Fintech

Internet Organized Crime Threat Assessment (IOCTA) 2020 – important for Financial crime specialists

The data collection for the IOCTA 2020 took place during the lockdown implemented as a...

The Bank of Lithuania announced how to prepare for licensing

The Bank of Lithuania has shared comprehensive practical guidance which shall help FinTech newcomers to...

The Bank of Lithuania defined minor infringement of the AML law

The Bank of Lithuania has defined the criteria for minor infringements of the law. The...

Global Digital Finance group reports on the issuance of digital currencies

Global Digital Finance (GDF) group has recently published a report about issuance of digital currencies. Report...

Is Making the Crypto Space Legally Compliant Paving the Road to Mass (Blockchain) Adoption?

The rise of blockchain has pushed cryptocurrencies to the forefront and enabled them to reach...

Financial institutions’ reporting to State Tax Inspectorate

Financial institutions shall be aware that besides reporting to the Bank of Lithuania, Financial Crime...

Pan-European Crowdfunding platforms allows to provide services all across all EU

November 10, 2021 the Regulation on European Crowdfunding Service Providers (ECSP) has entered into force....

Changes regarding applications for a payment or electronic money institution license

Legal act: Resolution of the Board of the Bank of Lithuania On the Amendment of...

Changes regarding management of outsourcing arrangements

Legal act: Resolution of the Board of the Bank of Lithuania On the Rules on...

Changes regarding safeguarding of clients’ funds

Legal act: Resolution of the Board of the Bank of Lithuania No. 03-106 of 23...

Changes in legislation regarding management system, internal control and risk management system

Legal act: Resolution of the Board of the Bank of Lithuania No. 03-106 of 23...

Changes in reporting forms to the Bank of Lithuania

Legal act: Resolution of the Board of the Bank of Lithuania No. 03-105 of 23...