The Bank of Lithuania on Thursday 1 June 2023 determined that the electronic money institution Transactive Systems UAB seriously and systematically infringed anti-money laundering and counter terrorist financing (AML/CTF) requirements (press release). The Bank of Lithuania imposed a fine of €280,000 on the company and revoked its licence to provide financial services. The main infringements identified were: the institution failed …
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Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters &...
Lithuania