Comparative Guides

Welcome to Mondaq Comparative Guides - your comparative global Q&A guide.

Our Comparative Guides provide an overview of some of the key points of law and practice and allow you to compare regulatory environments and laws across multiple jurisdictions.

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FinTech

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6.

Financial crime

6.1

What provisions govern money laundering and other forms of financial crime in your jurisdiction and what specific implications do these have for fintech companies?

North Macedonia

ODI Law

Answer ... The Prevention of Money Laundering and Terrorist Financing Act 2018 requires fintech companies to conduct customer due diligence (know-your-customer), and to monitor and report suspicious transactions to the Financial Intelligence Office – in particular, where certain transactions involve parties who are based in high-risk countries or exceed a certain threshold.

For more information about this answer please contact: Gjorgji Georgievski from ODI Law

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Contributors

Topic

FinTech

Emily Reid

Hogan Lovells

Contributing Editor

Article Author(s)

Gjorgji Georgievski

Ana Stojanovska

ODI Law

North Macedonia