The Speakers of the Lithuanian Parliament and the Canadian House of Commons held discussions in Ottawa regarding Canada’s role in the security of the Baltic Sea Region and continued efforts to support Ukraine.
The Prime Ministers of Estonia, Latvia, and Lithuania issued a joint declaration acknowledging the region’s challenging position with respect to Russia.
If implementing an unprecedented volume of financial and commercial restrictions against Russia posed the greatest challenge for European financial institutions in 2022, in 2023 they felt the added pressure of intensifying efforts by Western governments to enforce them.
Judge orders Binance founder to stay in U.S., U.K. betting firm fined £585 million, and more, in the midweek roundup.
The Bank of Lithuania revoked the license of the Vilnius, Lithuania-based electronic money institution for serious violations of the Law on Electronic Money and Electronic Money Institutions, Law on Payments, and the Law on the Prevention of Money Laundering and Terrorist Financing.
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.
|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