CMS is often instructed by payment service providers and other financial services clients on matters ranging from license applications to AML compliance and the launch of new consumer products. Practice head Tessa Penninks is particularly well versed in the payment services arena, advising on PSD2 and the upcoming PSD3, while also assisting with licensing matters in the Netherlands and EU passporting requirements. Laurens Pronk is noted for his knowledge of AML and sanctions regulations.
Testimonials
Collated independently by Legal 500 research team.
‘For me it was the collaboration, and the understanding of our practice, making it a very smooth process altogether.’
‘Laurens Pronk guided us through the process with ease, and was very knowledgeable on the topic.’
‘Tessa Penninks leads her team with remarkable skill and a steadfast commitment to her clients. Her ability to manage urgent and complex matters instils great confidence, and I always trust her guidance and expertise in critical situations.’
Key clients
- ALD Automotive
- ASR
- Commerzbank AG
- DFM N.V.
- Digital Partners
- ING Bank N.V.
- Lemonade Inc.
- PayPal
- Qander Consumer Finance
- Rabo Frontier Ventures
- Rabobank
- RCI Financial Services
- SurePay
- Volkswagen Pon Financial Services
Work highlights
- Advised Klarna, Riverty, In3 and Billink on the establishment of a code of conduct imposing requirements and best practices for buy now, pay later providers.
- Advised Lemonade on the implementation of DORA.
Practice head
The lawyer(s) leading their teams.
Tessa Penninks