News

MiCA Regulation – Pan-European Crypto License

The recently adopted MiCA (Markets in Crypto-Assets) regulation is going to overrule all national crypto...

New Legislative Changes in the Field of Digital Operational Resilience and High Common Level of Cybersecurity

On 10 November 2022, the European Parliament passed two legal acts: The EU’s Digital Operational...

How to Comply With the Latest Bank of Lithuania Rules for BIC Holders?

The Bank of Lithuania has recently revised its rules governing agreements with BIC holders, aimed...

How Financial Market Participants Can Improve Their AML/CFT Compliance?

New instructions for financial market participants aimed at preventing money laundering and terrorist financing will...

How Financial Institutions Can Succeed in Keeping Track of the Sanctions Landscape, Avoiding Fines and Reputation Damage?

The Bank of Lithuania has issued instructions for fintechs on the implementation of international sanctions...

Compensation for Employees Whose Work is of a Mobile Nature is abolished

From 1st June 2023, the transition period ends and abolishes the compensation for employees whose...

From Risk to Resilience: ECOVIS ProventusLaw’s Solutions for FCIS Inspections and AML/CTF Compliance

Lithuania’s Financial Crime Investigation Service (FCIS) has been actively conducting inspections on companies to ensure...

Why Fintech Companies Need Internal Audit?

There is no secret that financial institutions, including fintech companies, need to perform internal audit....

MiCa approved: Will Legal Certainty Drive Investment in Crypto?

With the EU Parliament’s approval of the MiCA regulation some argue that the future of...