromise text on the new Anti-Money Laundering Regulation (“AML-R”) and the so-called Sixth…
Blockchain in Action – How DLT Enables Sanction Enforcement
The European Union’s 12th sanctions package includes new and extended sanctions against Russia. In addition to the transit…
ESA’s Final Report: SFDR RTS 2.0
Introduction The European Union wants to achieve net-zero CO2 emissions by 2050 – among other things with the…
Further step towards the adoption of the EU AML Package
As previously outlined on paytechlaw, the legislative process for the adoption of the AML Package of the EU…
Still a payment service or already the issuance of e-money?
This is the question currently dealt with in front of the European Court of Justice in Case C-661/22.…