Author: p400123

ZuFinG II: New Regulations in the Payment Services Supervision Act (ZAG)

The Second Future Financing Act (ZuFinG II) brings significant changes in the Payment Services Supervision Act (ZAG). These reforms aim to enhance the safeguarding of customer funds and establish a clear legal foundation for the protection of the funds of payment service users and e-money holders. Below are the key adjustments summarized. Objectives...

Designing and Evaluating Corporate Compliance Programs: Key Insights from DOJ Guidance

Designing and Evaluating Corporate Compliance Programs: Key Insights from DOJ Guidance The document “Evaluation of Corporate Compliance Programs” provides detailed guidance for prosecutors to assess the effectiveness of compliance programs in companies. It is based on the Principles of Federal Prosecution of Business Organizations...

Obligations for Investment Brokers – Clear Delimitation by the BGH August 2024

BGH Ruling August 2024: Obligations for Investment Brokers – Clear Delimitation by the BGH The Federal Court of Justice (BGH) provided clarity in August 2024 with a landmark ruling (III ZR 73/23) regarding the obligations and liabilities of investment brokers. This ruling, particularly significant for investment brokers, specifies the scope...

Compliance-Ready: How to Implement the Latest Regulations Safely and Efficiently

Compliance-Ready: How to Implement the Latest Regulations Safely and Efficiently Compliance regulations are becoming increasingly complex. Whether it’s ESG, data protection, or regulatory requirements – it is crucial for companies to stay up to date. Being Compliance-Ready means not only minimizing legal risks but also working efficiently...

AML-Ready: How to Optimally Prepare Your Business

AML-Ready: How to Optimally Prepare Your Business for Money Laundering Prevention The requirements for businesses in money laundering prevention are becoming increasingly stringent. Instead of seeing regulations as a burden, you can use them as an opportunity: Being AML-Ready not only means being compliant but also building trust and enhancing...