The basic index of papers submitted along with the petition consists of the company’s charter, strategy for the next three financial years, proof of solvency, and an exposition of measures to protect the interests of clients.
It is mandatory to provide information about the key persons who manage the organization. Everyone must have relevant experience and education to understand the industry and be skilled in management. The reputation of such individuals should not be tarnished by criminal records or previous bankruptcies.
lithuania e money license applicants should adopt the essential lines to combat fraud and money laundering (appoint a certified compliance officer). It is important to render copies of an agreement with an independent audit firm that will carry out annual audits, and an agreement with a company that maintains the IT infrastructure, ensuring its security.