How should VASPs prepare for a GIIF control?
Virtual Asset Service Providers (VASPs, also referred to as CASPs – Crypto Asset Service Providers) in Poland are subject to stringent...
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How is the GIIF's on-site control of AML/CTF institution carried out?
The General Inspector of Financial Information (GIIF) plays a crucial role in ensuring compliance with anti-money laundering and...
Divorce pending and the husband's lover moves into the shared flat... can this be counteracted?
The situation in the above headline may seem unimaginable, but life also writes such scenarios. The complete breakdown of the marital...
Qualified outsourcing in Polish payment services
Outsourcing has become a common practice in the financial services industry, including payment services. However, it is crucial for...
Categories of institutions conducting controls over AML/CTF regulations in Poland
In Poland, tackling money laundering and terrorist financing (AML/CTF) is considered as a key aspect of maintaining the integrity of the...
Interesting facts about Polish crypto market
On 18th April, the deadline for quarterly reporting for the first quarter to the General Inspector of Financial Information (GIIF) via...
Reporting to public prosecutor in Poland by CASP
As an obligated institution, your crypto enterprise must navigate a complex web of compliance requirements, including specific reporting...
How the AML Package will reshape the EU crypto market
The so called EU’s AML Package, a set of EU laws related to AML that is currently in its final stages of development entails substantial...
Criminal provisions in the Polish draft Cryptocurrency Act: what you need to be aware of
The recent draft Cryptocurrency Act which is currently subject to consultation, introduces, among others, some significant criminal...
Winning battle for compensation for diagnostic omission of malignant tumour
First, do no harm Few know that ‘Primum non nocere’, the ancient principle coined by the Greek physician Hippocrates, is only a small...
EBA issues RTS on ARTs
On 13 March 2024, the EBA published the final draft technical standards on complaints handling for issuers of asset-referenced tokens...
What's ours is ours and what's mine is mine - a few words about the property consequences of marriage
Tau.Legal ‘s practice and experience to date shows that when planning a marriage, it is very common to misjudge the property...
Client's own exclusive initiative: ESMA's consultation on reverse solicitation in MiCA
Provision of crypto-asset services or activities by a third-country firm without licence is strictly limited under MiCA to cases where...
Calculating the cost: What CASPs need to know about the Polish Draft Cryptocurrency Act
The draft Cryptocurrency Act has revealed the fees that cryptocurrency service providers (CASPs) and issuers of asset-linked tokens will...
Betting the odds - how banks gambled on the franc, knowing they couldn't lose
When we accept a social bet ‘for a beer’, betting on FC Barcelona to win the Champions League match, or on a given number of a roulette...
As a CASP in Poland...
As a CASP in Poland, you become an obliged institution covered by the web of AML/CFT compliance requirements. Some of them require...
Judicial valorisation of benefits when a CHF credit agreement is invalid
The CJEU's 2023 rulings should have ended the practice of banks seeking judicial valorisation of the amount of capital paid out, which is...
Polish draft Cryptocurrency Act - understanding civil Liability for information documents
In line with MiCA, the proposed Polish Cryptocurrency Act aims to increase market transparency and investor protection. In this context,...
EU approves world's first comprehensive AI law
Yesterday, European Parliament gave final approval to a landmark EU law governing artificial intelligence. Here is what you should know...
Understanding the EU's AML Package
In July 2021, the European Commission launched the so called “AML package” to bolster the EU's defenses against money laundering and...
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