Video identification: Draft regulation of the Federal Ministry of Finance
On 18 April 2024, the Federal Ministry of Finance (BMF) published the draft of an ordinance on money…
All about DORA – impact and recommendations for financial companies
What is DORA? With DORA, Regulation (EU) 2022/2554 on digital operational resilience in the financial sector (Digital Operational…
The Digital Euro in the European Election Campaign
The European Commission’s proposal to regulate the digital euro (D€) has been on the table since June 28th,…
Is factoring now subject to insurance tax?
In the recent past, we have increasingly observed that the Federal Central Tax Office (BZSt) wants to subject…
News on the prevention of money laundering and terrorist financing by insurance companies
If insurance companies conduct transactions with an affinity for money laundering/terrorism financing (especially life insurance transactions, products with…
Regulation of Crypto Currencies in Europe – An overview
Our infographic provides a comprehensive overview of the key milestones in cryptocurrency regulation in the European Union and…
Customer money protection according to PSD3 and PSR
In our article from July 5, 2023 “The EU Commission’s proposals for PSD3 and PSR – an initial…
PSR/PSD 3: The digital purse – The “wallet”
The proposals for the Payment Service Directive 3 (“PSD3”) and the Payment Services Regulation (“PSR”) are taking shape.…
Innovations in PSD3 and PSR from ECON Reports
The proposals for the Payment Services Directive 3 (“PSD3”) and the Payment Services Regulation (“PSR”) continue to take…
One-way street FiDA – why well-intentioned is not well done
With its proposal for a regulation on a framework for access to financial data (Financial Data Access –…
AML package (4) – Outsourcing under the new AML-R
This part of our series on the AML-package features the regulations on outsourcing. The introduced AML-Regulation (AML-R) will…
EU AI Act – What financial institutions need to know
The impact of artificial intelligence (AI) on the development of financial services ranges from the personalisation of the…
AML package (3) – New features for obligated parties
Part 4 of our series on the AML package deals with the changes to the group of obligated…
The group privilege in payment services regulation
In a nutshell, the Payment Services Supervision Act (ZAG) stipulates that payment transactions and associated services within a…