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Slovakia Crypto License
In Slovakia, obtaining a crypto license requires registering a business with the Slovak Commercial Register and complying with the regulatory standards set by the Financial Market Authority. The process involves submitting a comprehensive application, which includes a business plan, AML/KYC policies, and detailed information about the company's key personnel and their qualifications. The authorit...
Path: LicensingSouth Africa Crypto License
...cies. The application process includes submitting a detailed business plan, risk management strategies, and information about key personnel. The FSCA assesses the application to ensure the business is financially stable and compliant with regulatory standards. Once granted, the crypto license allows the company to legally offer cryptocurrency-related services within South Africa, such as tradin...
Path: LicensingAustralia Crypto License
...ns by assessing the applicant's competence, financial resources, and ability to meet regulatory obligations. Note that licensing is a one-time assessment of the business, not its owners or employees. Holding an AFS licence ensures adherence to basic standards like training, compliance, insurance, and dispute resolution, but does not guarantee service quality.Timeframe: around 3 - 6 months ...
Path: LicensingCompliance deadline of January 2020: Crypto exchanges implement FATF anti-money laundering standards
It is September of 2019 but crypto exchanges are still looking for a solution as they need to implement a new set of compliance guidelines issued by the Financial Action Task Force (FATF). Digital asset service providers are required to come up with the solution before January 2020. Earlier this year, the FATF announced a Recommendation 16 which introduced the so-called “travel rule” requ...
Path: BlogHow did Brexit Affect Gibraltar Jurisdiction?
... secret that the UK and Gibraltar have a strong cooperation in the financial field. Motorist insurance is a very big part of economic cooperation of these countries. Authorized representatives of both countries confirmed that all legal and technical standards of the collaboration would be updated and changed according to the new rules. Formalization of Brexit will not affect Gibraltar’s access t...
Path: BlogLabuan FSA Tightens Money Broking Rules Amid Growing Industry
... confusion and paving the way for the use of digital technology in fintech innovation. * **Boosting Compliance**: Enhanced anti-money laundering (AML) and counter-terrorism financing measures have been incorporated to align operations with global standards and keep financial crimes at bay. * **Stronger Oversight**: Stricter monitoring, audits, and reporting requirements will now be part of t...
Path: BlogCan Bitcoin Replace Gold As the Safe-Haven Asset?
...o guarantee against inflation, and the devaluation of fiat currency and traditional equities in unstable markets. As the Bitcoin boom continues, it could overtake gold as a safe-haven asset. Nevertheless, evidence could be vague and show shifting standards in terms of direct correlation. Many reports have shown that Bitcoin’s connection to the price of gold had weakened as the trading volume ...
Path: BlogJapan and South Africa are to set new crypto regulations
...ulation and we hope that the clear guidelines in South Africa -- and globally -- could lead to wider adoption by enhancing stability and trust in the market,” said Marius Reitz, general manager in Africa for Luno. “Regulations will also raise standards and barriers to entry and weed out bad actors or service providers with a low regard and capability to safeguard customer information and mo...
Path: BlogFive Fundamental Changes in FinTech from FCA
...m the FCA** At this moment, instead of a simple exchange of the written communication between the case officer and the applicant firm, very often the FCA conducts interviews on a case-by-case basis to assess the key personnel more accurately. The standards to which the FCA benchmarks the applicant will become higher because of a more intensive assessment and greater scrutiny of the applicant’...
Path: BlogMauritius is set to rise as one of the best jurisdictions for global financial services once again
...n the 21st of October, 2021, right before the closure of FATF (Financial Action Task Force) Plenary, Marcus Pleyer, the President of an intergovernmental policy body that sets global Anti-money laundering and combatting terrorism financing (AML/CFT) standards and ensures the effective implementation of such standards in all jurisdictions stated the following: “after completing its action plan ...
Path: BlogFrom now on, Cryptocurrency Transactions are under strict AML regulation in Israel
...regulations constitutes real progress for the Israeli economy, the Fintech industry, and for improving financial competition to provide the public better services. The new regulations are designed to step into that space to establish order and clear standards,” Wegman said. The regulations are based on the standards established by the Financial Action Task Force (FATF). Most of the countries ...
Path: BlogVanuatu is Willing to Move Its Financial Dealers Onshore
...epping-stone on the path of the young republic’s ascendance as a top-tier financial industry. Since the 2010, Vanuatu has significantly upgraded its regulatory and monitoring systems, as well as its legal framework, arising them on par with global standards. The country is an active participant in all major global initiatives in the fight against tax evasion, money laundering and the financing o...
Path: BlogSeychelles FSA Introduces Updated Beneficial Ownership Guidelines
...y of beneficial owners, maintaining accurate records, and reporting suspicious activities. The FSA emphasizes the importance of these measures in promoting a secure and trustworthy business environment. By aligning its regulations with international standards, Seychelles aims to attract legitimate business and investment while deterring illicit activities. These guidelines also underscore the F...
Path: BlogThe Shanghai Free-Trade Zone: Development Plans
...ess will only grow. Investors, traders, businessmen will all have more possibilities to operate. Also, the more innovative your activity is, the more favorable climate you will have. • The Chinese government promises to implement European legal standards of investments and management. This is made inter alia for promoting other Chinese regions to implement the same norms and standards. •...
Path: BlogHow to Obtain a Crypto License in Saint Vincent and the Grenadines
...nd Terrorist Financing Regulations of 2014 Amendments and Codes of 2017 Anti-Terrorist Financing and Proliferation Amendment Act of 2017 These regulations align with the FATF guidelines and ensure that cryptocurrency businesses adhere to global standards for preventing money laundering and terrorist financing. Virtual Cryptocurrency Registry While SVG maintains a registry of companies, it...
Path: BlogEstablishing an Offshore Business: An Overview
...nsive Guide to Establishing an Offshore Business Offshorelicense has supported countless clients in establishing offshore firms around the world. However, the implementation of more stringent economic content requirements and improved onboarding standards by foreign banks in recent years has made the procedure more complicated. Offshore corporations, contrary to popular belief, are not jus...
Path: BlogDubai’s VARA Fines 7 Crypto Companies and Issues Cease-and-Desist Orders
...nesses comply with legal frameworks, including anti-money laundering (AML) rules and know-your-customer (KYC) requirements. While Dubai has embraced blockchain technology and crypto, it is also making clear that non-compliance with its regulatory standards will not be tolerated. This enforcement highlights the delicate balance that Dubai aims to strike between fostering innovation and ensuring ...
Path: BlogHow to Start Your Own Forex Brokerage Business
...lly, you will need a license. The licensing process varies by jurisdiction but typically involves: Preparing comprehensive company documentation Proving financial stability (e.g., minimum capital thresholds) Undergoing audits to meet regulatory standards A license not only ensures the legality of your operations but also builds trust with clients. 4. Set Up a Trading Platform Technologic...
Path: BlogEU and US propose legislative changes regarding digital asset industries
... CSBS’ program goal is to provide base for regulatory consistency across jurisdictions and both regulation purposes are to provide standardization, but the most important part of the rules is the European Commission’s objective to passport these standards across the borders of the EU. MiFID draft itself acknowledges the disparate state of crypto regulations in the EU. Few EU Member States h...
Path: BlogThe Online Gambling Sector: A Booming Business
...s an Online Gaming License Necessary? Getting an offshore gaming licence is a must if you intend to run any kind of online gambling business. Operating without a licence might put your company at serious danger and is against the law and ethical standards. Here's why acquiring an online gambling licence is crucial. The following are the main advantages of having an online gaming licence: ...
Path: BlogBritish Virgin Islands International Business Company Formation
Full tax exemption, flexibility, as well as solid reputation and high privacy standards of the jurisdiction make BVI BC a great option for virtually any corporate structure.Incorporation: 5 working days + delivery time for the courier (3-5 days) + 3 working days for the apostilled documents Minimum paid up capital: No minimum capital requirement Overview The Bri...
Path: CompaniesHong Kong Type 9 (Asset Management) License
For individuals and corporations seeking to enter the securities and futures markets of Hong Kong, the Securities and Futures Commission (SFC) is the gatekeeper of standards, administrating the SFO (Securities & Futures Ordinance). SFO stipulates regulated activity and provides detailed definition for each of them, Type 9 license covers the provision of a service to manage a portfolio of securiti...
Path: LicensingSingapore Crypto License
...te in Singapore, offering services such as digital payment token services, exchanges, and wallet services. Maintaining the license requires ongoing compliance with MAS regulations, including regular reporting, audits, and adherence to strict AML/CFT standards. Engaging with legal and regulatory experts who specialize in Singaporean financial laws can facilitate the application process and ensure c...
Path: LicensingEstonia Crypto License
...es due to its progressive regulatory framework. The Estonian Financial Intelligence Unit (FIU) requires crypto exchanges and wallet providers to obtain a Virtual Currency Service Provider license, ensuring compliance with KYC, AML, and cybersecurity standards. This structure provides stability and confidence for investors and businesses. Estonia’s efficient application process and digital inf...
Path: LicensingBulgaria Crypto License
...ion Commission (FSC). The application process includes submitting a detailed business plan, AML/KYC policies, risk management procedures, and information about key personnel. The FSC reviews the application to ensure the business meets the necessary standards for financial stability and regulatory compliance. Once approved, the license permits the company to legally operate crypto-related servi...
Path: LicensingCyprus Crypto License
...business plan, AML/KYC policies, risk management procedures, and information about the company's directors and shareholders. CySEC evaluates the application to ensure that the business meets financial stability, regulatory compliance, and governance standards. Once the license is approved, the company can legally offer cryptocurrency-related services such as trading, exchange, and custody withi...
Path: LicensingGeorgia Crypto License
...estination for cryptocurrency businesses due to its favorable regulatory environment and supportive government policies. The National Bank of Georgia oversees the regulation of crypto activities, ensuring compliance with local laws and international standards. To operate legally, crypto exchanges and related businesses must obtain a license, which involves meeting stringent requirements such as ro...
Path: LicensingKazakhstan Crypto License
...rable destination for cryptocurrency businesses due to its proactive regulatory framework and supportive government stance. The Astana International Financial Centre (AIFC) oversees crypto activities, ensuring compliance with local and international standards. To operate legally, crypto exchanges and related businesses must obtain a license from the AIFC, which requires adherence to strict anti-mo...
Path: LicensingNew requirements for Lithuania and UK EMIs
...nce Unit (FIU), will be obligated to clarify that the exchanges are licensed and until the receipt of the final authorization, are not able to accept funds that are generated from un-regulated activities. EMIs will reconsider their financial risk standards and management in the EU until more consistent legal framework will be provided by the EU Institutions and the FCA. Whether you are plann...
Path: BlogHow to Get a Crypto License in 2024
...d fraud, making this license vital for trust and security. Crypto Casino License A crypto casino license is required for operating an online gambling platform that accepts cryptocurrencies. This license ensures that the casino adheres to fair play standards and regulatory requirements, providing a secure environment for users.  celebrated its 70th anniversary. What happened and how business conditions will change in this region? We will analyze the newest tendencies and explain how business will develop in **LatAm** and the **Caribbean**. ...
Path: BlogShanghai Free Trade Zone: the updates
...t of the **Free Trade Zone (FTZ)** in China. Its development plan was released in November 2017. The main idea is to create a unique space in Shanghai where international and Chinese companies will be able to function according to the international standards. The Chinese government claims that the FTZ will be mostly governed by the European standards and rules. Therefore, the climate for forei...
Path: BlogGST and Excise Tax Revision in Belize’s New Budget
**Belize’s 2018 budget** brought significant changes for indirect **tax system**. These revisions are mostly directed at complying with the global taxation standards, therefore, concerning Goods and services tax (GST) and Excise tax. GST will change for internet data purchase. From now on, **12,5 % tax will be collected from everyone, apart from schools, who purchase internet data**. This a...
Path: BlogWill Bahamas be removed from the EU tax blacklist?
...ister negotiates removal of the territory from the list, the good name will be restored. Taking into account the above, before starting business in offshore jurisdiction, it is important to check if its provisions correspond with the BEPS minimum standards. This compliance means absence of harmful tax provisions, tax treaties, work on cross-border dispute resolution and prevention of tax abuse....
Path: BlogJersey initiates anti-money laundering review
Recently, 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 a...
Path: BlogA unanimous decision regarding Vanuatu delisting from FATF Grey List
...TF (Iraq) and APG (Vanuatu) as they continue to further strengthen their AML/CFT regime.* **FATF has taken off Vanuatu from its Grey List, nevertheless, Vanuatu remains under requirement to maintain its implementation efforts and comply with FATF standards.** It is necessary for Vanuatu to obey FATF rules and any adverse changes to governmental AML&CTF policy would likely result in its returnin...
Path: BlogDubai International Financial Center is planning to launch the world's first blockchain court
... to deliver courts as a service, powered by technology and extended through cooperation agreements and alliances. By harnessing blockchain technology, Dubai will be firmly positioned at the forefront of LegalTech and judicial innovation, setting the standards for countries and judiciaries to follow.”* In accordance with the DIFC, its Courts are now collaborating with Smart Dubai on a numerous...
Path: BlogCySEC Requires to Follow Recently Introduced FATF’s Policies
...ering and terrorist financing threats and vulnerabilities arising from the world-wide crisis. The FATF released its risk and responses Paper for COVID-19-related financial crimes in May, mentioning several recommendations for maintaining AML and CFT standards. Paper is based on papers shared on 7 and 23 April with the FATF Global Network of FATF Members and FATF-Style Regional Bodies (FSRBs), ...
Path: BlogTierion: utilizing the bitcoin blockchain to verify documents
...known for his role leading the Microsoft Azure Identity team. Microsoft executives hope to corner the financial, insurance, and healthcare sectors with their new blockchain-based platform. The protocol’s design matches the complex operational standards of these types of business systems. The team coined the term non-repudiation, the inability to deny something’s validity, to describe how ...
Path: BlogICO vs IPO. Main differences
...e of business. In contrast, ICO’s are usually executed with the intention to raise first investments and enter the market. 2. II) **Documentation**. A legal document which is necessary for an IPO is called “prospectus”, it must follow precise standards and requirements. On the other hand, ICO’s have a document in the form of a white paper, this document only outlines the conceptual frame...
Path: BlogBahamas issued guidance related to financial crimes prevention
... is aimed to deliver instruction on financial crime-related risk management at the business and client levels. The aforesaid document also helps in implementing of anti-money laundering measures and countering the financing of terrorism (AML/CFT) standards of the Financial Action Task Force (FATF), the global AML/CFT standard implementation. This contains instructions on implementing a risk-bas...
Path: BlogMalaysia is planning to regulate initial coin offerings as securities offerings
... a complete legal framework on digital assets before the end of Q1 2019. The Commission replies on this: *“The guidelines will among others, establish criteria for determining fit and properness of issuers and exchange operators, disclosure standards and best practices in price discovery, trading rules and client asset protection.”* **The relevant companies, dealing in digital assets...
Path: BlogOTC derivatives regime to be updated in Hong Kong
...aper consists of various recommendations related to supervision and monitoring of marketing conduct. Recommendations, first of all, are aimed at management of specific risks related to OTC derivatives. The regulator referring to the international standards is planning to introduce mandatory reporting obligations in Hong Kong, whereby a specific type of OTC derivative transactions should be intr...
Path: BlogNew Legal Framework for Forex Brokers in Saint Vincent and the Grenadines
...e FSA is aiming to have such legislation in place before the end of 2020. SVG is not considered as a forex hub but the new regulations could be positive for the industry, as it will discourage scammers from using SVG as a base, as well as improve standards for the industry and perhaps, attract more legitimate companies. By introducing new regulatory framework, FSA ensures that SVG continues ...
Path: BlogSouth Africa’s Introduction to Crypto Regulation
...ypto business activities. According to policy it is recommended that crypto assets remain without legal tender status and not be recognized as electronic money. It’s been noticed that South Africa research and adopt international cryptocurrency standards. New policy will enforce the Financial Action Task Force’s (FATF) new technologies anti-money-laundering and Travel Rule recommendations, ...
Path: BlogSouth Korea enforcing crypto rules
...Service widened the scope of its accounting practices by including the virtual currency exchange platforms. As explained by the Korean top financial regulator, the present legal measures will lead to the transparency and fulfillment of international standards. Read our blog to keep abreast of all actual and interesting technology news.
Path: BlogChina to become the first country to issue state-owned cryptocurrency
...tocurrency ban which is still in effect. It worth noting that despite the digital currency is still formally banned in China, the government passed new crypto regulations which will come into effect on January 2020. The regulations introduce new standards for the function of cryptography. However, such positive announcements and developments in relation to the blockchain technology do not n...
Path: BlogHong Kong introduced new rules for Virtual Asset Fund Managers
...ontrolling virtual asset portfolios.** New terms and conditions released by Hong Kong’s Securities and Futures Commission (SFC) have emerged in the light of increasing concerns about the risks associated with investing in crypto assets. Regulatory standards for virtual asset fund managers provide detailed guidance on risk management, segregation of assets, custodianship, funds structure, and oth...
Path: BlogBusinesses will be required to meet criteria of physical presence in Belize
**The House of Representatives of Belize has recently passed three bills to organize offshore regulations in order to be compliant with European standards.** The bills scheduled at the session included amendments to the International Business Companies Amendment Act, the Income and Business tax Amendment Act, and the Stamp Duties Amendment Act. During the last few years Belize had tense relati...
Path: BlogFrom now cryptocurrency will be under AML rules in Thailand
...rder to prepare for this, the secretary-general plans to amend local legislation and bring cryptos into the AML regime. The aforesaid process will start with the Anti-Money Laundering Act. **Changes shall be made in accordance with international standards on crypto exchange service providers, hence cryptocurrency exchange platforms will have to report their financial activities to the AMLO.** ...
Path: BlogCySEC proposes three levels of leverage for retail clients
...e clients. In addition to the above, the regulator suggested a prohibition of marketing, distribution, and sale of leveraged CFDs on crypto assets to retail clients. CLIENT PROTECTION According to the Head of CySEC, Demetra Kalogerou, the standards in the sphere of marketing, selling and distributing retail contracts for difference has tightened greatly. *“Temporary product interve...
Path: BlogFINMA provides guidelines on "stablecoin"
... borne by the project issuing ‘stablecoins’, and not the holder of the ‘stable coin’. Without meeting such condition, the payment system license would not be granted to the applicant. Payment systems in Switzerland adhere to international standards prescribed in the Principles for Financial Market Infrastructures (PFMI) and, beyond that, PFMI also cover cyber risks management. As an...
Path: BlogUK government has stopped tax data exchange with Russian Federation
...ave an established “high-quality exchange of tax information on requests” system, as well as an automatic exchange of cross-country reports (CbCreporting) in accordance with the Multilateral Convention on Administrative Assistance in Tax Matters standards. An automatic exchange system of tax information (Common Reporting Standard, CRS) was created by the Organization for Security and Cooper...
Path: BlogSEC representative "hopes" Bitcoin ETF will be approved
...hed interview Robert J. Jackson Jr., a commissioner at the U.S. Securities and Exchange Commission (SEC), has announced his expectations regarding bitcoin Exchange-Traded Fund (EFT). He hopes that soon the time will come and someone will satisfy the standards set by the SEC. As you may know, there was a number of bitcoin-based ETF proposals filed with the SEC in order to receive permission, but...
Path: BlogCyprus Audit Services
...ower than the EU average. Under the Cyprus Companies Law, all companies must have their financial statements audited and signed by a Cyprus registered auditor. The law requires that the audit is conducted in accordance with International standards on Auditing (ISAs). All Cyprus registered companies are required to file an annual return accompanied with their annual audited financial st...
Path: AccountingMauritius Accounting Services
...tax resident in Mauritius. Foreign income from international business activities are taxed at minimum 3%. All companies in Mauritius (with exceptions) must prepare financial statements in accordance with International Financial Reporting standards to be compliant with the local financial authorities. Also, some companies in this jurisdiction are obligated to submit quarterl...
Path: AccountingMauritius Audit Services
...hat are subject to annual audit, therefore, providing internal and external monitoring of the companies’ operations. The financial statements that are subject to audit must be prepared according to the International Financial Reporting standards. The audit is done by the appointed external auditor. Services Offshorelicense provides audit assistance services. T...
Path: AccountingLabuan Audit Services
...ill give you more free time to grow your business. Our services comprise the following: Statutory audit of annual or interim financial statements in accordance with local statutory requirements and International Financial Reporting standards (IFRS) under ISA (International standards on Accounting); Audit of consolidated financial statements in accordance with applicable legisla...
Path: AccountingNetherlands Audit Services
...ill give you more free time to grow your business. Our services comprise the following: Statutory audit of annual or interim financial statements in accordance with local statutory requirements and International Financial Reporting standards (IFRS) under ISA; Audit of consolidated financial statements in accordance with applicable legislation and corporate reporting requirement...
Path: AccountingBulgaria Audit Services
... of doing business and great access to different markets. The Bulgarian Accountancy Act requires that financial statements of those entities meeting certain criteria be audited by a registered auditor. It also requires that International standards of Auditing should be applied and the auditors would be regulated by the Bulgarian Institute of Certified Public Accountants. Se...
Path: AccountingHong Kong Audit Services
... hold a Practicing Certificate issued by the Hong Kong Institutes of Certified Public Accountants (HKICPA). The auditors of Hong Kong incorporated companies usually perform their audits in accordance with the auditing and quality control standards issued by HKICPA, which has a policy to achieve convergence of the Hong Kong auditing and quality control standards to the international aud...
Path: AccountingLabuan Accounting Services
...buan offers more flexibility of corporate tax and audit, tax incentives, easy management as the company can operate in a currency of their choosing. Labuan financial institutions are allowed to adopt any accepted international accounting standards including issued Financial Reporting standards (FRS) issued by Malaysian Accounting Standard Board (MASB). In the Federal Territory of Labua...
Path: AccountingVanuatu Audit Services
...ill give you more free time to grow your business. Our services comprise the following: Statutory audit of annual or interim financial statements in accordance with local statutory requirements and International Financial Reporting standards (IFRS) under ISA; Audit of consolidated financial statements in accordance with applicable legislation and corporate reporting requirement...
Path: AccountingGibraltar Accounting Services
...pt certificate that gives 25 years guarantee of exemption from taxes in Gibraltar; The only EU finance centre exempt from value added tax (VAT). However, at the same time as a British Overseas territory, Gibraltar undertakes similar reporting standards as The United Kingdom as the company should submit Annual Return statement, Annual Accounts and Tax returns. Services ...
Path: AccountingBulgaria Accounting Services
...Union, Turkey, CIS, Middle East and North African markets. Bulgarian accounting requirements are governed by the new Accountancy Act (AA) and the main criteria for its application to companies is either the use of International Financial Reporting standards (IFRS) adopted by the European Union, or National Accounting standards (NAS) of Bulgaria. All enterprises are required to prepare their an...
Path: AccountingAlderney Gambling License
...mission (AGCC) has developed and maintains a high reputation for eGambling business in Alderney and around the globe. Companies holding licenses or certificates in Alderney possesses a trustful image and it is thanks to the investigation process and standards maintained by AGCC. For online gambling operating purposes AGCC offers various licenses and certificates and each of them offers their ho...
Path: LicensingCyprus Limited Liability Company Formation
...S A Cyprus Company must submit audited financial statements to local tax authorities and the Registrar of Companies. The Company Law requires that a Cyprus Company maintain proper accounting records in accordance with the International Accounting standards. The first reporting period can be up to 18 months from the date of incorporation and thereafter financial statements must be prepared annua...
Path: CompaniesUSA Nevada Limited Liability Company Formation
...;USA Nevada Limited Liability Company: - An LLC can distribute profits in any manner described in the LLC agreement, regardless of ownership share - The structure of the LLC does not provide for a Board of Directors - The relaxed reporting standards mean companies registered in Nevada are not required to file annual accounts General information Company structure Only one single...
Path: CompaniesLimited Liability Company in Lithuania
...n Lithuania is 21% Registered office Required Company name Letters: Only Latin letters Company name is restricted to be identical or similar that of an existing company Company name should comply with the legal and linguistic standards of Lithuania The name of the public limited liability company must include the words “akcinė bendrovė” (public limited liability com...
Path: CompaniesLPB Bank Account Opening
...at is why the Bank, on a regular basis, carries out measures to prevent money-laundering and terrorism financing in order to ensure that Customer account operations are in compliance with the requirements of Latvian legislation and the international standards in this area. LPB Bank was founded in 2008.Payment processing options MasterCard N.B. Bank may change its tariffs at...
Path: BanksLPB Bank Account Opening
...at is why the Bank, on a regular basis, carries out measures to prevent money-laundering and terrorism financing in order to ensure that Customer account operations are in compliance with the requirements of Latvian legislation and the international standards in this area. LPB Bank was founded in 2008.Payment processing options MasterCard Restrictions: N.B. Bank may chan...
Path: BanksCuracao Gambling License
...ivities of the legal entity must contribute to the economic growth of Curaçao either by generating foreign currency or employment; The financial statements of the entity are required to be drawn up in accordance with generally accepted accounting standards and need to be reviewed by a qualified auditor; Transfer price calculations for goods and services rendered in inter-company relations sho...
Path: LicensingMalta Gambling License
...ype operators but operating on a third-party platform duly licensed by the MGA Some benefits of Malta Gambling license: Stable legal framework offering protection both for licensed operators and online players High anti-money laundering standards Onshore status for Maltese remote gaming companies General information Company structure At least two shareholders (may be indiv...
Path: LicensingBahamas Payment Services Provider License
...he Payment Systems Act, 2012 and the Payment Instruments (Oversight) Regulations 2017, as well as for regulation and supervision of payment instruments, including electronic money products. The Central Bank has a duty to promote and maintain high standards of conducting and management of payment services. The Central Bank, through the Research Departments, monitors the compliance of licensed en...
Path: LicensingFiji Foreign Exchange Dealer License
... maintain financial stability within the country. Importance of the License: Obtaining a Foreign Exchange Dealer License is crucial for Forex brokers and companies aiming to operate in Fiji. This license requires adherence to RBF’s regulatory standards and compliance protocols. Once licensed, entities can legally engage in Forex trading within Fiji, ensuring all activities align with the na...
Path: LicensingUnited Arab Emirates Accounting Services
...s need to deal with quarterly VAT submissions as well. Also, as there is a need for businesses in The United Arab Emirates to submit audited statements, the company needs to prepare their Financial accounts according the upheld reporting standards of the country. Services Offshorelicense provides both full and partial online accounting services. Trusting the tea...
Path: Accounting