UAB Lux International Payment System
Lithuania
The Bank of Lithuania temporarily barred UAB Lux International Payment System, a licensed electronic money institution (EMI), from serving both new and existing customers. The regulator cited suspected breaches related to money-laundering and terrorist-financing prevention obligations, as well as other regulatory requirements. The Regional Administrative Court authorized the interim restriction. No monetary penalty or licence revocation was announced at this stage; the measure remains in force until the Bank of Lithuania completes its inspection and issues a final decision. While the institution is an EMI rather than a traditional bank, the action is relevant to the BaaS ecosystem given the role of EMIs in providing payment and banking-adjacent services across Europe.
Verified from source: The Bank of Lithuania blocked Lux International Payment System's services, imposing an interim restriction on the licensed electronic money institution barring it from serving new and existing customers, as confirmed by the headline and page structure on FinCrime Central.
- EMIs operating in the EU face heightened AML/CFT scrutiny that can result in immediate customer-service bans even before a final finding
- BaaS and fintech platforms relying on Lithuanian-licensed EMIs for cross-border payment services may face counterparty and continuity risk
- Interim enforcement actions without fines can still cause significant operational and reputational damage to payment institutions
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