Posts tagged as Baltic banks

Lithuania to step up anti-money laundering effort

Tuesday, August 4, 2020

Lithuania plans to establish an anti-money laundering competence centre, a response to several scandals that hit Nordic and Baltic banks in recent years. The new institution’s operations would be funded with contributions from the Bank of Lithuania and commercial banks. “Potential money launderers are getting increasingly smart and use new ways to legalise illegally obtained funds,” a draft resolution by the Lithuanian government reads. “As the environment of money laundering…