OK, so we all know that from May 25th 2018 the new General Data Protection Regulation (GDPR) comes into effect and that there will be significant legal changes relating to how organisations can use and store personal data. Currently, reports and articles seem to appear on this topic daily and companies start to understand the…
The introduction of manifold legislative changes to the way that organisations gather, retain and use personal data is now just weeks away. This is of course, the new Euro-wide GDPR requirement which comes into play on 25th May. Unless you have already taken the time to drill down into the detail, you may not be…
Cryptocurrencies are currently being given many names. And with no agreed approach to naming and status between Governments and their supervisory bodies, it can be very confusing for the user. Or COINfusing, if you like! What’s in a name? Here are some of the names and titles currently given to online currencies: They are…
PSD2 Fact 7: Commercial Agent Exemption – Impact for Marketplaces and Other E-Commerce Platforms? E-Commerce offers consumers and retailers a powerful digital platform which connects online sellers with potential buyers. Market leaders, such as Bol.com, Google Play, Alibaba, Amazon and innovating disruptors such as Uber and AirBnB are great examples of successful international digital platforms…
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 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…