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Revolut slapped with €3.5M fine by Lithuania's central bank over money laundering prevention failings
08 Apr 2025 18:55 GMT
… money laundering prevention rules. The Bank of Lithuania carried out a scheduled inspection … compliance and cooperated with the Bank of Lithuania in taking immediate action … financial crime."
The Bank of Lithuania said that Revolut acknowledged the …
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Revolut hit with £3m fine by Bank of Lithuania for anti-money laundering control failures
08 Apr 2025 17:49 GMT
… .5m (£3m) fine by the Bank of Lithuania due to deficiencies in its … licensed and regulated by the Bank of Lithuania and the European Central Bank … compliance and cooperated with the Bank of Lithuania in taking immediate action to …
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Revolut hit with €3.5m fine by Lithuania for AML shortcomings
09 Apr 2025 14:58 GMT
… penalty to date.
The Bank of Lithuania, which oversees Revolut’s European … regulatory standards, cooperated with the Bank of Lithuania, and took immediate action to … the potential maximum penalty. The Bank of Lithuania acknowledged Revolut had admitted the …
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Correction: Half a year of AB Akola Group: net profit grew by more than a third
09 Apr 2025 14:32 GMT
… Market Supervision Department of the Bank of Lithuania and the terms specified in …
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Revolut fined €3.5mn over money laundering control failures
09 Apr 2025 13:53 GMT
… ’s largest financial penalty.
The Bank of Lithuania — which regulates Revolut’s operations … customers”, the watchdog said.
The Bank of Lithuania fined Revolut €70,000 in … had co-operated with the Bank of Lithuania in taking immediate action to …
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US fintech giant Robinhood set to enter Lithuania
08 Apr 2025 19:00 GMT
… to Robinhood Europe.
"The Bank of Lithuania has issued an A-category … licensed and overseen by the Bank of Lithuania. Forty-three percent of these …
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Revolut slapped with 3.5m fine after failing to tackle money laundering, regulator says
08 Apr 2025 17:58 GMT
… Lithuania. As a result, the Bank of Lithuania jointly regulates the company… Central Bank.
On Tuesday, the Bank of Lithuania said it had fined Revolut … compliance and cooperated with the Bank of Lithuania in taking immediate action to …
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Revolut handed £3m fine for money laundering control ‘shortcomings’
08 Apr 2025 14:56 GMT
… been fined by the Bank of Lithuania.
UK fintech Revolut … and [transactions]” by the Bank of Lithuania.
The watchdog said failings … and regulated by the Bank of Lithuania and the European … and cooperated with the Bank of Lithuania in taking immediate action …
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Lithuanian president, govt to go to Japan, Vietnam in June to help businesses find markets
08 Apr 2025 13:53 GMT
… euros last year.
The central Bank of Lithuania estimates that a possible trade …
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Lithuania fines Revolut 3.5 million euros for money-laundering prevention failures
08 Apr 2025 12:18 GMT
VILNIUS (Reuters) - Lithuania's central bank has fined Britain's most valuable start-up Revolut 3.5 million euros ($3.83 million) for failures in money-laundering prevention, the bank said on Monday. The British fintech company, which is …
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