Flawless Money has managed more than 50 applications for regulatory authorization for both new entrants to the e-money and payments market as well as existing players

Our full-service authorisation package can be tailored to support applications in all EU member states and includes:

  • 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

This process can also support variations of permissions for existing authorised entities and will, in both instances, utilise Flawless Money’s full range of expertise that distinguishes us from our competitors.

We also offer practical assistance to facilitate the establishment of the applicant business, including incorporation, legal, and recruitment services.