Lithuania's Anti-Money Laundering Regime Recently Put Through its Paces

The Council of Europe’s anti-money laundering compliance committee (Moneyval) has applied its enhanced follow-up procedure to Lithuania; ordering it to alleviate and moderate some of the significant weaknesses found regarding the country’s investigation and court sentences for those found guilty of money laundering, terrorist financing and the overall system for disclosing anti-money laundering activities in Lithuania.

Lithuania has taken on board the feedback and must report back to Moneyval and the EU in the middle of 2020.