Analysis of the EBA Report on Virtual IBANs following the entry into force of the new AML Regulation
1. BACKGROUND The International Bank Account Number (“IBAN”) was introduced in 1997 by the International Organisation for Standardization…
Overview of the AI Act, the first ever legal framework on AI
The recent success of Chatbots such as ChatGPT, has led to much debate on the use of artificial…
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…