money laundering

Information exchange, technology and effective data management prevent money laundering

The importance of effective data management and active exchange of information between institutions was underlined by the representatives of the Bank of...

Estonian regtech startup Salv raises EUR 4mn to combat financial crimes

Estonian regtech firm Salv has secured EUR 4 million in a seed funding round extension to combat financial crimes. The funding round was led by New...

Bank of Lithuania to inspect 16 financial institutions in 2023

The Bank of Lithuania has published its Financial Market Participant Inspection Plan for 2023.

MONEYVAL report on Lithuania: improvements in transparency of legal persons and in powers of customs authorities

Lithuania has improved its measures to combat money laundering and terrorist financing; it has been upgraded from “partially compliant” to “largely...

IMF points to Lithuania’s economic resilience ^{calls for a conscious policy}

Seimas opposition asks president to veto legislation on excessive personal data collection by banks