Milestone unlocked
AI AML Achieves First Milestone: Supporting Estonian Financial Services Client through Regulatory Inspection
AI AML is proud to announce its first successful client engagement! We assisted a licensed Estonian financial services company through a regulatory inspection, providing critical support in reviewing and amending AML/compliance documents, coordinating submission to regulators, and facilitating communication. The result? A seamless license update that enables our client to continue delivering high-quality financial services. This milestone marks an exciting beginning for AI AML as we set out to help more clients navigate regulatory challenges with ease.
Crypto license after MiCA in the Baltic States
Navigating the MiCA Licensing Regime for CASPs
As the Markets in Crypto-Assets (MiCA) regulation prepares to take effect, it establishes a unified standard across the EU for the regulation of Crypto Asset Service Providers (CASPs). However, significant differences still exist among Member States regarding the specifics of this regulation.
One critical aspect of MiCA is the introduction of a licensing regime, which aims to ensure that all CASPs operate under clear guidelines and standards. This means that obtaining a license will not be a straightforward process; companies must be prepared for a rigorous evaluation.
In summary, while MiCA sets the groundwork for a more structured approach to crypto regulation, the path to compliance will require careful planning and expert guidance.
The Story of AI AML
In our inaugural Insights article, we share the story of AI AML—our journey, mission, and goals. Founded by seasoned compliance experts Tomas Pelikan and Reinis Sietins, we aim to simplify the complexities of AML and compliance for businesses. With over 30 years of combined experience, our founders are committed to navigating regulatory challenges and empowering companies to focus on growth. Discover how AI AML is positioned to make a difference in the compliance landscape.