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Lithuania's streamlined licensing environment and openness to innovation have transformed the country into a hub for fintechs in recent years, with more than 260 payment platforms, blockchain companies and financial software developers now calling the Baltic nation home. But as several of the country's top payment services providers, or PSPs, and electronic money institutions, or EMIs, and similarly modeled fintechs experience exponential growth in customers and transactions, the Bank of Lithuania has begun taking a closer look at the sector's compliance with anti-money laundering rules and ramping up enforcement. On Aug. 4, the Bank of Lithuania, which serves as the...