Lithuania Fines Revolut €3.5m For AML Failings
The Bank of Lithuania has fined Revolut €3.5m after a scheduled inspection uncovered breaches of …
Lithuania Targets Resilience And Security In New Payments Strategy
In its latest payments strategy, Lithuania has followed jurisdictions such as Sweden in emphasising operational …
Lithuania's Payments Sector Continues To Boom, But Big Players Dominate
A new circular from the Bank of Lithuania shows that the country’s payments and e-money …
Digital Euro Debate Rages As ECB Uses Geopolitics As Justification
The European Central Bank (ECB) has continued to defend its digital euro plans, which are …
Daily Dash: Lithuania Flags Deficiencies In MiCA Licence Applications
The Bank of Lithuania has identified significant weaknesses in applications for crypto-asset service provider licences, …
Latvia's New Guidelines On Fraud Prevention Aim To Strengthen Risk Management
Public-private collaboration in the financial services space has paved the way for a new set …
Lithuania Demands Improved Accessibility For Basic Payment Accounts
The Bank of Lithuania has issued a letter to financial institutions, including payments and e-money …
Daily Dash: Fraud Social Experiment In Lithuania Reaches 'Saddest Conclusion'
The Lithuanian Banks Association has revealed alarming findings about consumer vulnerability and fraud reachability after …
Daily Dash: Lithuanian Payments Firms Experience Another Surge
Revenues of e-money institutions and payment institutions soared in Q3 2024, with licensing income rising …