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Virtual asset service providers, or VASPs, remained the primary target of anti-money laundering examinations and enforcement in Lithuania in 2024, the country's Financial Crime Investigation Service, or FCIS, has disclosed. Three years into a crackdown on cryptocurrency exchanges and other VASPs that have no concern for AML requirements, FCIS, which serves as Lithuania's financial intelligence unit while also coordinating supervision of the sector with the Bank of Lithuania, the country's central bank, has plenty of reasons to keep up the pressure. "Over the past three years, violations were identified in the activities of absolutely all inspected companies," Paulius Stagniunas, head...