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License Application Package | Electronic Money Institution | United Arab Emirates

199.004,999.00

License Application Package contains the information, manuals, documents and forms necessary to apply for the Electronic Money Institution license in the United Arab Emirates.

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Description

Package

  • Latest version of the Package
  • 3 hours work of the compliance specialist to adjust this Package to your company’s specifics
  • Lifetime free updates

Content

  • Application Checklist & Requirements
  • Pre-filled Application Forms
  • Compliance AML Manual
  • Business Model Template, specifically outlining the type of digital payment services and payment instruments envisaged
  • Business Plan Template, including a financial forecast for the first three (3) years of operations
  • Governance Model Template, demonstrating that it complies with the governance requirements, including compliance measures with the AML/CFT Laws
  • Operational Reliability Template, including disaster recovery and business continuity mechanisms
  • System Rulebook Template, detailing the operational rules of the envisaged payment scheme
  • Settlement of Payment Transactions Procedure Template
  • Attestation of Integrity and Suitability of (Co)policymakers and Beneficial Owners Template
  • Safeguarding of Customer Funds Measures Template
  • Proof of Solvency Template

Applicable to

  • Electronic Money Institution
  • Cryptocurrency company
  • Other Fintech Companies

Countries:

  • United Arab Emirates

Approved by

  • The regulator: Central Bank of The United Arab Emirates
  • ISO Certification Agency
  • Independent auditors

Comments

This Package is prepared according to the requirements set in the current legislation of The United Arab Emirates.

Last update

04.2020

Additional information

Language

Dutch, English

Package

Standard, Advanced, Premium