Skip to main content

Payment services and financial regulation

LEGAL ART also provides legal advice to entrepreneurs operating in financial sector and has extensive experience in issues related to the protection against money laundering and financing of terrorism (AML) in relation to payment institutions and other regulated entities.

Our lawyers were involved in obtaining a license to provide payment services for several entities and subsequently participated in the process of changing the issued license, implementation of new products and new business models.

  • Preparation of analyses, opinions, and legal analyses in the field of provision of payment services
  • Representation of clients before the National Bank of Slovakia, communication with the National Bank of Slovakia during changes in organizational structure, mergers, with emphasis on compliance with obligations pursuant to the Payment Services Act, including advice and drafting necessary documentation
  • Representation of clients in inspections before a regulatory body

SELECTED REFERENCES:

  • Comprehensive legal advice for a payment institution operating within the EU
  • Preparation of complete contractual documentation for a payment institution, including general business terms and conditions for users of payment services
  • Comprehensive legal advice to a client who was the first in the Slovak Republic to obtain a license for the provision of payment services PSD2
Contact Us