We can assist you in the establishment of a Payment/Electronic Money Institution, either in the Republic of Cyprus through the Central Bank of Cyprus (CBC), or in the United Kingdom through the Financial Conduct Authority (FCA).
Our services in this area include:
Consultation on design of the Institution Structure;
Completion of the Application Form to be submitted to the CBC / FCA;
Preparation of the required Internal Operations Manual according to EU regulations;
Preparation of the Business Plan and other financial projections;
Preparation of the Procedures Manual for the prevention of Money Laundering and Terrorist Financing;
Assistance in the preparation of the company shareholder, director and senior management Questionnaires;
Follow-up of the application during the process of assessment by the CBC / FCA;
Assistance in company personnel appointments (senior management & service providers).