News

Midweek Roundup: Lithuania Finalizes Record Penalty, FATF Censures US, and More

Lithuania's Financial Crimes Investigation Service fined local cryptocurrency platform Payeer a record €9.3 million for breaching EU sanctions against Russia and violating anti-money laundering rules, Bloomberg reported. More and More The Financial Action Task Force accused the U.S., China and Australia of fueling financial crime by failing to subject attorneys, real estate agents, notaries, accountants, and trust and corporate services providers to AML rules, ACAMS moneylaundering.com reported. More Australia's attorney general responded to FATF's criticism by pledging to introduce legal reforms to subject lawyers and other non-financial professions to AML requirements, Bloomberg reported. More Maltese authorities charged a former compliance...

TO READ THE FULL STORY