Complying with anti-money laundering and counter-terrorist financing (AML/CTF) regulations is one of the most serious challenges faced by payment service providers and e-money issuers

Flawless Money’s regulatory and compliance consultants provide help in the following areas:

  • Providing expert advice on the lawful grounds for processing personal data, including special categories of personal data
  • Providing expert advice on the increased obligations relating to obtaining the consent of the data subject and recommending best practices
  • Preparing and drafting GDPR compliant privacy notices concerning the greater transparency requirements under the GDPR
  • Advising on new and enhanced rights for individuals
  • Preparing and drafting GDPR compliant contracts with data processors, including the transfer of personal data across international borders or outside the EU/EEA
  • Providing expert advice on breach reporting obligations
  • Advising on strategies to incorporate the principles of privacy by design and privacy by default into a new product
  • Providing expert advice and expertise on enforcement, available remedies and a firm’s liability under the GDPR