Flawless Money advise on the issues that are critical to the payments sector
Our regulatory consultants advise international and domestic payment service providers, including banks, payment institutions, e-money institutions and other businesses wishing to offer payment products. We have extensive experience in assisting firms with compliance obligations arising from UK and EU payments and e-money rules. Through our well-established relationships with local law firms around the globe, we also offer ROW multi-jurisdictional solutions for international firms. Our objective is to assist clients in integrating their compliance policies on a global basis minimising operational variations wherever possible.
Payment services ▼
Our consultants advise international and domestic payment service providers. We have incomparable expertise in assisting firms with compliance with obligations under UK and EU payments rules.
We have been at the forefront of the electronic money regulatory space, advising on innovative legal and regulatory approaches to allow businesses to operate on a pan-European basis.
AML and Financial Crime ▼
Our team comprises consultants with extensive experience of AML & CTF regulations in multiple jurisdictions both in the UK and EU as well as the ROW.
Authorisation applications for new entrants ▼
Our managing director, Dr Thaer Sabri, advised on and successfully obtained the first UK e-money authorisation in 2002 and has since advised and obtained authorisations for most of the current UK e-money issuers.
Crypto Assets ▼
Our experts have an international in-depth knowledge of the market including best practice for processes and connections with industry bodies to help clients navigate potential risks within this exciting industry.
This DG FISMA/VVA/CEPS study contributes to the review of the PSD2 by assessing whether the introduction of the PSD2 helped reach the five general objectives identified in the European Commission’s impact assessment.
The European Banking Authority (EBA) published three Q&As that, jointly with three other Q&As that the EBA had published previously, clarify comprehensively the application of strong customer authentication (SCA) to digital wallets under PSD2.
In a new report, Scam reimbursement: pushing for a better solution, the cross-party Committee of MPs criticises the painfully slow implementation of mandatory reimbursement for fraud victims, and objects to new proposals by the regulator which would hand the refund process to an industry body.