The Bank of Lithuania has terminated the electronic money institution (EMI) license of UAB Payrnet. The bank said the license was revoked due to “serious, systematic and multiple violations of legal ...

Lithuania's parliament approved a merger of the Securities Commission and the Insurance Supervisory Commission with the country's central bank. The Bank of Lithuania will be taking over the ...

Lithuania is becoming increasingly established in the Fintech sector and is gaining more international recognition. The statistics do not lie – the country is attracting more investments and interests ...

UK fintech Revolut has been fined €3.5m (£3m) by the Bank of Lithuania for inefficiencies in its money laundering control. The neobank was blasted for “violations and shortcomings in the monitoring of ...

When Britain left the European Union in 2020, it created a silent earthquake in the European fintech sector. Passporting rights evaporated. London’s dominance, once unshakable, began to blur. Amid the ...

DriveWealth, a financial technology platform providing Brokerage-as-a-Service, today announced that the Bank of Lithuania, the central bank of the Republic of Lithuania, granted it a brokerage license ...

Lithuania ranks second in EU countries in offering a safe and reliable environment for companies involved in the Crypto business by providing a Crypto License. The Bank of Lithuania issues this ...

* SWEDBANK SAYS DURING AUTUMN 2017, THE BANK OF LITHUANIA HAS CARRIED OUT AN INSPECTION RELATED TO SWEDBANK’S ACTIVITIES IN THE AREA OF MONEY LAUNDERING AND TERRORISM FINANCING PREVENTION(AML/CTF) FOR ...

VILNIUS, June 19 (Reuters) - Risks to the bank system of Lithuania will rise this year due to an economic slowdown, but banks can withstand severe shocks, the central bank said on Thursday. "The ...