"A regional monetary prevention evaluation will be performed," Marius Jurgilas told membrrs of the Seimas Committee on Budget and Finance on Wednesday. "We believe that the IMF is independent; they will carry out that evaluation".
The IFM's findings could be released next year, he added.
Jurgilas told BNS later that the study would identify the countries' weaknesses in money laundering prevention.
"To say if there are things yet to be clarified and improved, if everything has been identified and the bottom has been reached, and we can now start building a healthy financial system," he said.
Jurgilas said it was too early to say how much the evaluation study, which will be co-funded by all participating countries, might cost the Lithuanian central bank.
"This is not an initiative of the Bank of Lithuania.; this is a Nordic-Baltic joint initiative coordinated by the Nordic-Baltic Constituency of the IMF," he said.
The latest money laundering scandal was triggered by suspicions that around 200 billion euros might have been funneled via Danske Bank's Estonian unit over a period of several years.
The scandal widened in February to include Sweden's Swedbank and Finland's Nordea. The Organized Crime and Corruption Reporting Project (OCCRP) has reported about a money laundering scheme centering around Lithuania's now-collapsed Ukio Bankas.
The Lithuanian government will on Wednesday consider merging three state research institutes into one.
Monaco-registered GRH International has decided to establish its new R&D and manufacturing unit...
Lithuanian President Gitanas Nauseda , currently in Brussels, said on Friday he would seek to ensure...
11.22 million euros has been offered for the historic central post office building in central...