The Bank of Lithuania (LB) imposed it for violations of legal acts related to client fund protection and internal control, LB announced on Friday.
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LB conducted a targeted planned inspection of “Nayax Europe” and identified violations and shortcomings.
According to the announcement, the institution approached LB regarding the possibility of concluding an administrative or peace agreement and took steps to eliminate the violation and shortcomings, and had already implemented some of the planned measures earlier. LB decided to conclude such an agreement.
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“Nayax Europe” also committed to submit an audit firm’s conclusion to LB on the elimination of the violation and the identified operational shortcomings by April 30, 2027, at the latest.
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As BNS wrote, the “Nayax Europe” unit in Lithuania was registered in 2018.
