News

RegRally Insights: Your Guide to AML/CTF Compliance, December 2024

ECOVIS ProventusLaw welcomes you to its monthly newsletter on Anti-Money Laundering and Counter-Terrorist Financing. It...

MiCA to RegRally: The Crypto Guide – Global News Digest, December 2024

ECOVIS ProventusLaw brings you a curated selection of significant developments from the global crypto regulatory...

The Supreme Court Expressed It’s Position Regarding a Bank’s Right to Unilaterally Terminate a Contract With a Client

On November 6, 2024, the Supreme Court of Lithuania (SCL) reviewed a case concerning the...

Lithuania Strengthens Cybersecurity with New Law Aligned to EU Standards

The updated Law on Cybersecurity (the “Cybersecurity Law”) entered into force on 18 October 2024...

The Bank of Lithuania Adopts EBA Guidelines on Historical Data Resubmission

The Bank of Lithuania will follow the European Banking Authority’s (EBA) Guidelines on the Resubmission...

Enhancing Transparency: Key Changes to Debt Management Under the Amended Consumer Rights Law

Starting November 1, an important amendment to Article 40 of the Law on the Protection...

Bank of Lithuania Urges EMIs to Strengthen AML and Fraud Prevention Measures

The Bank of Lithuania (BoL) has issued a comprehensive analysis of money laundering and terrorist...

CJEU Clarifies Limits of “Legitimate Interest” Under GDPR for Commercial Data Processing

The Court of Justice of the European Union (CJEU) addressed how organisations can rely on...

FCIS Issues Updated Guidelines for Lithuanian Entities on International Sanctions Compliance

The Financial Crimes Investigation Service (FCIS) has issued updated guidelines detailing obligations for Lithuanian entities...