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11 Results from /wholesale, "Bank of Lithuania"

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Lithuanian Government gives green light to the Centre of Excellence in Anti-Money Laundering

Yesterday, a unique public-private cooperation project initiated by the Bank of Lithuania was given a green light, when the Lithuanian government approved the establishment of the Centre of Excellence in Anti-Money Laundering.

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Bank of Lithuania calls for a uniform EU-level approach to fight money laundering

According to the Bank of Lithuania, harmonisation of rules and requirements throughout the European Union (EU) would help to enhance anti money laundering (AML) and counter terrorist financing (CTF) efforts in an effective manner, eliminate existing regulatory fragmentation and ensure a unified European approach.

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Bank of Lithuania: Progress of financial innovations requires equal treatment at EU level

In response to the European Commission’s consultations on the development of the digitalisation of financial services in Europe, the Bank of Lithuania proposes to apply uniform regulation throughout the European Union (EU), following a technologically neutral approach, and applying smart supervisory solutions more widely.

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Bank of Lithuania enlists startups to help reduce reporting burden

The Bank of Lithuania has chosen two companies to create and test a smart solution that would streamline reporting procedures – information for supervision purposes would be generated in a uniform format and collected automatically by the Bank of Lithuania, thus reducing the administrative burden.

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Bank of Lithuania issues Guidelines on Security Token Offering

The Bank of Lithuania has issued the Guidelines on Security Token Offering which provide greater regulatory clarity and aim at higher investor protection.

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Lithuania’s financial regulator launches its regulatory sandbox

Startups and other businesses developing financial technologies (FinTech) will soon be able to test their innovative products in a live environment under the guidance and supervision of the central bank of Lithuania.

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Bank of Lithuania releases new RegTech tool for e-licensing

The Bank of Lithuania has introduced an e-licensing tool that makes submission of information necessary to obtain an operating licence quicker, easier and less expensive.

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Singapore and Lithuania agree fintech collaboration deal

The Monetary Authority of Singapore (MAS) and the Bank of Lithuania have agreed to work together to support the development of the FinTech ecosystems and encourage greater financial innovation in the two countries.

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Bank of Lithuania off the mark with instant payments

The Bank of Lithuania has expanded the capacities of its CENTROlink payment system to become one of the first locations in Europe where payment service providers can offer instant payments to their clients.

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Bank of Lithuania promises fastest financial institution license for FinTech companies in EU

The Central Bank of Lithuania has made an unprecedented promise to FinTech companies by announcing it will provide preliminary answers to financial institution licence enquiries within one week, the fastest turnaround in the EU.

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Bank of Lithuania joins EBA Clearing Step2 platform

EBA CLEARING announced today that Lietuvos Bankas, the Lithuanian central bank, joined the pan-European euro retail payment system STEP2 as a direct participant on 7th December 2015 with a view to extending full SEPA reach to the local banking community.

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