Restricted countries and industries list
Tax identification number or TIN - is a unique number set for individuals and companies for tax purposes. Please find more information on TIN here.
Politically Exposed Person or PEP - an individual who is entrusted with prominent public functions and immediate family members or persons known to be close associates of such person.
Prominent public functions shall mean the following functions in the Republic of Lithuania, the European Union and international or foreign state institutions:
1) heads of State, heads of government, ministers, vice-ministers or deputy ministers, secretaries of State and chancellors of parliament, government or ministry;
2) members of parliament;
3) members of supreme courts, of constitutional courts or of other high-level judicial bodies whose decisions are not subject to further appeal;
4) mayors of municipalities, directors of municipal administrations;
5) members of the management bodies of supreme audit and control institutions or chairs of the boards of central banks, deputy chairs or board members;
6) ambassadors, chargés d'affaires, envoys extraordinary and ministers plenipotentiary or high-ranking officers in the armed forces;
7) members of the management or supervisory bodies of state enterprises, public limited liability companies and private limited liability companies whose shares or a part of shares carrying more than 1⁄2 of all the votes at the general meeting of shareholders of these companies are held by the right of ownership by the State;
8) members of the management or supervisory bodies of municipal enterprises, public limited liability companies and private limited liability companies whose shares or a part of shares carrying more than 1⁄2 of all the votes at the general meeting of shareholders of these companies are held by the right of ownership by municipalities and which are considered to be large undertakings under the Law of the Republic of Lithuania on Financial Reporting by Undertakings;
9) heads and deputy heads of international intergovernmental organisations and members of their management or supervisory bodies;
10) heads and deputy heads of political parties and members of their management bodies.
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Question for non-residents
The source of funds refers to the origin of the particular funds or other assets which are the subject of the Business Relationship or Occasional Transaction.
The source of wealth refers to the origin of the person’s entire body of wealth (i.e., total assets). This information will usually give an indication as to the volume of wealth the Customer would be expected to have, and a picture of how they acquired such wealth.
European payment or SEPA - this type of transfer is beneficial when you need to transfer funds in euros to accounts in EU Member States or United Kingdom, Switzerland, Monaco, San Marino, Andorra as well as in EEA – Norway, Iceland and Lichtenstein.
Cross-border payment or SWIFT - this method is used to transfer funds to just about all countries of the world. The transfer is performed via correspondent accounts opened with correspondent banks, therefore you have to specify the details of your selected correspondent bank as well as the beneficiary’s account number and the bank’s BIC code.