News (5 page)

Bank of Lithuania launches consultation on improvement of reporting procedures

The number of electronic money and payment institutions as well as the sector’s income continue on an upward trend

Verse Payments Lithuania, UAB – green light for transfer to company of Twitter cofounder

Payment transaction amounts of EMIs and PIs have almost doubled

Bank of Lithuania imposed a €110,000 fine on UAB ConnectPay for AML/TF infringements

Banks given guidelines on opening accounts for electronic money and payment institutions

Secure Nordic Payments, UAB fined for improper execution of payment transactions 

Decisions regarding the payment institution licence for Bruc Bond, UAB

Resolutions of the Supervision Service of the Bank of Lithuania

Bank of Lithuania to provide emergency liquidity assistance for a wider range of financial market participants

Number of electronic money and payment institutions as well as their income rates continued to rise

Bank lending potential increased to stabilise Lithuania’s economy

Licence of Contabilita, UAB revoked

CENTROlink: record surge followed by further growth in supply of payment services

Public consultation confirmed need to strengthen protection of funds of electronic money and payment institution customers

Sharing best practices in AML controls