US EditionRevolut’s EU Trading Unit Gains MiFID II Upgrade from Lithuania Following €3.5 Million Fine
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Revolut’s EU Trading Unit Gains MiFID II Upgrade from Lithuania Following €3.5 Million Fine
Revolut Securities Europe UAB (RSEUAB), the European trading subsidiary of Revolut, has received a license upgrade from the Bank of Lithuania. The firm is now classified as a Category A financial firm under the Markets in Financial Instruments Directive II (MiFID II).Earlier this month, the Bank of Lithuania fined Revolut 3.5 million euros ($3.83 million) for deficiencies in money-laundering prevention. A routine inspection found issues with the…
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