Tag: Verifo

Statement Of Verified Payments To Our Report About Regulatory Audit!

Bank of Lithuania Ben -
On 5 May 2022, FinTelegram reported a regulatory audit of Verified Payments UAB d/b/a Verifo (www.verifo.com). The entity is regulated by the Bank of Lithuania, which scheduled an audit from May 6 to June 23, 2022, to assess the institution’s compliance with applicable anti-money laundering and terrorist financing requirements. FinTelegram has received a copy of the regulator's letter and additional insider information. Verifo sent a compliant to FinTelegram, which we publish in part below as a courtesy:

Bank of Lithuania launches probe into fast-track payment processor Verified Payments

Bank of Lithuania Ben -
The Bank of Lithuania notified the e-Money Institution (EMI) Verified Payments UAB d/b/a Verifo (www.verifo.com), regulated by license no. 27, of an audit to be conducted during the period from May 6 to June 23, 2022. The purpose of the audit is to assess EMI's compliance with applicable anti-money laundering and terrorist financing requirements. In addition to the online banking platform Verifo, EMI also operates a white-label banking solution to leverage its license.