Regulators in Lithuania, the small Baltic nation that over the past decade has become one of Europe's largest hubs for financial technology-based platforms, or fintechs, have recently ramped up scrutiny of the sector's anti-money laundering controls.
In March 2020, when the rapid spread of the novel coronavirus prompted governments across the globe to impose strict lockdowns, Germany launched a €50 billion federal support scheme for businesses set to incur huge losses during the pandemic.
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