Veca is a financial services regulation expert advising banks, e-money institutions, payment institutions, businesses and entrepreneurs on all aspects of e-commerce focusing in particular on payments and e-money regulation.
Veca also advises on consumer protection, anti-money laundering and data protection issues. Examples of the projects Veca has advised on include EU and ROW multi-jurisdictional introduction of a variety of financial and payments products including regulated stored value products such as prepaid cards and e-wallets, gift cards, loyalty schemes, online marketplaces, and innovative payment solutions such as contactless devices and wearables. Veca has also assisted clients with understanding local licensing requirements in numerous jurisdictions around the globe as well as the corresponding safe harbours from local regulation.
Veca sat on several committees including the European Banking Federation’s committee developing the original industry guidance on PSD2. Veca continues to be involved in lobbying of local regulators and EU institutions on a variety of payments issues.
Veca also provides legal services through our sister law firm FM Legal (also known as Flawless Money Legal).
- E-money and Payments
- Consumer Protection
- AML and Financial Crime