aA
The British start-up Revolut on Wednesday filed an official request to a Lithuanian government commission, asking it to evaluate the company for a third time in terms of its compliance with national security interests.
Nikolajus Storonskis
Nikolajus Storonskis
© DELFI / Andrius Ufartas

The company decided to turn to the Commission for Coordination of Protection of Objects of Importance to Ensuring National Security in response to discussions in the Lithuanian parliament and also to dispel any doubts over its activity in Lithuania, Revolut said.

"As we see that questions are still being raised and also appreciate the work of the government's representatives and wish to have all the necessary answers, we want to dispel all possible doubts over the company's compliance to operate in this sector," Revolut founder and CEO Nikolay Storonsky was quoted as saying in the company's statement.

Revolut said it had sent a personal letter to Stasys Jakeliunas, chairman of the parliamentary Committee on Budget and Finance, informing him of the company's decision to turn to the commission.

On Thursday, the Seimas of Lithuania is due to vote on discussing a parliamentary resolution. If the parliament orders the commission to once again carry out Revolut's assessment, it will be a third time already. Previously, the commission concluded both times that Revolut poses no threat to national security.

Meanwhile, Jakeliunas believes that Lithuanian institutions' costs on Revolut-related risk management are already disproportionate to the potential risk-benefit balance, and they will continue growing in the future.

The European Central Bank issued a specialized bank license to Revolut Bank last year following the proposal of the Bank of Lithuania.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.
|Populiariausi straipsniai ir video

Sapoka: country's economy is withstanding pandemic challenges very well

Lithuania's economy is coping very well with challenges induced by the coronavirus crisis, and the...

Zalatorius steps down as head of Lithuania's banking association

Mantas Zalatorius , suspected of corruption, is stepping down as head of the Association of...

Coronavirus-triggered economic crisis less severe than in 2009

Lithuania's gross domestic product contracted by 3.7 percent in the second quarter of 2020 from a...

Kucinskas is under investigation in Lithuania as well

Vidmantas Kucinskas , the founder of the Arvi business group who has been recently detained in...

Sources: Game Insight hit by Chinese hackers (2)

Game Insight , a Lithuanian developer and publisher of free-to-play mobile games and social-network...

Top news

Corruption-suspected health vice minister hands in resignation letter (1)

Lithuania's Deputy Health Minister Lina Jaruseviciene recently named a suspect in an investigation...

Checkpoint on Lithuanian-Belarusian border to be opened

Lavoriskes-Kotlovka border checkpoint on the Lithuanian-Belarusian border will be opened on Tuesday.

Tornau wins competition for cultural attaché to UK

Ula Marija Tornau has won the Lithuanian Culture Ministry's competition for the post of cultural...

17 new coronavirus cases

On Monday 17 new COVID-19 cases were detected in Lithuania. Overall, it adds to 2137 confirmed...

2-week isolation for returnees from France, Malta ordered

Lithuanian nationals returning from France and Malta have to self-isolate for two weeks as of...

|Maža didelių žinių kaina