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MiCAR compliance for crypto asset service providers

Navigating MiCAR: Key Steps for CASP Authorisation

fintech compliance fintech news
Published ago

The Markets in Crypto Assets Regulation (MiCAR) is reshaping the landscape of EU crypto regulation, with a focus on fostering innovation while ensuring consumer protection. Starting December 30, 2024, crypto asset service providers (CASPs) in the EU must secure authorisation to continue operating across the EU. A transitional period runs until December 29, 2025, for existing virtual asset service providers (VASPs) to operate without a MiCAR licence. CASPs must meet stringent regulatory requirements, including governance, client asset protection, transparency, and anti-money laundering (AML) compliance. Early engagement with regulators is key to successfully navigating the authorisation process. Get in touch for a free consultation and ensure your business is MiCAR-ready!

Croatia is on the FATF grey list. What’s next?

fintech news
Published ago

Croatia’s addition to the FATF Grey List raises concerns for fintech companies, but it doesn’t signal a major risk. The Grey List highlights deficiencies in a country’s AML framework, but it doesn’t classify it as high-risk. For fintechs, the main concern is ensuring proper sanctions screening, which is already a standard requirement.

What to avoid:

Conducting unnecessary gap analyses or risk assessments.
Doing enhanced due diligence for all Croatian customers.
Running separate country risk assessments.
Stay focused on key compliance areas to save time and resources. For more advice, reach out at advisory@complianceaspect.com.

"Boost Your Fintech Career: Essential Tips for Compliance Professionals to Stand Out.

CV Tips for Compliance Professionals: Adding Value in Fintech

compliance career fintech compliance
Published ago

Are you unable lo land a job in fintech compliance? As someone who interviews compliance professionals, let me share some insights. Spice up your CV with impactful phrases, not generic responsibilities. Embrace a growth mindset to think outside the box. Don’t just identify risks; provide practical solutions. Avoid burdening yourself with unnecessary requirements. Be confident and make decisive moves in the fast-paced fintech world. Stand out, adapt, and demonstrate your value.

Understanding Risk Acknowledgment in Fintech Compliance: Why It Matters

fintech compliance
Published ago

Explore the essential role of risk acknowledgment in fintech compliance. Learn why it’s a must-have process for organizations navigating regulatory requirements. Discover the practical advantages it offers, including early identification and mitigation of risks, promoting transparency and accountability, and fostering positive relationships with regulators. By embracing risk acknowledgment, you can safeguard your business, ensure compliance, and establish a solid foundation for sustained success in the ever-evolving fintech industry. Join us as we delve into the core principles of risk acknowledgment and its tangible benefits for your compliance.

How to review SaaS agreements in fintech faster?

fintech compliance
Published ago

In the evolving fintech sector, mastering SaaS agreements is vital for compliance professionals. Understanding these intricate contracts is key to avoiding costly errors and establishing beneficial partnerships. Our guide comprehensively explores essential factors to review in SaaS agreements – service descriptions, pricing terms, data protection measures, and negotiation strategies. Improve your SaaS agreement review process, secure optimal business terms, and navigate the complex landscape of fintech confidently.

What compliance certification is right for me?

compliance career
Published ago

Compliance certifications are becoming increasingly popular in today’s business world. Regulators and customers alike are demanding that companies maintain a certain level of compliance and trustworthiness, and certifications are often seen as a way to demonstrate that a company is committed to these values. However, Read more…