While financial institutions, on the one hand, are in the process of implementing and preparing to apply the fundamental amendments and changes that will take place in upcoming years by the EU AML Package—entering into force...more
5/15/2025
/ Anti-Money Laundering ,
BaFin ,
Enforcement Actions ,
EU ,
Financial Institutions ,
Germany ,
Penalties ,
Regulatory Oversight ,
Regulatory Requirements ,
Reporting Requirements ,
Suspicious Activity Reports (SARs)
Background – CRR III introduces a new transitional framework for the prudential treatment of exposures in crypto-assets. The new framework is applicable to credit institutions as of 9 July 2024 and includes own funds...more
In an effort to further facilitate your navigation through the complex landscape of digital securities, we have taken the initiative to translate an essential piece of German legislation – the Act on the Introduction of...more
6/17/2024
/ Cryptocurrency ,
Document Management ,
Electronic Filing ,
EU ,
Filing Requirements ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
Registration Requirement ,
Regulatory Requirements ,
Required Documentation ,
Securities
In an effort to further facilitate your navigation through the complex landscape of digital securities, we have taken the initiative to translate an essential piece of German legislation – the Regulation on Requirements for...more
6/17/2024
/ Cryptocurrency ,
Document Management ,
Electronic Filing ,
Filing Requirements ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
Registration Requirement ,
Regulatory Requirements ,
Required Documentation ,
Securities
The Directive (EU) 2021/2167 sets out a harmonized regulatory framework for services in relation to non-performing loans and has to be implemented by Member States by 29 December 2023. In Germany, the draft bill of the Credit...more
8/4/2023
/ Banking Sector ,
Creditors ,
Debt Collection ,
Debt Collectors ,
EU ,
EU Directive ,
European Commission ,
Financial Institutions ,
Financial Services Industry ,
Germany ,
Loan Servicer ,
Member State ,
Regulatory Requirements
On 29 June 2023, the Regulation (EU) 2023/1114 (the "MiCAR") entered into force. The MiCAR will apply from 30 December 2024, except for Titles III and IV, which will apply from 30 June 2024. The MiCAR introduces a new,...more