UAB Archives - The Industry Spread

UAB deVere E-Money fined for improper segregation of customer funds

August 9, 2019

The Supervision Service of the Bank of Lithuania has concluded that the electronic money institution UAB deVere E-Money breached the requirements set out by the Republic of Lithuania Law on Electronic Money and Electronic Money Institutions by holding customer funds outside credit institutions and imposed it a fine.

€200,000 fine for insider dealing

May 23, 2019

The Supervision Service of the Bank of Lithuania has concluded that Linas Strėlis, member of the board of AB Vilkyškių pieninė and AUGA group, AB, has used inside information to enter into transactions on the acquisition and sale of shares of AB Žemaitijos pienas.