News

Fintech

2020.10.12

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

The European Parliament approved the deal struck with the Council on common rules to boost...

Data protection

2020.09.22

Transfer of personal data from EEA to the United Kingdom

Since 1 February, 2020, the United Kingdom has withdrawn from the European Union and has...

Data protection

2020.09.22

Interplay between the GDPR and PSD2

Taking into the account that PSD2 touches the subject of data protection, European Data Protection...

Fintech

2020.09.22

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...

Fintech

2020.09.22

Changes regarding management of outsourcing arrangements

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

Fintech

2020.09.22

Changes regarding safeguarding of clients’ funds

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

Fintech

2020.09.22

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...

Fintech

2020.09.22

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...

Insight

2020.09.21

Fast and Easy Business Relocation for Belarusian Companies to Lithuania

In the recent years, the favorable opportunities for investments and trade in Lithuania attract more...

Fintech

2020.09.18

Last call for UK based Finance Institutions and FinTech’s losing their EU license passports after the BREXIT

As from the 1 February 2020 The United Kingdom (UK) is no longer a member...

AML

2020.09.11

Moneyval‘s findings on money laundering and terrorism financing during COVID-19

The Council of Europe’s Moneyval Committee has issued a new report on latest money laundering...

AML

2020.09.08

SWIFT revealed how cyber criminals encash stolen funds

SWIFT and BAE Systems Applied Intelligence have published a new report describing the complex web...

Labour Law

2020.08.04

Posting of foreign citizens to the Republic of Lithuania – Amendments to the Labour Code as of 30th of July

The provisions of the Directive of the European Parliament and of the Council concerning the...

AML

2020.07.29

Lithuania is ranked as one of the least vulnerable countries to ML/TF worldwide

On 23 July, 2020 Basel Institute on Governance released its 9th public edition of risk...

Data protection

2020.07.17

The Court of Justice of the EU strikes down key rules of U.S.-EU data transfer

On July 16, 2020 in a landmark decision, the Court of Justice of the European...