{"id":3572,"date":"2022-08-09T13:24:34","date_gmt":"2022-08-09T13:24:34","guid":{"rendered":"https:\/\/leadell.lt\/?p=3572"},"modified":"2022-08-09T13:24:34","modified_gmt":"2022-08-09T13:24:34","slug":"its-not-as-scary-as-it-seems-for-those-legal-entities-who-havent-provide-data-to-register-jangis-about-their-final-beneficial-owners-they-do-not-remain-without-banking-services","status":"publish","type":"post","link":"https:\/\/leadell.lt\/en\/its-not-as-scary-as-it-seems-for-those-legal-entities-who-havent-provide-data-to-register-jangis-about-their-final-beneficial-owners-they-do-not-remain-without-banking-services\/","title":{"rendered":"It&#8217;s not as scary as it seems for those legal entities who haven\u2019t provide data to Register (JANGIS) about their final beneficial owners &#8211; they do not remain without banking services"},"content":{"rendered":"<p>In Lithuania about 110.000 legal entities &#8211; two-thirds of those who had obligation &#8211; have not provided data about their final beneficiaries to the Information System of Beneficial Owners (JANGIS). Banks do not apply restrictions to them yet, but the problems may arise for those who want to become a new client of the bank. In the opinion of legal experts, this position of the banks doesn\u2019t violate the law.<\/p>\n<p>The business news portal vz.lt published an article \u201c<strong>It&#8217;s not as scary as it seems for those legal entities who haven\u2019t provide data to Register (JANGIS) about their final beneficial owners &#8211; they do not remain without banking services<\/strong>\u201d, in which Marius Grajauskas, Managing Partner of LEADELL Bal\u010di\u016bnas and Grajauskas law firm, commented about the information, risks and exceptions of JANGIS.<\/p>\n<p>You can find the full article (only in Lithuanian language) <a href=\"https:\/\/www.vz.lt\/finansai-apskaita\/2022\/08\/08\/nepateikusiems-duomenu-jangis--ne-viskas-taip-baisu-be-banku-paslaugu-jie-kol-kas-nelieka\">here.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In Lithuania about 110.000 legal entities &#8211; two-thirds of those who had obligation &#8211; have not provided data about their final beneficiaries to the Information System of Beneficial Owners (JANGIS). Banks do not apply restrictions to them yet, but the problems may arise for those who want to become a new client of the bank.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[74,35],"tags":[],"class_list":["post-3572","post","type-post","status-publish","format-standard","hentry","category-all","category-regulatory-compliance"],"better_featured_image":null,"acf":{"add_images":false,"choose_news_feed":{"term_id":35,"name":"Regulatory &amp; compliance","slug":"regulatory-compliance","term_group":0,"term_taxonomy_id":35,"taxonomy":"category","description":"","parent":0,"count":8,"filter":"raw","term_order":"0"}},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>It&#039;s not as scary as it seems for those legal entities who haven\u2019t provide data to Register (JANGIS) about their final beneficial owners - they do not remain without banking services - LEADELL Bal\u010di\u016bnas &amp; Grajauskas<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.leadell.lt\/en\/its-not-as-scary-as-it-seems-for-those-legal-entities-who-havent-provide-data-to-register-jangis-about-their-final-beneficial-owners-they-do-not-remain-without-banking-services\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"It&#039;s not as scary as it seems for those legal entities who haven\u2019t provide data to Register (JANGIS) about their final beneficial owners - they do not remain without banking services - LEADELL Bal\u010di\u016bnas &amp; Grajauskas\" \/>\n<meta property=\"og:description\" content=\"In Lithuania about 110.000 legal entities &#8211; two-thirds of those who had obligation &#8211; have not provided data about their final beneficiaries to the Information System of Beneficial Owners (JANGIS). Banks do not apply restrictions to them yet, but the problems may arise for those who want to become a new client of the bank.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.leadell.lt\/en\/its-not-as-scary-as-it-seems-for-those-legal-entities-who-havent-provide-data-to-register-jangis-about-their-final-beneficial-owners-they-do-not-remain-without-banking-services\/\" \/>\n<meta property=\"og:site_name\" content=\"LEADELL Bal\u010di\u016bnas &amp; Grajauskas\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-09T13:24:34+00:00\" \/>\n<meta name=\"author\" content=\"LEADELL\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"LEADELL\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.leadell.lt\/en\/its-not-as-scary-as-it-seems-for-those-legal-entities-who-havent-provide-data-to-register-jangis-about-their-final-beneficial-owners-they-do-not-remain-without-banking-services\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.leadell.lt\/en\/its-not-as-scary-as-it-seems-for-those-legal-entities-who-havent-provide-data-to-register-jangis-about-their-final-beneficial-owners-they-do-not-remain-without-banking-services\/\"},\"author\":{\"name\":\"LEADELL\",\"@id\":\"https:\/\/www.leadell.lt\/#\/schema\/person\/5a271ac7f28f32d071d1d8e343452316\"},\"headline\":\"It&#8217;s not as scary as it seems for those legal entities who haven\u2019t provide data to Register (JANGIS) about their final beneficial owners &#8211; 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