RegRally Powered by ECOVIS ProventusLaw

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RegRally is a new concept created by the Lithuanian law firm ECOVIS ProventusLaw. It is dedicated to the professionals of both business- and private sectors, working in the ever-changing field of FinTech. Here, we discuss all the aspects and peculiarities of the regulatory and compliance fields. RegRally is embodied in several ways: - Newsletters (find the subscription form here) - Webinars (informed on via newsletters) - Podcasts

Episodes

  1. 10/29/2020

    How can European Financial Institutions Access the US Financial System? | RegRally powered by ECOVIS ProventusLaw

    RegRally is a new concept created by the Lithuanian law firm ECOVIS ProventusLaw. It is dedicated to the professionals of both business- and private sectors, working in the ever-changing field of FinTech. Here, we discuss all the aspects and peculiarities of the regulatory and compliance fields. RegRally is embodied in several ways: - Newsletters (find the subscription form here) - Webinars (informed on via newsletters) - Podcasts Guests of the first RegRally podcast episode: Jeffrey Alberts, Partner at Pryor Cashman (the USA) Andrew McAdams, Deputy of Financial Crimes at Agricultural Bank of China, New York Branch (the USA) Hosts of the podcast: Inga Karulaitytė-Kvainauskienė, Partner at ECOVIS ProventusLaw (Lithuania) Austėja Viederytė, AML Expert at ECOVIS ProventusLaw (Lithuania) About the episode: Every Financial Institution (Electronic money institution (EMI), Payment institution (PI), Bank) has ambitions to grow their businesses and offer their customers the best value. The ambition to move money around the globe is tempting. Yet when the reality hits, it no longer seems so easy: different legal frameworks, extents of regulatory requirements, as well as AML / CTF regimes across various jurisdictions might seem overwhelming. It is no secret that the US dollar (USD) is the number one currency in international trade. However, it is commonly thought that only large banks are privileged to have access to it. In the first episode of the podcast, we try to bust this myth by: - explaining how recent enforcement actions in the United States have caused U.S. banks to perceive certain correspondent banking relationships as risky. - outlining the steps a Financial Institution can take to address this perception and access USD through a correspondent banking relationship. Should you have any questions to anyone of the podcasters, don’t hesitate to contact them: Jeffrey Alberts: jalberts@pryorcashman.com Inga Karulaityė: inga.karulaityte@ecovisproventuslaw.com Austėja Viederytė: austeja.viederyte@proventuslaw.lt Hope the episode is useful to you! About ECOVIS ProventusLaw: ECOVIS ProventusLaw is a leading law firm in FinTech compliance regulation in Lithuania. The firm expertly knows the FinTech market and is able to tailor individual regulatory compliance updates for every FinTech company regulated by the Lithuanian and EU regulation. The firm deeply specializes in financial institution licensing, FinTech advisory, regulatory compliance, internal audit of financial institutions (AML audit), GDPR compliance, FinTech M&A. Together with the partners in the global ECOVIS network, we also cover major international markets, such as the USA and China. ECOVIS ProventusLaw is a part of ECOVIS group which unites over 7000 auditors, tax and business consultants, and lawyers working in more than 80 countries worldwide.

    How can European Financial Institutions Access the US Financial System? | RegRally powered by ECOVIS ProventusLaw
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RegRally is a new concept created by the Lithuanian law firm ECOVIS ProventusLaw. It is dedicated to the professionals of both business- and private sectors, working in the ever-changing field of FinTech. Here, we discuss all the aspects and peculiarities of the regulatory and compliance fields. RegRally is embodied in several ways: - Newsletters (find the subscription form here) - Webinars (informed on via newsletters) - Podcasts

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