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Austria: Acquisition of Banks

The Austrian Republic is known for its developed financial sector. In addition, the country actively attracts foreign investments, which is also the reason why businessmen from all over the world decide to start financial activities…

Monaco: Types of Private Banking Contracts

Considered Europe’s major business hub, Monaco traditionally attracts hosts of entrepreneurs wishing to render financial services in the EU. There’s a good chance that you’re one of them and are now contemplating registering a banking…

Turkey: Open Banking

Planning on undertaking financial activities in Turkey? If you are, then you definitely need to know about open banking in Turkey and how it is used by Turkey-registered companies. Interested? Then let’s dive right into…

Liechtenstein: Private Banking & AML

Those planning on carrying out financial activities in Liechtenstein should pay particular attention to ensuring their business’ transparency & compliance with AML rules. This article describes the key AML requirements private banks & asset managers…

Monaco: Private Banking and AML

In recent years, many governments have spoken out in support of business transparency and have introduced anti-money laundering (AML) and financial crime prevention legislation. Banks and other financial institutions that issue credit or allow customers…

France to Take AML Compliance Seriously

The European Commission made the implementation of the AML directives a priority. The EU member-states are now to enact tighter rules to counter dirty-money risks in all areas, including prepaid cards and cryptocurrency exchanges. However,…

Post-Crisis Banking Regulation in Lebanon

Lebanon's once steadily growing banking system faced a crisis late last year. The problems that began in the macroeconomic sphere were gradually transferred to the country's banking sector.  In this article, we offer a brief…

New Bank Supervision Mechanism in Ireland

In this post, we offer a brief overview of the mechanisms that govern the Irish banking sector. This topic is relevant for those who wish to obtain a financial license in Ireland. Key regulators Ireland's…

How to Obtain a Financial License in Austria

Austria has a stable financial system, a balanced budget, an efficient economy, and a high level of wealth. The state and regulatory policy of the country in the banking sector is aimed primarily at maintaining…

Legal Framework for Banking in Germany

The banking sector in Germany is regulated by three laws: On Banking, On Trading in Securities and the Civil Code. The latter regulates the relationship between financial institutions and their customers. German banks are supervised…

Ireland: A Closer Look at Digital Finance

Ireland has become one of the key places not only in Europe but also in the world where fintech companies have settled. If you plan to establish a fintech company in Ireland or EU, then…

LLC Insolvency in the UK

Everyone who has ever encountered entrepreneurial activity knows that closing a company is much more difficult than opening it. Company closure in the UK is a voluminous complex of tasks that requires a lot of…

Nigeria – Open Banking Concept

Open banking in the Republic of Nigeria still has a long way to go before it reaches full maturity. As a rule, parties to an open banking agreement in Nigeria include a consumer, consumer bank…

Regulation of Banking Activities in France

The main laws governing banking in France include the Monetary & Financial Code, the Finance Act & Banking Act. It’s worth pointing out that the Finance Act applies not only to investment entities, but also…

Monaco: Private Banking

Getting a License ACPR is the sole authority entrusted with issuing banking licenses to lending establishments in the state of Monaco. To get a banking license, a potential applicant must: have 5 million euros have…

Crowdfunding. Advantages and Pitfalls

Creating a crowdfunding platform is becoming an increasingly fashionable way to obtain funding not only for individual projects and startups, but also for existing businesses. In this article, we will analyze the types of crowdfunding…

Private Banking In Switzerland

Switzerland is called the launching pad for products such as wealth management and private banking. Currently, Swiss banks offer them in different formats. Wealth management can be an option within the private banking services, or…

Owning & Acquiring Banking Institutions in Great Britain

As per recently amended UK legislation, individuals seeking to purchase stakes or voting rights in British banking institutions (or a holding entity they are part of) must give advance notice to and receive permission from…

Acquiring & Owning Banking Institutions in the State of Sweden

Reliable & efficient financing systems are an essential component of any successful economy. The secret to Sweden’s prosperity lies in the fact that its financial system is managed by highly effective banking & other credit…

Basics of Open Banking

The interaction of devices and software applications is improved every year, and the Open Banking concept is aimed at ensuring such a connection with financial services. Open Banking is perceived as a complex of solutions…

A Sector of Prosperity: Singapore Banking

Let’s assume that some 20 years ago you would consider establishing an affiliation of your bank in a foreign country, what country would be your top of mind? Most probably, your top rate wouldn’t include…

INRICACIES OF PRUDENTIAL REGULATION IN FRANCE. A GLANCE

Banking sector as any other sector of the country’s economy needs to be somehow regulated. There are a number of ways along which regulation can be directed. These include setting of market conduct rules or…

The Reserve Bank of New Zealand has definitely caused some trouble

It has led to a lot of discussions among economists, financiers and many others (lawyers are not an exception).  The bank has received 164 submissions. This degree of involvement in what could be found by…