News

A new anti-financial crime unit launched by the Lithuanian government and eight financial institutions this year aims to boost exchanges of data on suspicious clients, patterns of illicit finance and other information between investigators, prosecutors and compliance officers. The Center of Excellence in Anti-Money Laundering in Lithuania officially began operations in May as a nonprofit jointly owned by the Baltic nation's central bank, Finance Ministry and eight commercial lenders: Swedbank, Luminor Bank, Revolut Bank, OP Corporate Bank, Medicinos Bankas, SEB, Siauliu Bankas and Citadele Banka. Eimantas Vytuvis, director of the public-private knowledge hub, spoke to ACAMS moneylaundering.com reporter Koos Couvée...