cryptohunter
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Electronic Money Institutions (EMIs) are obligated to fulfill reporting duties, which usually entail offering periodic financial reports to regulatory bodies. These reports encompass various elements, including financial statements, adequacy of capital, management of risk, and adherence to know-your-customer (KYC) regulations. Moreover, EMIs might need to disclose potentially suspicious transactions and adhere to particular disclosure obligations. Upholding compliance with these reporting commitments guarantees transparency and maintains regulatory supervision over the operations of EMIs.
