In an era where the financial landscape is continually evolving, the synergy between industry innovation and legal expertise is more crucial than ever. At Aurum, we understand that the rapid evolution of these sectors is continuously reshaped by technological advancements and complex regulatory landscapes. The interconnection of the industry with legal frameworks is not just a matter of compliance, but a strategic necessity that can significantly impact reputation, operational efficiency, and market positioning.
As financial technologies and alternative financing methods disrupt traditional models, the legal implications become increasingly multifaceted. Our firm recognises the importance of staying ahead in a landscape where legal precedents are continuously set and regulatory scrutiny intensifies. At Aurum, we don't just view legal advice as a service; we see it as a crucial part of your business's foundation, enabling growth, securing investments, and protecting against risks.
Our expertise spans the full spectrum of finance and technology sectors. From traditional banking to cutting-edge FinTech startups, and the rapidly growing field of alternative finance, our team is equipped with the knowledge and experience to provide comprehensive finance and FinTech legal services.
Finance and FinTech Legal Services
In today’s globalised economy, finance and FinTech companies often operate across multiple jurisdictions, each with its own set of legal challenges. Aurum offers extensive international and cross-border legal support to help you navigate these complexities. Our expertise in international and cross-border regulation, combined with a deep understanding of diverse financial markets, enables us to offer strategic advice that transcends borders.
Our expertise spans the full spectrum of finance and technology sectors. From traditional banking to cutting-edge FinTech startups, and the rapidly growing field of alternative finance, our team is equipped with the knowledge and experience to provide comprehensive legal support. Whether you’re expanding overseas, engaging in cross-border transactions, or dealing with international regulatory bodies, we are here to provide the expert guidance you need.
We Create Legal Strategies for FinTech
At Aurum, we believe in a client-first approach. Our dedicated team works closely with each client to understand their unique business objectives, challenges, and market dynamics. This allows us to create bespoke legal strategies that are not only compliant but also aligned with your business goals. Whether it’s navigating complex financial regulations, structuring innovative financial products, or advising on FinTech developments, we ensure that our legal solutions are tailored to your specific needs and add tangible value to your business.
Our belief is that the client-first approach, tailored strategies, and comprehensive understanding of these sectors are fundamental in delivering exceptional value to our clients.
Financial and Regulatory Compliance
Compliance is a pivotal aspect of the finance and FinTech sectors. Our team takes a proactive stance on compliance, helping you stay ahead of regulatory changes and avoid potential pitfalls. Our team keeps abreast of the latest developments in financial regulations, ensuring that your business remains compliant in an ever-changing legal landscape. From drafting compliance policies to representing clients in regulatory matters, we handle all aspects of compliance, so you can focus on growing your business.
We believe that our client-first approach, tailored strategies, and comprehensive understanding of these sectors are fundamental in delivering exceptional value to our clients.
Selected services
At Aurum, your success is our primary focus. We pride ourselves on delivering client-centric, tailored legal solutions that drive value and growth. Partner with us for legal guidance that is as innovative and dynamic as the finance and FinTech industries themselves.
Assessment of anticipated project activities, target markets, products and services to be offered. Development of an efficient corporate structure, considering potential regulatory requirements and compliance implications.
Basic tax planning and advice.
Company formation, establishment of legal entities and corporate vehicles anywhere in the world.
Drafting corporate documents, establishing corporate governance, and structuring the relationship between founders and shareholders.
Structuring international money flows and transactions between group entities, drafting relevant contracts and documentation.
Opening bank accounts and accounts with payment service providers.
Development of the regulatory and compliance strategy for the financial services and products.
Consulting on the regulatory frameworks for digital banking, e-money institutions, and virtual currencies, ensuring operational compliance and strategic planning.
Identifying the most suitable and efficient compliance approach for the client and, where applicable, choosing the most suitable regulatory frameworks across available jurisdictions.
Advising on the steps to be taken to mitigate major regulatory risks, providing recommendations on related organisational and technical aspects.
Advising on the delivery of the necessary standardised information to investors and users, including risk disclosure statements, incentive structures, etc.
Advising on the separation of users’ assets from the company’s assets.
Regulatory compliance advice, including under applicable financial, payment services, VASP laws and regulations. Obtaining licences, including MSB and financial licences, VASP registrations, and other permits.
Data protection, privacy and GDPR compliance.
Government relations.
Assessment of envisaged products and services, and development of a comprehensive legal strategy.
Legal advice on, and representation in, delivering credit and payment products and services, prepaid products, peer-to-peer payments, money transmission and deposit-related services.
Determination of regulatory and licensing requirements applicable to the operator of anticipated financial products and services, assistance with performance and implementation of such requirements.
Engagement of local service providers to assist with the application for and obtaining of required licences and governmental authorisations in target markets and jurisdictions, directing and overseeing their work in a cost- and time-effective manner.
Product legal structuring. Development of necessary user documentation, which may include the End User Licence Agreement (EULA), Terms of Service, Privacy Notice, Risk Disclosure Statement, Legal Notice, etc., as applicable.
Providing instructions on the implementation of user documentation within the products, collecting user consents, placement of disclaimers, etc.
Advising on geographical restrictions, composing the list of restricted jurisdictions, and advising on the methods and instruments to restrict access.
Initial data flow and data protection audit.
Determine the client’s role and responsibilities under the data protection legislation, including the GDPR, if applicable.
Conduct a data protection impact assessment (DPIA) in order to identify, analyse, and mitigate risks related to certain data processing activities.
Advice on the ‘privacy by design’ and ‘privacy by default’ requirements, including the adoption of necessary tools and instruments.
Advice on cross-border operations with personal data.
Drafting and reviewing legal documentation required under the applicable laws, including privacy notices, privacy policies, data processing agreements, etc.
Preparation of internal and intra-group guidelines, instructions and procedures.
Data security breaches management, including evaluation of risks, determination of procedures applicable to the breach and preparation of notifications to authorities.
Assistance in communications with data subjects and national regulators.
- Collecting, structuring and managing the project IP.
- Legal advice on structuring and managing the company’s most valuable assets.
- Assessment and structuring of the cash flow within the project.
- Assistance with the registration of the project trademarks.
- Advice on managing project infrastructure.
Structuring relationships with the project directors, officers, employees, contractors, and advisors.
Preparation of employment contracts and advising on determination of the applicable employment terms.
Drafting the contractor agreements and advising on determination of the applicable commercial terms.
Structuring token and equity incentive plans, developing token/equity allocation agreements, option agreements, etc.
Development of the employee and contractor onboarding procedures.
Payments. Payroll.
Other details
Our selected cases reflect our commitment to staying ahead of the curve in addressing the unique challenges and opportunities that arise in financial technology.
Advised an EU-based alternative finance company on the regulatory and compliance implications of their business, identified the most suitable jurisdictions for the formation of operating entities, designed a regulatory strategy for the product, and assisted in securing the necessary government licences.
Acted as lead counsel to a virtual asset (cryptocurrency) exchange operating in the LATAM region on all matters related to regulatory compliance, facilitated obtaining the necessary government registrations and licences in target markets.
Advised a financial group on launching a neobank in the MENA region, associated regulatory and compliance obligations, and requirements for operating as an alternative finance institution in the target markets.
Served as legal advisor to a cryptocurrency payment provider on all matters relating to regulatory compliance, designed legal framework for the product operation, and assisted in obtaining required licences and government registrations in some of the target markets.
Advised an operator of a custodial cryptocurrency wallet on the regulatory strategy, identified the most appropriate jurisdictions for forming operating entities, facilitated obtaining of requisite licences and compliance with applicable regulatory requirements.
Acted as legal advisor to an alternative finance institution on the AML/CTF compliance and applicable regulatory requirements, developed comprehensive procedures for customer due diligence, reporting, and personnel policies.
