Monthly Archives: May 2020
The problems of European FinTechs with regulatory authorities are currently almost endless. Now the Australian iSignthis also seems to have problems with AML. At least its Cyprus-based subsidiary iSignthis eMoney Ltd, an e-Money Institution regulated by the Central Bank of Cypris is currently suspended in the VISA network because of AML problems. Allegedly only a formal error says CEO John Karantzis.
COVID-19 Aftermath – First Class Action Against the Austrian Republic rings the bell for litigation business
The COVID-19 emergency measures of Governments may have saved the lives of many old people but certainly, they have brought the unemployment rate and the number of bankruptcies to the highest level since World War II. It was entirely logical that these partially unconstitutional measures would arouse the interest of lawyers and litigation finders.