PayLicence / Safeguarding audit / remediation
Safeguarding audit / remediation — EU / EEA / United Kingdom
Diagnosis, remediation plan and evidence of controls.
- Place and authority
- EU / EEA / United Kingdom
- Capital
- Not applicable
- Renewal
Place and authority
EU / EEA / United Kingdom. Diagnosis, remediation plan and evidence of controls.
Capital
Not applicable
Renewal
. A service, not an authorisation: nothing to renew with an authority.
Our work and its timing
Preparation and filing take 6–16 weeks once we have your documents. The decision and its timing belong to the authority: no time to approval is announced.
Documents we will ask you for
Applicant company, shareholders/UBOs, directors and key functions
Required in every case
- Power of representation, notarised remotely. It gives us standing to act on your behalf before registries, banks and the relevant authorities, within the limits it sets out. The notarisation session is held by video; a valid identity document is required.
- Certificate of incorporation or recent registry extract
- Up-to-date articles, memorandum/articles or constitutive deed
- Register of directors and register of shareholders
- Ownership chart up to the natural-person beneficial owners
- KYC, CVs, diplomas, references and criminal records of the UBOs, directors and key managers
- Programme of operations, payment services and complete flow diagram
- Business plan and three-year financial projections with own-funds calculation
- Evidence of capital and source of funds
- Safeguarding/segregation arrangements and draft bank contracts
- AML/KYC, risk, security, fraud, incident, continuity and outsourcing questionnaires
- IT architecture, diagrams, providers and critical contracts
Depending on the case
- List and contracts of agents/distributors
- AISP/PISP professional indemnity insurance
- Safeguarding audit reports
- Business history and migration data
- Acquirer file and post-acquisition plan
The exact list follows what you order; it is confirmed in your client space after payment.
Questions
Where can this licence be obtained?
EU / EEA / United Kingdom.
What capital is required?
Not applicable
Does the licence need to be renewed?
null. A service, not an authorisation: nothing to renew with an authority.
How are your fees set?
Our fees for preparing and filing start at €25,990, excluding VAT, then €23,690 a year of follow-up from the 2nd year. The firm quote follows the scoping call, before anything is signed; the authority's own fees and the capital are not fees.
How long does it take?
Preparation and filing take 6–16 weeks once we have your documents. The decision and its timing belong to the authority: no time to approval is announced.
Do you guarantee the licence?
No. The licence is granted by the authority after its own review. Our commitment is the quality of the file, its filing and its follow-up until the decision.