Lithuania’s Anti-Profit Shifting measures Assessed by MONEYVAL

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Lithuania is the latest EU Member to be investigated by the Council of Europe’s MONEYVAL (anti-money laundering compliance committee) with assessments. The committee applied its enhanced follow-up procedure; ordering Lithuania to moderate some ‘serious vulnerabilities’ in their anti-profit shifting measures.

Several other suggestions were made regarding the investigation and legislation prosecution of money laundering, as well as the overseeing of anti-money laundering activities. Lithuania make the necessary amendments and report back in 2020.