Industries

Payment institutions

Payment institutions have to comply with all kinds of laws and regulations, including the Money Laundering and Terrorist Financing (Prevention) Act (Wwft), Sanctions Act and Payment Service Directive (PSD2). Our specialists closely monitor the developments in laws and regulations, and are happy to help you meet the legal requirements.

Payment Services Directive 2 (PSD2)

As a payment institution, you are subject to PSD2. This means you are required to obtain a regulatory license and must meet a considerable number of legal requirements. Requirements are set for, among others, controlled and sound business operations, the reliability and suitability of (co-)policymakers and the own funds that must be held. Your IT landscape and risk management must be adequately set up and you must safeguard the funds of your payment service users at all times. Charco & Dique can help you gain insight into the legal requirements and offer advice on how to meet your obligations.

Wwft compliance

Payment institutions are required to conduct customer due diligence and report unusual transactions to the FIU. In addition, the law prescribes that employees and policymakers of financial institutions must meet the periodic training requirements. Charco & Dique can help you to comply with these requirements.

We offer various Wwft courses, such as Wwft Awareness, Wwft customer investigation and Wwft transaction monitoring e-learnings. We are happy to adapt our courses to make them fit your organization’s policies and procedures.

More about our trainings