Marked As High Risk
Kevin
The Bank of Lithuania has intervened in the operations of paytech firm Kevin due to significant compliance failures, appointing a temporary overseer and imposing business restrictions to protect consumer interests.
Trust Score
0
Red Flags
3
COMMENTS
3
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CRITICAL INTEL ON Kevin
Failure to Submit Audited Accounts: Kevin has not provided its audited annual accounts for nearly four months beyond the deadline, raising concerns about financial transparency.
Delayed Auditor Cooperation: The company has repeatedly postponed submission deadlines and failed to supply necessary information to auditors, indicating potential internal disorganization.
Regulatory Non-Compliance: Persistent non-compliance with essential regulatory requirements, particularly in financial transparency, capital adequacy, and internal controls, has been observed.
Operational Instability: These compliance issues suggest potential operational instability within Kevin, which could jeopardize consumer interests.
Regulatory Intervention: The Bank of Lithuania’s appointment of a temporary supervisor reflects a lack of confidence in Kevin’s management to rectify these issues independently.
Business Restrictions Imposed: Specific business limitations have been applied to Kevin to protect consumers and ensure the company’s sound operation.
Summary generated by data analyzed and provided by ChatGPT 4o, Grok and DeepSeek
3 CRITICAL INTEL ON Kevin
by: Ryan Thompson
Operational instability? Yeah, not surprised. When a company can't handle basic regulations, it’s a disaster waiting to happen.
by: Abigail Ward
The fact that they keep postponing deadlines and refusing to cooperate with auditors is alarming. This isn’t just a one-time issue—it’s a pattern of mismanagement.
by: Mason Bennett
When a company needs a supervisor to keep it in check, you KNOW the management isn’t doing its job right.