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Lithuanian report Lithuanian report
by Euro Reporter
2012-02-26 10:16:04
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Lithuanian archive releases names of KGB collaborators in transparency drive

Lithuania’s government has released the names of 238 citizens who were reservists for the KGB when their country was ruled by the Soviet Union, and said Wednesday it plans to identify scores of people who have refused to disclose their relations with the security agency. All this information, including interrogation techniques the KGB used in Lithuania, is contained in thousands of Soviet files held by Lithuania’s official Genocide and Resistance Research Centre and are slated to be released soon. Documents containing the 238 names were put on the Internet on Tuesday as part of a campaign in the Baltic country to come to terms with 50 years of Soviet occupation after World War II.

“I believe this project will help Lithuania to shake KGB disease. It is always better to know truth,” said Birute Burauskaite, the centre’s director. Former Foreign Minister Antanas Valionis and State Security Department chief Arvydas Pocius were among the names released. Several years ago, they admitted being reservists for the KGB, and both men’s careers eventually suffered as a result of the confession. KGB reservists did not necessarily work for the KGB, but were kept on reserve in case a major event, such as a war, required a sudden influx of manpower.

Burauskaite said thousands of KGB files would be released in the near future. They contain information on KGB officers’ biographies and operations, as well as on individuals who were listed as reservists but have not admitted working for the KGB. “All these documents are kept at our centre’s archives. Some of them cannot be released — mostly personal files of former KGB collaborators or employees who registered with” a government commission, said Burauskaite. In 1999 Lithuania passed a law that gave all ex-agents and informers six months to file detailed confessions to the commission in exchange for keeping their names confidential. Some 1,600 people registered, but the commission later disclosed their names and details, despite its pledge of confidentiality.


Bank of Lithuania to license electronic money institutions

The Lithuanian Law on Electronic Money and Electronic Money Institutions came into force in 2012, so the Bank of Lithuania will be issuing licenses, permits, consents to the Electronic Money institutions, and perform other actions, the bank of Lithuania reports. The Board of the Bank of Lithuania adopted three resolutions earlier and another six on February 23, 2012, which have formulated requirements and conditions for operations of such institutions, writes LETA.
The formation of the package of by-laws necessary for electronic money institutions to apply for operational licenses and starting activities has been finalized. Various aspects of electronic money institutions' operations will be regulated the same way as operations of payment institutions, accordingly, amendments were made to the existing rules for payment institutions. The Board also adopted other resolutions to approve: licensing provisions for electronic money and payment institutions; Requirement Rules for Payment Institutions' Top Management and Members of the Intermediary Management Bodies and for the Notification on the Payment Institution's Top Management; Regulations for the Issue of the Permit to Reorganize or Liquidate the Payment Institution; Rules for the implementation of the right to issue, distribute and redeem electronic money and provide payment services in the Republic of Lithuania and other Member States; Licensing rules for branches of foreign electronic money institutions established in the Republic of Lithuania; Public administration of the list of electronic money and payment institutions.
Also, the Board approved Requirements for Electronic Money and Payment Institutions on Internal Control, Risk Management, and Protection of Received Funds, as well as the forms of reports on the implementation of protection requirements for the funds received by electronic money and payment institutions, and the forms of reports on the supervision of such institutions. The resolutions and new rules of the Bank of Lithuania for regulating activities of electronic money and payment institutions will be available on the bank's website.


Insurance brokers must pass an examination to prove their qualification.

The insurance law provides for only an impeccable reputation natural person who has passed a qualifying examination for insurance brokers to become an insurance broker. Currently, the number of natural person who hold an insurance broker's license is 911, the central bank said in a statement, writes LETA/ELTA.
It was established that applicants must submit their documents to the Bank of Lithuania within 14 days after publication of the said ruling.
The qualifying examination for insurance brokers is expected to be organised on 17 April this year.

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