The Lithuanian supervisory authority, Bank of Lithuania, has ordered the electronic money institution UAB Lux International Payment System not to provide any financial services to new and existing customers until an ongoing investigation has been concluded, until 31.01.2027 at the latest. The measure was ordered by the Lithuanian supervisory authority due to the suspicion of potential breaches of rules for the prevention of money laundering and terrorist financing as well as other legal requirements. The institution’s electronic money institution licence has not been suspended.
Further information may be found (in Lithuanian only) on the Bank of Lithuania website: https://www.lb.lt/lt/naujienos/ipareigojimai-lux-international-payment-system
The basis for this publication is Article 26 para. 9 of the Electronic Money Act (E-GeldG; E-Geldgesetz).