Factoring and anti-money laundering law: Which requirements under money laundering law shall a factoring company meet?
The following article provides an overview of the requirements that factoring companies have to meet with regard to…
Comment on the draft general ruling of BaFin regarding Sec. 24c KWG and virtual IBAN
BaFin has published a general ruling on 7 September 2020, pursuant to which credit institutions are obliged to…
eIDAS and AMLD5: A perfect match?
In the fight against money laundering and terrorist financing, accurate identification and verification of customer data are an…
Commission increases its fight against money laundering and terrorism financing
The EU Commission increases its fight against money laundering – will this pave the way for a new…
The EBA’s consultation paper on money laundering and terrorism financing risk factors – changes for e-money issuers?
The European Banking Authority (“EBA”) published a new consultation paper in February 2020 on revised guidelines on money…
PayTechTalk 53: AMLD5 as a start for crypto regulation
In today’s episode of PayTechTalk, I’ll be talking to my colleagues Charles Krier and Alireza Siadat. Together we will…
The EBA’s new consultation paper on the risk factors associated with combating money laundering – what is this about?
On 5 February 2020, the European supervisory authority (European Banking Authority “EBA”) published a new consultation paper on…
Time to read: The must-reads on payment transaction law
Believe it or not, there is a silver lining to being in lockdown and having to cancel Easter…
Section 154 AO German Fiscal Code: Small change, big cost
As part of the implementation of the 5th Anti-Money Laundering Directive, the German legislator introduced a small change…
The EBA will be calling the shots in the future regarding anti-money laundering
On 5 February 2020, the European Banking Authority (“EBA”) published a new Consultation Paper on revised guidelines pertaining…