KYC and KYB – identification pursuant to Anti-Money Laundering Act | PayTechLaw advent calendar #21
As we have already learned in the last article, the identification of the customer is only one of…
PayTechTalk Top5 – 2018: The most popular podcasts of 2018
As already hinted at in my last post: after we presented the PayTechLaw Top10, i.e. the ten blog…
PayTechTalk 29: KYC by Third Parties? This is how it works!
In PayTechTalk 28 haben wir uns intensiv mit dem Thema Geldwäscheprävention befasst und versucht, die wesentlichen Grundlagen zu vermitteln.…
KYC and the distribution of e-money: Do I have to or not? Section 25i para. 2 German Banking Act (KWG)
The German legislator transposed the requirements of the 4th EU Anti-Money Laundering Directive (AMLD 4) into German law…
PayTechTalk 28: KYC, AML and CTF. Fanta 4? Prevention of money laundering!
In PayTechTalk 28 I will be discussing an issue that is of great importance for our advisory practice…
AML5 update: 5th Anti Money Laundering Directive adopted
5th Anti Money Laundering Directive (AML5) tightens requirements for anonymous e-money and makes cryptocurrency platforms and wallet providers…
Double standards: ESAs place high demands on the use of innovative solutions regarding anti-money laundering prevention
In their opinion, the ESAs praise how money laundering and the financing of terrorism can be prevented by…
AML and PSD2 – The End of E-Money?
Full KYC and e-money business are not best friends. However, the obligation to apply SCA to e-money transactions under PSD2 could be a deathblow.
BaFin pulls back on plans to modify administrative practices on video identification – Circular 04/2016 (GW) suspended until 31 December 2016
Circular on video identification is suspended Germany’s Federal Financial Supervisory Authority (BaFin) announced yesterday that the requirements in…
Proposal for a fifth AML Directive – Impacts on the E-money Business
If the “killer” provision of Article 12 of 5AMLD will come into force, it will massively impact the European e-money business. No thresholds and full KYC.