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…
The AML package is here
On February 12, 2024, the Council of the European Union published the final compromise texts on the new…
Digital Euro – No Full Anonymity. Why Not?
A contribution to the hearing in the Finance Committee of the German Bundestag on the digital euro on…
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…
DORA takes shape – first package of final RTS/ITS to DORA published
EU regulators have published the final versions of an initial set of four technical standards for operational resilience…
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…
Minimum requirements for risk management at ZAG institutions (2)
Update: The ZAG-MaRisk was published on May 27, 2024 after an extended consultation. According to the BaFin’s letter…
Minimum requirements for risk management at ZAG institutions (1)
Update: The ZAG-MaRisk was published on May 27, 2024 after an extended consultation. According to the BaFin’s letter…
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.…
The EU Commission’s proposals for PSD3 – transitional provisions, Art. 44, 45 PSD3
On 28 June 2023, the EU Commission presented proposals for a Payment Services Directive 3 (“PSD3”) and a…
E-money under PSD3 and PSR
On June 28, 2023, the EU Commission presented proposals for a Payment Services Directive 3 (“PSD3“) and a…
The metamorphosis of a payment instrument into a payment app
If you “google” the term payment app, you come across Apple Pay, Google Pay, Payback Pay, Bluecode, PayPal…