Makhmud specializes in business management, online financial services, detection and prevention of fraud transactions, AML, and KYC procedures related to card transactions and payment accounts.
AML
The terms used in this article are defined in the ISA, in the legal act implementing international sanctions, the Financial Action Task Force’s (hereinafter: FATF) recommendations made in 2012 and the 2013 methodology dictionary, or in EU guidelines and other guidance materials.
Crypto
Compliance with the principles of good corporate governance shall start with the board and its responsibility to foster the long-term success of the company and secure its sustained competitiveness.
Holdings
In this post, we will review how entrepreneurs and business owners can use foreign companies for tax optimization.
AML
To start a business relationship the Fund Manager must request personal information from the Partner. In this article, we mention Estonian regulations that provide the requirements for IT systems of Partner identification and authentication.
Funds
FATCA has become the catalyst for a global effort to combat tax evasion, leading to multi-lateral reporting and diligence regimes. With this guidance we try to help demystify FATCA, and what it means for European investment funds.
Funds
Fund managers today are looking for the best jurisdiction to build their investment structure, and Estonia is one of the most attractive among them. But here is the main requirement if you have decided to register an Alternative Investment Fund in Estonia.
Crypto
Amendments to Estonian Money Laundering and Terrorist Financing Prevention Act entered into force on March 15, 2022. New rules for Estonian Crypto Companies.
Funds
This article contains the information related to cryptocurrency fund in Estonia in a form of Alternative Investment Fund, benefits of crypto fund in Estonia, taxation of cryptocurrency fund in Estonia and re-domiciliation of a foreign fund to Estonian jurisdiction.
Funds
Cryptocurrency Investment Fund. Crypto Fund in Estonia. Basic definitions. Management Company and Investors in Crypto Fund in Estonia. Opportunities and Advantages.
Legal
The Guide to the new voluntary One Stop Shop (OSS) VAT scheme for Cross-Border Sales in the EU that has come into force on 1 July 2021.
Funds
In this article we will try to understand the nature of relationships between Limited Partners (LPs) and General Partners (GPs), and how the relationship between the two works
Funds
In order to promote regulatory uniformity between various sectors of the financial services industry, the concept of a “control environment” has been introduced to the industry. The concept consists of the sum of the various protective measures taken, often referred to as “control activities”, to ensure that actions taken on
Funds
Management are those members of the board or an executive committee who have executive roles within the GP’s organisation and those other employees who work with the executives to deliver the business strategy of the GP. Their responsibilities in relation to governance of the business include responsibility for the
Payment Account
A European or UK payment account with a prudently chosen financial institution is an investment. An investment in convenience, security, reputation. Below you will find the advantages of a European or UK account.
Legal
The right to represent the company is called “procuration”. It is a special authorisation which gives a person (Procurator) the right to represent the company in all transactions related to economic activities.
Recommendations
Explanation An overriding duty of loyalty to the company applies to every director, whether executive or non-executive and whether or not appointed by a particular shareholder, although the precise legal duties vary according to the type of company and jurisdiction. A director is expected to devote as much time and