Money Laundering Archive | Page 2 of 2 | PAYMENT.TECHNOLOGY.LAW.

FinTech

There is no generally applicable definition of the term “FinTech”. It is a combination of the words “financial…

The FinTech Lawyers Network (fln) is an informal pan-European network of lawyers from different law firms. Founded in…

Identification is one of the general due diligence requirements under applicable anti-money laundering laws. The core content of…

The abbreviation “KYC” stands for “know your customer”. This obligation to “know your customer” is contained in Section…

An MLRO is a Money Laundering Reporting Officer who, under the UK Money Laundering Regulations 2007, all companies…

The legal phrase “money laundering” refers to an act (Section 261 para. 1 sentence 1 German Criminal Code,…

“PEP” stands for politically exposed person and includes e.g. heads of state, heads of government, ministers and members…

Section 17 of the German Anti-Money Laundering Act (AMLA; Section 17 AMLA) stipulates the conditions under which obliged…