Monthly Archives: January 2018

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ARE TPPs REQUIRED TO MEET AML COMPLIANCE?

AMLBy Nadja van der Veer January 5, 2018 1 Comment

As we move into 2018, the fourth European AML (Anti Money Laundering) Directive is effective. This has in fact, been the case since last summer. Some have called the upgrade the most sweeping European AML legislation changes seen in several years and many member states are currently working hard to implement the new obligations. And…

PSD2: LIMITATIONS TO THE LIMITED NETWORK EXCLUSION

PSD2By Nadja van der Veer January 1, 2018 Leave a comment

PSD2 Fact 6: Limitations to the Limited Network Exclusion Payment transactions based on a specific payment instrument within a limited network – for instance a chain of department stores or fuel cards – are outside the scope of the Directive. However, practice has shown that the exclusion often entails companies processing significant payment volumes and values…