Tag: Kevin EU

Bank of Lithuania Halts New Customer Onboarding and Appoints Representative for Paytech Company Kevin Due to Compliance Failures!

Bank of Lithuania tamir - July 31, 2024

"The payments reset no one saw coming," is the marketing headline of the Lithuanian paytech Kevin. In a sense, this seems to be a self-fulfilling prophecy. The Bank of Lithuania has taken significant regulatory action against Kevin EU, UAB, suspending its ability to onboard new customers. This decision comes in light of Kevin's repeated failures to meet essential regulatory requirements, particularly in the areas of financial transparency, capital adequacy, and internal controls.

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