Revolut fined €3.5m in Lithuania over monitoring failings

The Bank of Lithuania has levied a €3.5m penalty on UK fintech Revolut's European bank after it found "violations and shortcomings in the monitoring of business relationships and [transactions]".

The Bank of Lithuania has levied a €3.5m (US$3.9m) penalty on UK fintech Revolut's European bank after it found "violations and shortcomings in the monitoring of business relationships and [transactions]". [1]