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Bank of Lithuania Temporarily Suspends Lux International Payment System Services Amid AML Concerns
The Bank of Lithuania has temporarily prohibited UAB Lux International Payment System from providing financial services to both new and existing customers after identifying what it described as serious deficiencies and possible breaches of money laundering and terrorist financing prevention requirements. The intervention was imposed while the central bank conducts an ongoing inspection into the electronic money institution's activities. The restriction was announced on 4 Augu
Aug 186 min read
Lithuania’s Gambling Market Reaches €65.7m in Q1 2026 as Online Gaming Continues to Dominate
Lithuania’s gambling industry recorded continued growth during the first quarter of 2026, with online gaming strengthening its dominance over the market while land-based operations continued to decline. According to newly released figures from the Lithuanian Gaming Control Authority, the country’s gambling market generated gross gaming revenue (GGR) of €65.7m in Q1 2026, representing a 6% increase compared to the same period last year. The latest data highlights the accel
May 282 min read
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