Name
Global FinTech Guide
Country Name
Montenegro
SectionTitle
Identification
Body
FinTechs belonging to this category provide identification services, which are required for most banking services.

Introduction

Attitude of the country towards identification services

Identification of the clients must be performed in accordance with the Anti-Money Laundering Law and it mainly includes identification including physical presence of the client. 

Legal affairs

Obligations and requirements to provide identification services

While there are occasions where identification is compulsory, there are no applicable laws regulating provision of identification services by third parties. 

Additional comments regarding the legal situation for identification services or what FinTech’s must be aware of in this business area

N/A

Economic conditions

Market size for identification services and biggest companies in this business area

N/A

Additional comments regarding the economic situation for identification services or what FinTech’s must be aware of in this business area

N/A
 

Authors

Disclaimer

© 2022, Karanovic & Partners in cooperation with local lawyers. All rights reserved by Karanovic & Partners in cooperation with local lawyers as author and the owner of the copyright in this chapter. Karanovic & Partners in cooperation with local lawyers has granted to Multilaw non-exclusive worldwide license to use and include this chapter in this guide and to sublicense Lexis Nexis, a division of RELX Inc. and its affiliates certain rights to use and distribute this guide.

The information in this guide provides a general overview at the time of publication and is not intended to be a comprehensive review of all legal developments nor should it be taken as opinion or legal advice on the matters covered. It is for general information purposes only and readers should take legal advice from a Multilaw member firm.

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