The Bank of Lithuania informed FMA that on 8 June 2021, the license of the e-money institution “UAB Finolita Unio” has been revoked for severe infringements of anti-money laundering and counter-terrorist financing requirements. As a consequence, the freedom to provide services in Austria by UAB Finolita Unio is also terminated.
For further details concerning the withdrawal of the license please see the following link:https://www.lb.lt/en/news/licence-of-finolita-unio-revoked