Useful reading: Practical solutions for efficiently preventing money laundering
The challenges in the area of anti-money laundering law are constantly increasing. To meet the ever-growing regulatory requirements,…
BaFin Update: New Requirements in Circular 08/2023 for ZAG Institutions
ZAG institutions take note! BaFin has updated its Circular 08/2023 on the monitoring and governance of banking products…
Stronger protection for customer funds: ZAG reform brings clarity
German government plans to clarify insolvency protection for payment service providers’ fiduciary accounts: ZAG reform in ZuFinG II…
Banking Exchange 2024: The BEXofChange
From September 18 to 19, Payment & Banking invites you to the Banking Exchange 2024. Under the motto…
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…
The use of artificial intelligence in the financial sector: ESMA’s guidelines for responsible use
Advances in technology have driven the use of artificial intelligence (AI) in many industries, and the financial sector…
Material legal framework that payment service providers in the area of regulatory law need to know
We already provided you with overviews of the material legal provisions that are relevant for payment service providers…
Material legal framework that payment service providers in the area of anti-money laundering law need to know 3.0
We already provided you with an overview of the material legal provisions that are relevant for payment service…
The taxation of carried interest – where do we stand?
What is carried interest anyway? Carried interest (or carry) is a performance fee to which the fund initiators…
ICT Incident Reporting under DORA
Chapter III of Regulation (EU) 2022/2554 on digital operational resilience for the financial sector (DORA) is dedicated to…
Harmonization of the DORA requirements is progressing – The second package of the RTS/ITSs and guidelines for DORA is now also available
On June 17 and 26, 2024, the ESAs published the final drafts of the DORA-specific regulations in a…
Proposed changes to the Investment Ordinance
On June 27, 2024, the draft bill for the 2nd Company Pension Strengthening Act (2. Betriebsrentenstärkungsgesetz) was published.…
Blank slate in anti-money laundering law for insurance holding companies
BaFin’s recently published consultation on an amendment to its Application and Interpretation Guidance (AuA) on the Money Laundering…
Material legal framework that payment service providers in the area of IT regulatory law need to know
We regularly shed a light on important legal and regulatory developments which are relevant for payment service providers…