LithuaniaOn Sept. 20, 2022, U.S. Speaker of the House Nancy Pelosi met with the speaker of the Lithuanian Parliament, Viktorija Čmilytė-Nielsen, to discuss comprehensive support to Ukraine, sanctions against Russia, strengthening NATO’s Eastern flank, and strategic partnership between Lithuania and the U.S.
On Sept. 6, 2022, Spain’s chairman of the Foreign Affairs Committee met with counterparts at the Lithuanian Parliament to discuss matters of foreign and security policy associated with support to Ukraine.
In Europe, Suspicious Payments Triple Thanks to VASPs, Cryptocurrency
Virtual assets service providers, especially the six now operating from Finland, played a significant role in driving up the volume of suspicious transaction reports at an unprecedented rate in Europe last year, data collected by ACAMS moneylaundering.com shows.
Gatehouse Bank fined for AML violations, HMRC targets U.K. corporate services providers with more supervision, and more, in the weekly roundup.
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 : 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 |