Gold has been one of the standout performers during 2020, rising from around $1500 an ounce to a whopping $2075 an ounce in August. However, with the precious metal having broken out of previous all-time…
Bank of Lithuania imposed €120,000 fine on Via…
Having conducted a targeted inspection of the electronic money institution Via Payments UAB, the Supervision Service of the Bank of Lithuania has identified some breaches of the Republic of Lithuania Law on the Prevention of…
Balance of Payments of the Republic of Lithuania…
Today the Bank of Lithuania published external statistics data for Q1 2020. The current account balance (CAB) has been in surplus for a number of consecutive periods. It grew almost 3.0 times over the year,…
Resolutions of the Board of the Bank of…
Obligations imposed on AB SEB In January–March 2020, the Bank of Lithuania conducted a targeted inspection of AB SEB, during which it assessed, among other things, its money laundering and terrorist financing risk management, customer…
Bank of Lithuania: Long economic and financial rehabilitation…
Lithuania’s economic and financial system managed to withstand the first shock of the COVID-19 outbreak better than previously expected. Although the latest economic signals indicate that the worst-case scenario might have been avoided, uncertainty surrounding…
Bank of Lithuania imposed a €110,000 fine on…
Having conducted a targeted on site inspection of the electronic money institution UAB ConnectPay, the Supervision Service of the Bank of Lithuania has identified a number of breaches of the Republic of Lithuania Law on the…
Development of the Bank of Lithuania’s digital collector…
The world’s first blockchain-based digital collector coin (LBCOIN) created by the Bank of Lithuania as well as its e-shop have entered the final testing phase. Upon its successful completion, the digital coin should be issued…
Bank of Lithuania: Market participants invited to share…
The Global Financial Innovation Network (GFIN), which also includes the Bank of Lithuania, invites innovative companies to share their experience in dealing with the COVID-19 pandemic. The GFIN aims to contact various companies around the…
Bank of Lithuania: Banks given guidelines on opening…
The Bank of Lithuania prepared and approved its position on the right of electronic money institutions (EMIs) and payment institutions (PIs) to access bank accounts opened with credit institutions. “We hope that this position, agreed…
