As a licensed payment institution, we are obliged to collect and store the information required by the Law on the Prevention of Money Laundering and Terrorist Financing of the Republic of Lithuania (the AML law) and the Law on Payments of the Republic of Lithuania (the Payments law).

As the Payment institution, we must collect the data on the customer, representative, and UBO, as listed in the AML law.

The AML law obliges payment institutions to store the documents and information obtained (including copies of identity documents) for eight years from the date of termination of transactions or business relationships with the customer.