LithuaniaDuring the 69th Plenary Meeting of the Conference of Parliamentary Committees for Union Affairs, the Lithuanian delegation congratulated Sweden on the adoption of sanctions packages and stressed the importance of removing exceptions and derogations in the Russia and Belarus sanction regimes.
During the 69th plenary meeting of the Conference of Parliamentary Committees for Union Affairs, Radvilė Morkūnaitė-Mikulėnienė, Chair of the Committee on European Affairs, advocated for the inclusion of the Russian state atomic energy corporation and Iran in sanctions.
France sees shift in STR filings, Brazil sentences former president, and more, in the weekly roundup.
Lithuania Revokes EMI’s License Following Systemic AML Violations
Lithuania’s central bank took the rare step Thursday of yanking a local electronic money institution’s license and fining the company €280,000 after examiners uncovered a string of egregious anti-money laundering violations.
The Bank of Lithuania fined the Vilnius-based financial services company €280,000 and revoked its license after an inspection found serious and systematic violations of anti-money laundering and counterterrorist financing requirements.
The Bank of Lithuania revoked the license of the Vilnius, Lithuania-based company for serious violations of anti-money laundering and counterterrorist financing requirements.
| Technical | Effectiveness |
|---|---|
| Compliant : 8 | High : 0 |
| Largely Compliant : 25 | Substantial : 1 |
| Partially Compliant : 7 | Moderate : 10 |
| Non-Compliant : 0 | Low : 0 |
Lithuania's technical compliance was re-rated in a Nov. 30, 2021 follow-up report
| Rank : 9/110 |
| Score : 3.51/10 |
| Rank : 35/179 |
| Score : 60/100 |
| Rank : 105/133 |
| Score : 50/100 |