BANK ACCOUNT OPENING. CLIENT FUNDS SAFEGUARDING ACCOUNTS. PI AND EMI AGENT REGISTRATION

European Union banks and finance institutions are subject to strict anti-money laundering and other prudential regulations. As a result of that bank account opening in Euro zone is complex procedure requiring specific knowledge and experience.

Opened account in European finance institution allows fast and easy payment processing at low cost in all SEPA countries without any restrictions as home country payments. Payment and Electronic Money Institution Agent registration allows provision of the services and open IBAN accounts for own clients under the partner PI or EMI license without any additional licensing.

ECOVIS ProventusLaw provides services of bank and electronic money account opening as well as segregated (correspondent) client funds safeguarding accounts for finance institutions and Fintech’s in European banks. Payment Institution and Electronic Money institution Intermediary Agent or Distributor registration is part of our service.

Kęstutis Kvainauskas

Lawyer, attorney at law, partner of the law firm.

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