FFinTech online course Read More 2 minute read Requirements for maintaining a BaFin Licence | FinTech online course #18byChristian Walz18. December 2020 In our yesterday’s blog post, we dealt with the question how to obtain a BaFin licence for payment… Read More
PPodcast Read More 1 minute read PayTechTalk 58 – Deposit business | FinTech online course #12byChristian Walz,Dr. Hugo Godschalk12. December 2020 Payment institutions and e-money institutions collect funds from their customers and hold these funds – sometimes for longer… Read More
FFinTech online course Read More 3 minute read Limited Network and Limited Range | FinTech online course #7byChristian Walz7. December 2020 In the context of payment services and e-money, many speak of Limited Networks and Limited Range. This refers… Read More
LLegal Read More 5 minute read Draft bill on the Financial Market Integrity Strengthening Act (FISG) – Increased controls, more sovereign powers and threats of punishment as a deterrentbyPeter Frey,Katharina Wagener23. November 2020 On October 26, 2020, the German Federal Ministry of Finance (Bundesministerium der Finanzen – BMF) and the German… Read More
PPayment Read More 3 minute read BaFin inspecting general terms and conditions: What do payment and other financial services providers need to be aware of?byPeter Frey,Kemal Ahmedi6. October 2020 When drafting general terms and conditions (“T&C”), the “opponents” are generally your contractual partners as well as consumer… Read More
AAnti Money Laundering Read More 6 minute read Comment on the draft general ruling of BaFin regarding Sec. 24c KWG and virtual IBANbyDr. Susanne Grohé24. September 2020 BaFin has published a general ruling on 7 September 2020, pursuant to which credit institutions are obliged to… Read More
RRegulatory Read More 5 minute read BaFin Guidance Notice on planned reforms regarding members of management / supervisory bodies (part 2)byPeter Frey,Kemal Ahmedi8. September 2020 In part 1, we provided some background information to the updated BaFin guidance notices entitled “Guidance Notice on… Read More
RRegulatory Read More 6 minute read BaFin Guidance Notice on planned reforms regarding managing directors pursuant to the KWG, ZAG and KAGB (part 1)byPeter Frey,Kemal Ahmedi25. August 2020 BaFin is currently working on updating its “guidance notice on managing directors pursuant to the KWG, ZAG and… Read More
PPayment Read More 5 minute read Legal, illegal, who cares? – Sanctions for payment services and e-money business without a licencebyChristian Walz16. June 2020 As part of our daily advisory work, we often have to consider whether a license is required for… Read More
BBanking Read More 6 minute read Light and shadow: The revised version of the BaFin guidance note on guarantee businessbyPeter Frey9. June 2020 On 3 April 2020, BaFin published its new guidance note on guarantee business (“New Guidance Note“). In practice,… Read More