Fintech Archives - KASSAILAW

Direct listing is the way to go public for FinTech companies – or is it?

Reading Time: 7 minutesIn 2019, the world was trying to understand the reasons for the IPO shortage among FinTech companies and the potential solutions to it. Here we are, merely two years later and FinTech companies are breaking one record after another. In 2020, a...

Crime reversed: AMLD6 challenges compliance teams but leaves no mercy for criminal

Reading Time: 10 minutesIt’s been less than a year since the Member States of the European Union had to cope with transposing the Fifth Anti-Money Laundering Directive (AMLD5) into their national legislation, meaning that many market actors, such as cryptocurrency...

How AML compliance processes are challenged by the virus and what you need to consider: The criminal side of Covid-19

Reading Time: 9 minutesWuhan virus, coronavirus or, as it is officially called, Covid-19, whatever you call it, we all know what we mean: the invisible creature that has turned the whole world upside down in recent months and does not seem to want to leave. How...

Biggest money laundering scandals in history

Reading Time: 10 minutesAccording to the United Nations Office on Drugs and Crime, the estimated amount of money laundered annually is between $800 billion – $2 trillion, that is 2-5% of global GDP. While this margin is huge, even the lower figure is serious and...

The functioning and non-functioning of FIUs

Reading Time: 10 minutesHow did FIUs come to be and what are they? Creating and establishing an effective framework to fight against money laundering and terrorism financing is challenging, and it became even so in modern times. When starting to develop their modern...