Anti-Money Laundering Law: Key Legal Sources for Payment Service Providers
The European Union’s Anti-Money Laundering Package (AML Package) presents a paradigm shift in anti-money laundering supervision for payment…
Insurance intermediaries as obliged entities under money laundering law – modern distribution models, open questions and the future rules of the AMLR
Insurance intermediaries must comply with the obligations under money laundering law if they broker life insurance policies within…
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,…
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…
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…
AML package (5) – exception for tied credit intermediaries?
The EU AML package was published in the Official Journal of the European Union on 19 June 2024.…
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…
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…
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…
AML Package (2): Risk Management under the AML Regulation
The AML package encompasses a multitude of changes compared to the previous legal framework. The third part of…
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…
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…
DeFi vs. CeFi #5 – Self-Sovereign-Identity SSI
In our newest episode of PayTechTalk and our 5th “DeFi vs. CeFi”-Series, We talk about Self-Sovereign-Identity SSI. Our…
ECJ Judgment: Access to the beneficial ownership register for the general public inadmissible without demonstration of a legitimate interest
In its judgment of 22 November 2022 in Joined Cases C-37/20 and C-601/20, the European Court of Justice…