News

Labour Law

2021.05.05

Relocation packet – for easier relocation of employees and their families from Belarus and other third countries to Lithuania

On May 3rd, 2021, the Parliament of the Republic of Lithuania agreed to a package...

AML

2021.04.20

How to Prepare Reports for Supervision of the Implementation of ML and/or TF Prevention Measures?

Pursuant to Resolution No. 03-261 of the Board of the Bank of Lithuania of 20...

AML

2021.04.20

AML Draft Law Seeks Widespread Use of Electronic Signature for Customer Identification

Earlier this month, amendments to the Republic of Lithuania Law on the Prevention of Money...

Data protection

2021.04.20

Online travel booking platform received a fine of EUR 475,000 for GDPR violations. Lessons to Learn.

Netherland’s data protection authority has imposed a fine of 475 000 EUR on Booking.com for a...

Fintech

2021.04.20

Lithuania approved an action plan for FinTech, promising simpler regulation

The Lithuanian government has approved an updated 2021 Fintech action plan, which includes 4 tasks:...

Fintech

2021.04.19

Despite the COVID-19 pandemic, the number of electronic money institutions continues to grow

While normal life is suspended under lockdown due to COVID-19 pandemic, this does not limit...

Fintech

2021.04.16

How to settle a dispute with a financial service provider?

The Bank of Lithuania reminds that consumers must submit requests for dispute resolution through the...

AML

2021.03.28

Risk indicators of trade-based money laundering

In December 2020, the Financial Action Task Force (FATF) and Egmont Group of Financial Intelligence...

Labour Law

2021.03.18

An Employee Share Option – an effective way to retain the employee

In the past, companies expected job loyalty but today we hear stories of employees accepting...

AML

2021.03.08

EBA Revises Guidelines on Money Laundering and Terrorist Financing Risk Factors

European Banking Authority (EBA) published its final revised Guidelines on money laundering and terrorist financing...

Insight

2021.02.26

Changes in Migration from 1st of March 2021

From the 1st of March 2021, amendments to the Law “On the Legal Status of...

Data protection

2021.02.26

The Spanish bank has been fined for breaches of the GDPR

The Spanish Data Protection Authority (hereinafter – the Authority) imposed a total fine of EUR...

Data protection

2021.02.17

How to act in case of a data breach?

Not long ago, a breach that compromised the data of a few million people would...

Data protection

2021.02.17

How to deal with a cyber attack and protect customers?

Lithuanian company CityBee has reported the theft of its customer data, which has resulted in...

Labour Law

2021.02.08

ECOVIS ProventusLaw Appoints B. Bacienė as a Head of Employment Practice

ECOVIS ProventusLaw is happy to appoint senior associate Mrs. Brigida Bacienė as Head of Employment...