Publications

Another victim of the fight against money laundering in the Baltic States, the Baltic States remains a dangerous zone for banks and financial companies, and proof of this is another fine to a local bank. This time, the Latvian bank Signet Bank received a fine of 906,610 euros for violations of anti-money laundering (AML) requirements. Attention of financial regulators to the activities of the Baltic […]

A new era of cryptocurrency companies For several months now, the Estonian regulator has been revoking licenses from cryptocurrency companies. All owners of crypto exchanges are concerned about such innovations. Let's try to figure out why the "crypto-sweep" began in Estonia? When the first companies lost their licenses for crypto operations, everyone unanimously confirmed that this was due to new changes in the EU anti-money laundering legislation […]

What license is needed for the Copy Trading platform? Such type of services as copy trading is becoming a very popular addition on various financial platforms. Companies that provide their clients with the opportunity to copy trades of experienced traders gain a significant competitive advantage over simple brokers by attracting more clients. What license is needed to carry out copy trading? The answer to this question is not always unambiguous! In this […]

Singapore has been attracting investors and businessmen from all over the world for many years. Many technological fintech startups launch their projects in Singapore. They like the simplicity of registering a company, the ease and openness of doing business, the ideal tax regime and all kinds of financial benefits. Singapore's leadership in the international competitiveness rankings of countries is explained by its incomparable advantages over other countries and jurisdictions […]

On August 31, 2020, the international payment system PayPal stops internal transfers in Russia. What does this mean for business and for ordinary people? The PayPal website says that Russian users are no longer able to transfer money across Russia to both companies and individual users. The payment service is preparing a reorientation to international payments. Any user will be able to use the services […]

Premium solution for international business Pay attention to Hong Kong, one of the most popular and sought-after destinations for doing business. Hong Kong over the past couple of years has not just expanded its borders for international business, but also hit the jackpot. A huge number of startups are registered in Hong Kong: WeLab, Aqumon, Asia Pay, PayMe and Ofo. Hong Kong is becoming a real Asian startup hub, […]

Antwort Law Practical Experiment (Part 1) We should immediately note that we will NOT talk in this publication about what copyrights are, how the content on the website relates to them, what value it represents and what theoretical methods of copyright protection for content exist – enough has already been written about this. BUT if you encounter […]

The Baltic countries have been used for many years by businessmen from all over the world as a window into the banking world of Europe. Geographical proximity to the CIS and widespread knowledge of the Russian language by residents of the Baltic countries have made opening accounts in banks in Estonia, Lithuania and Latvia a very popular solution for entrepreneurs from the CIS and, especially, Russia. An additional cherry on the cake has always been inexpensive service, simplicity […]

  "The main offshore of Russia" stops working? Cyprus is a very popular country for structuring international business. Especially Cyprus, with its low taxes for local companies and trusts to preserve confidentiality, businessmen from the CIS like to use. Cyprus is often a connecting link through which capital is transferred from CIS countries to offshore and back. In particular, according to the Central Bank […]

The Dutch Senate has passed a law on the introduction of the register of ultimate beneficiaries of owners of legal entities (UBOs). The new register will contain all personal information about the ultimate beneficial owners of legal entities in the Netherlands. Such innovations are a clear echo of the recent changes in the AML policy of Europe. In the Netherlands, the register will be part of the Chamber of Commerce and Industry's trade register. Some information about the beneficial owner […]