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Jersey initiates anti-money laundering review
...ecently, Jersey started to implement **international anti-money laundering and counter-financing of the terrorism standards**. Due to this, the **Jersey Financial Services Commission** initiated the first stage of the review and assessment process. risk assessment will be based on collection and analysis of data from the licensees. How are the collection and analysis conducted? First of all...
Path: BlogCyprus Securities and Exchange Commission (CySEC) accepts new policy for Crypto-Asset providers
...uties and the other two being non-executive directors. Also, the majority of the Board has to be permanent Cyprus residents and appropriate knowledge, experience and competence for them is a must. • Administrative, accounting, internal control, risk assessment, digital processing of data systems and confidentiality of data are required to be at the top-notch level. • Also, in order to e...
Path: BlogHead of the Estonian Financial Watchdog Endangers Crypto License Holders
...iety. He stated: “Their only goal is to get an Estonian license and use it to turn over very large sums, while Estonia gets nothing out of it.” Moreover, the Estonian watchdog has already revoked 1,808 crypto licenses in year 2020. However, a risk assessment performed by the authorities found that changes made up to that point were not enough to mitigate the risks. **Maeker Background** ...
Path: BlogHow to Obtain a Crypto License in Saint Vincent and the Grenadines
...providing flexibility for international entrepreneurs. Stage 2: Fulfill Mandatory Requirements (1 Month) AML/KYC Policies: Develop and implement comprehensive Anti-Money Laundering (AML) and Know Your Customer (KYC) policies and procedures. risk assessment: Conduct a risk assessment to identify and mitigate potential compliance issues. Appoint Officers: Appoint a Money Laundering Reporti...
Path: BlogGibraltar Crypto License
... GFSC The application process involves several steps: Initial Consultation: Engage with the GFSC for an initial discussion. Submission of Application: Prepare and submit a comprehensive application, including business plans, risk assessments, and compliance policies. Assessment: The GFSC reviews the application, conducts interviews, and may request additional information...
Path: Licensing