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OANDA, New York based forex trading serving provider recently revealed in an announcement that it has made a new addition to its APAC region senior level leadership team. As per statement released by the firm…
Resolutions of the Supervision Service of the Bank…
For improper holding of customer funds – Majestic Financial, UAB fined The Supervision Service of the Bank of Lithuania established that the payment institution Majestic Financial, UAB, held part of the customer funds improperly. Majestic…
MisterTango, UAB fined €245 thousand for non-compliance with…
The Bank of Lithuania imposed a fine of €245 thousand on MisterTango, UAB for violations of anti-money laundering and counter terrorist financing CTF /AML requirements, limiting its activities as a preventive measure. ‘The Bank of…
Two electronic money institution licences issued
The Board of the Bank of Lithuania issued two electronic money institution licences to SumUp EU Payments UAB and Goopal Pay, UAB. The licensed companies will be able to offer electronic money issuance (redemption) and…
UAB deVere E-Money fined for improper segregation of…
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…
Bank of Lithuania restricted activities of SatchelPay
The Bank of Lithuania suspended the activities of SatchelPay, UAB by prohibiting it to issue electronic money and provide part of its payment services. The decision was based on the fact that the electronic money…
Resolutions of the Board of the Bank of…
The Board of the Bank of Lithuania has issued electronic money institution licences to international companies and granted permission to reorganise the life insurance company. Two electronic money institution licences issued The Board of the…
UAB Finansinės paslaugos „Contis” granted an electronic money…
The Board of the Bank of Lithuania has issued an electronic money institution licence to UAB Finansinės paslaugos „Contis”. The company intends to issue electronic money and provide certain services set forth in the Republic…
LBChain project: six financial products already being tested
The Bank of Lithuania’s blockchain-based LBChain platform developers, together with FinTechs from Lithuania, Belgium and Finland, have been testing six different financial products within their LBChain prototypes. At this time, the LB Chain project is at…