EMI is a common electronic money institution that allows our clients to be located anywhere in the world and receive online banking services. This electronic institution enables the opening of accounts for companies that deal in fields that traditional banks classify as high risk and who cannot receive similar services anywhere else.
Money laundering and terror financing prohibition regulations apply to these institutions, and the large compliance departments work very hard to personally get to know the customers’ activities.
At Tal Ron, Drihem & Co., we work closely with these departments at the largest and most successful institutions, and even have a dedicated Compliance and Control department for our clients. This work is subject to relevant regulations and directives. Many institutions (banks and EMIs) know us, and the process is short and focused.