LithuaniaThe Bank of Lithuania urged financial market participants to identify and assess anti-money laundering and counterterrorist financing risks associated with nonprofit organizations on an individual basis in order to avoid their automatic attribution to higher-risk customers.
The Seimas passed a resolution in response to the Belarusian government’s actions concerning a civil aircraft.
Hamas moved cryptocurrency donations through Binance, UAB Finolita Unio loses Lithuanian license over Wirecard ties, and more, in the midweek roundup.
Credit Suisse ignored red flags, Lithuanian payments processor under investigation, and more, in the midweek roundup.
Baltic Nations Ambivalent Over EU-level AML Supervision
Legal Brief: AML Overhaul in the Baltics
The Bank of Lithuania revoked the license of the Vilnius, Lithuania-based company for serious violations of anti-money laundering and counterterrorist financing requirements.
The Bank of Lithuania fined the Vilnius, Lithuania-based electronic money institution for violations fo the Law on the Prevention of Money Laundering and Terrorist Financing.
| Technical | Effectiveness |
|---|---|
| Compliant : 9 | High : 0 |
| Largely Compliant : 23 | Substantial : 1 |
| Partially Compliant : 8 | Moderate : 10 |
| Non-Compliant : 0 | Low : 0 |
| Rank : 131/141 |
| Score : 3.51/10 |
| Rank : 35/180 |
| Score : 60/100 |
| Rank : 105/133 |
| Score : 50/100 |