Home » today » News » Warning: Unlicensed Company Labas Finance Poses as Fintech Provider, Bank of Lithuania Takes Action

Warning: Unlicensed Company Labas Finance Poses as Fintech Provider, Bank of Lithuania Takes Action

It is reported that the company advertises itself as providing other financial services – such as payment cards, payment accounts, insurance, etc.

“We remind you that only licensed financial market participants have the right to provide financial services in Lithuania, and Labas Finance does not have the right to provide such services.

The Bank of Lithuania is taking steps to block this website,” the Bank of Lithuania said in a statement.

After receiving similar offers, we first recommend checking on the website of the Bank of Lithuania whether the company has the right to provide payment or other financial services. If you do not have such rights, it is recommended not to deal with them.

2023-10-24 12:28:29


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