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8 results for "Bank of Lithuania"
Regulatory Tracker7
Regulatory TrackerDec 1, 2021medium
European Merchant Bank
The Bank of Lithuania imposed a €65,000 penalty on European Merchant Bank for failing to manage risks of high-risk clients and other AML violations. The regulator also restricted its ability to serve ...
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Regulatory TrackerMay 14, 2026high
UAB Walletto
Lietuvos bankas imposed a €290,000 monetary sanction on UAB Walletto following a targeted inspection that found AML/CFT internal control weaknesses and client funds safeguarding deficiencies. The sanc...
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Regulatory TrackerMay 14, 2026low
Unknown Sponsor Bank
Lietuvos bankas introduced dedicated supervisory contact persons for selected EMIs and PIs to strengthen regulatory dialogue and improve supervisory consistency. The model is expected to expand to add...
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Regulatory TrackerApr 9, 2025medium
EMIs and PIs in Lithuania
From April 9, 2025, EMIs and PIs in Lithuania must maintain approved wind-down plans as a regulatory requirement.
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Regulatory TrackerJan 1, 2025critical
Alternative Payments
The Bank of Lithuania revoked the license of an unnamed EMI or PI, citing 10 regulatory violations, with one violation referred to the Court of Justice of the European Union (CJEU) concerning direct d...
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Regulatory TrackerAug 19, 2025low
N/A — Industry-wide EMIs/PIs
The Bank of Lithuania issued guidance in 2025 preparing EMIs and PIs for the REGATA reporting transition (Q1 2026) and MiCAR crypto-asset reporting requirements, including new safeguarding reports due...
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Regulatory TrackerAug 19, 2025critical
KogoPay UAB
The Bank of Lithuania revoked KogoPay UAB's electronic money institution (EMI) license in August 2025 due to capital shortfalls, delayed financial reporting, and insolvency. Bankruptcy proceedings wer...
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