Lithuanian Court reduces €370K fine issued to Paysera by the Bank of Lithuania in 2020, shareholder says online payment company holds itself to the ‘highest standards’ - AML Intelligence
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Lithuanian Court reduces €370K fine issued to Paysera by the Bank of Lithuania in 2020, shareholder says online payment company holds itself to the ‘highest standards’

By Elizabeth Hearst for AMLi

A Lithuanian Court has reduced a fine handed down to online payment company Paysera, ruling that the two fines were “unjustified”. 

Vilnius Regional Administrative Court found the two fines issued to the company in 2020 for “procedural violations” were unjustified, reducing the fine to €200,000 from €370,000.

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