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The MLRO – is a professional who manages the AML and regulative compliance-associated duties applying a risk-grounded approach. Let’s figure out what is the role of MLRO and why it is highly essential to appoint such professionals in businesses dealing with finances. Role of MLRO in the financial business The MLRO is in charge of…

An initial coin offering (ICO) is a popular innovative option for start-ups to collect funding for the development of services usually associated with cryptocurrecies or blockchain-based offers. It allows stakeholders to acquire newly-issued tokens. They may feature some usefulness associated with the products or services that the business is delivering, or they may just present a project…

If you are tuning out the noise in the blοckchain industry, as well as educating yourself on crypto, you might have come across the notion of “initial coin offering”, also known as ICO. But what does it mean? Is it the same as trading popular coins like Bitcoin? When new projects need to raise money to launch a new token,…

The Cοrporate Αffairs Cοmmission (CAC) is a regulatory body set up to administer Nigerian entities. Recently, it has launched a new e-registration platform, due to which company registration in Nigeria can be done remotely. As specified by the law, an entry in a registrar of this regulator is a compulsory term for setting up a Nigerian…

The main characteristic of virtual currencies is their DeFi nature. They are not administrated by a sole organization alike monetary authorities but are split among a range of computers and networks. Often cryptocoins apply this feature to obtain high levels of confidentiality and safety that are not accessible to fiat currency and its circulation. Bottomed…

The recent economic crisis demonstrated the cope of consequences that the unregulated accumulation of risks and vulnerabilities in the banking industry can have for the whole financial system. Hence, the primary purpose of banking supervision in Germany is to guarantee that banking is effective, secure, and doesn’t face any risks. Overview of German banking regulation…

Typically realized during an ICO, utility tokens offer token holders many privileged services and aren’t treated to be investments as they feature speculative nature and act more like promotional instruments for the issuing company. Let’s find out what is NFT utility and how it differs from traditional NFT. NFT utility: what is it? Commonly associated…

The Federal Financial Supervisory Authority, better known by its abbreviation BaFin, oversees banking institutions, FSPs, private insurance firms, and securities dealers. This authority is also in charge of ensuring consumer security in these fields. But there are certain legit restrictions to the extent to which BaFin is mandated to help customers. Figure out the sectors which BaFin…

According to the statement of HMRC, EMI schemes will remain to be effective after Brexit transitional period. These schemes allow some businesses to provide workers nontaxable share options worth up to £250,000; they do not expire and will be applicable in the post-Brexit period. What can companies hope for? As of now, there are multiple…

In line with the Swiss law, entities providing asset management services are necessitated to acquire special permission from the regulative authority FΙNMA to continue running their operations. FINIA sets a period to transit (3 years) for Swiss asset management companies that delivered their services prior to 2020 to send their requests. However, this timeframe expires…

Our group of experts can help you with setting up a money service business in Canada. It includes a procedure of legal application, regulatory interaction, the creation of required paperwork, and constructing the payment system, we recommend contacting our specialists to deal with it. Why Canada? This state encourages trade, and there are several fintech…

Astana International Financial Center (AIFC) is a specialized hub that grants fin. organizations access the marketplaces of Eurasia, providing safe roots and creating a separate legal base. This is an advanced financial institution based in Kazakhstan, connecting the economies of the central region of Asia, the Caucasus, Mongolia, China, the Middle East and the EU….