Lithuania

Consultation by Lietuvos bankas: what’s next for Lithuania’s payments market?

April 6, 2025

To provide more possibilities to choose and higher protection for consumers and to ensure the development of services, Lietuvos bankas presents a proposal for a payments market strategy up to [..]

Latvia

Finance Latvia Association does not support the proposed windfall tax on banks

September 13, 2024

Finance Latvia Association does not support the proposed windfall tax on banks, as the association’s representatives informed LETA. However, while respecting the right of the state to set taxes and [..]

Lithuania

Lithuanian c. bank restricts Foxpay’s activities, appoints temporary representative

July 12, 2024

The Bank of Lithuania said on Friday it has restricted the activities of Foxpay, a financial technology company under the scrutiny of law enforcement authorities, and appointed Grant Thornton Baltic [..]

Estonia

Bill to do away with banks’ ability to close accounts without reason

June 21, 2024

The Estonian Ministry of Finance has sent to a coordination round law amendments seeking to better ensure the availability of basic payment services for people, such as opening a bank [..]

Estonia

Estonian parlt places crypto industry under FSA supervision

June 6, 2024

The Estonian parliament passed on Wednesday a government-initiated cryptocurrency market law, placing both cryptocurrency service providers and issuers under the supervision of the Financial Supervisory Authority (FSA). The bill was [..]

Lithuania

Frankfurt beats Vilnius, other cities to host EU anti-money laundering agency

February 23, 2024

The European Union’s new Anti-Money Laundering Authority (AMLA) will be based in Frankfurt, which beat off competition from eight other contenders including Vilnius. According to BNS sources in EU bodies, [..]

Lithuania

Fixed interest rates would close Lithuania’s mortgage market to EU banks – industry rep

February 21, 2024

Obligating banks to offer mortgages with interest rates fixed for at least five years would make it difficult for new lenders from other EU countries to provide such loans in [..]

Lithuania

Lithuania’s c. bank orders Paysera to provide info on Stepukonis’ gambled away millions

February 6, 2024

The central Bank of Lithuania has ordered Paysera to provide related information as Sarunas Stepukonis, a former partner at BaltCap Infrastructure Fund, an fund managed by BaltCap, an investment company, [..]

Latvia

Rimsevics case was a major reputational blow for central bank and Latvia – Kazaks

December 21, 2023

The indictment of former President of the Bank of Latvia Ilmars Rimsevics for bribery crimes in 2018 was a serious reputational blow to the Bank of Latvia and the country [..]

Estonia

United States to give USD 50 mln of Danske Bank penalty to Estonia

October 13, 2023

As an expression of gratitude for its cooperation in the investigation of the Danske Bank money laundering case, the US Department of Justice will share 50 million US dollars in [..]