News

Fintech

2021.01.25

How to prepare Risk map for payment and e-money institutions?

The Bank of Lithuania has set requirements for electronic money institutions and payment institutions regarding...

Insight

2021.01.25

From the 11th of January 2021 small and medium-sized enterprises can apply for EU intellectual property compensation

The European Commission and the European Union Intellectual Property Office (EUIPO) are launching a new...

Insight

2021.01.21

OFAC Settles with Indonesian Firm for North Korea Sanctions Violations: Key Compliance Lessons for International Trade

Although the laws governing US sanctions are not legally binding on companies organized under the...

Insight

2021.01.07

OFAC Settles with Crypto Operator over Sanctions Violations

The U.S. Treasury Office of Foreign Assets Control (OFAC) has entered into a $98,830 settlement...

Fintech

2021.01.04

European Digital Finance Package opens doors for digitalization of financial system

Recently the European Commission has adopted a Digital Finance Package, including Digital Finance and Retail...

Data protection

2020.12.30

Brexit Agreement: Personal Data Transfer to the United Kingdom

On December 25th 2020, European Commission published a trade relations agreement between the European Union...

AML

2020.12.28

Trends and developments of trade-based money laundering

Earlier this month, FATF-Egmont group has published a report which aims to help public and...

Data protection

2020.12.28

Personal data protection issues after the end of the BREXIT transition period

On 15-16 December 2020, the European Data Protection Board (hereinafter – EDPB) issued a statement...

Insight

2020.12.16

Lithuania will accept driving license as ID for bank account opening

Lithuanian parliament voted in favour of the amendments to the Law on the Prevention of...

Data protection

2020.12.11

French supervisory authority fines Google €100m and Amazon €35m for cookies’ breaches

France’s data protection agency, the CNIL, has fined Google and Amazon for dropping tracking cookies...

Fintech

2020.12.08

B4B Payments secured E-money Institution status for an activity in Europe after Brexit

B4B Payments, a British global payments innovator headquartered in London, offering smart and flexible corporate...

Fintech

2020.12.07

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

While the normal life was suspended under lockdown due to COVID-19 pandemic, this did not...

Fintech

2020.11.27

EBA publishes opinion on how prudential supervisors should assess financial institution‘s ML/TF risks

European Banking Authority (EBA) has issued an opinion that prudential supervisors across the EU when...

Fintech

2020.11.26

Lithuania became the new destination for UK payment and insurance intermediary agents looking to access to European market after the Brexit

BREXIT dramatically changes UK financial services landscape allowing Lithuania to become the new destination for...

Data protection

2020.11.23

Vodafone fined over 12 million Euros for aggressive telemarketing practices

The Italian data protection authority (Garante per la protezione dei dati personali, Garante) imposed a...