The imposition of a significant financial penalty against Paysera LT, UAB, stemmed from its failure to submit mandatory annual financial statements for the year 2024 by the stipulated deadline of September 30. According to reports, the bank initially levied a fine of €20,000 in November of the preceding year for non-compliance. Because the institution continued the state of non-adherence, the bank escalated the penalty structure.
The initial fine was supplemented by a daily charge, which increased progressively based on submission timelines. Specifically, the daily fine was set at €1,000 until a certain point, escalating to €2,000 per day if the statements were not submitted by January 6, 2026, and further increasing to €3,000 per day thereafter. The final calculated amount reflects the total cumulative fine accrued over the entire period of infringement.
This total was calculated for every day the non-compliance persisted, commencing from November 7, 2025, until the issue was finally resolved after May 6, 2026. Consequently, the total fine levied against Paysera LT, UAB, was directly tied to the duration of the infringement, demonstrating the financial consequences associated with the sustained failure to meet regulatory filing requirements.
Topics: #fine #paysera #infringement
