VLM & Partners

VLM & Partners is a legal practice in Azerbaijan that advises payment organisations and electronic money institutions (EMIs). According to the firm's website, it assisted Token Azerbaijan with obtaining a payment institution licence.

Services

The listed work falls into three areas:

• licensing of payment institutions and EMIs;
• AML/CFT (anti-money laundering and countering the financing of terrorism);
• contracts and financial regulation.

In practice this means preparing an application for a payment licence, building the internal compliance framework that the regulator expects, and drafting the agreements a payment business needs with banks, merchants and partners.

Markets

The firm works in Azerbaijan. The profile names no regulator, licence numbers or fee levels, so questions about the specific licence category, timeline and cost belong in a direct conversation with the firm.

Who it suits

VLM & Partners is relevant to fintech founders and foreign payment companies planning to enter the Azerbaijani market with a licensed entity, and to existing local institutions that need support with AML/CFT procedures and financial regulation. The Token Azerbaijan case is the example the firm itself gives of its payment-licensing work, and it is a company statement, not a verified track record.