Our
experience

For our client, during regular legal advice, we developed documentation for an anti-money laundering and counter-terrorist financing system (hereinafter “AML/TF system”, maximum penalty for violating those laws may result in financial penalty up to 5 million EUR).

As part of our ongoing cooperation with a client, a small payment institution, providing payment services including issuing of credit cards and providing payment credit to consumers, we represent the client in the proceedings for obtaining a license to provide payment services as a national payment institution.

We represented our client, an innovative utility provider in the proceeding for entry into the register of small payment institutions to enable the client to accept payments for e-commerce services provided. The client already provides its services through a mobile app and intended to enable users of the app direct payment for utility services.

The firm continues to work with the client on the project allowing customers of online stores to use deferred payments (Buy Now, Pay Later, BNPL) and a wide range of consumer loans provided by both banking entities and non-banking institutions.

We provide ongoing legal services to our client who provides consumer credit as a lending institution. The legal services include performing compliance functions in areas of the company’s operations, including legal advice on personal data protection and anti-money laundering and terrorist financing.

We began our cooperation with the client with establishing a limited liability company in accordance with the regulatory requirements for operating as a lending institution and obtaining registration in the register of lending institutions.