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Judicial and law enforcement authorities in Italy, Latvia and Lithuania have taken concerted action against a large-scale money laundering business, centring around a Lithuanian financial institution. Since 2017, an estimated EUR 2 billion has been laundered by two main suspects via a worldwide web ...
Lithuania on Friday sent in its official application to host the Anti-Money Laundering Agency (AMLA) to the European Commission, the Finance Ministry reports.
18 people, including ten in Lithuania, have been detained as part of a large scale international operation against drug trade, human trafficking and money laundering, the police of Lithuania's western county of Klaipeda says.
As a money laundering scandal has involved at least several banks operating in the Baltic states, the European Central Bank president on Thursday raised an idea of establishing a special institution to fight this problem.
The Bank of Lithuania will provide assistance to the Swedish and Estonian financial supervisory authorities in the investigation of recent information regarding alleged money laundering transactions linked with the Swedbank group.
Lithuania's Finance Minister Vilius Šapoka called on the eurozone and the European Union to establish a single anti-money laundering system after a money laundering scandal hit the Swedish banking group Swedbank on February 20.
Lithuania's Magnitsky legislation banning entry to foreigners involved in large-scale corruption, money laundering or human rights violations is making headway in the parliament.
The Lithuanian government on Wednesday appointed Antoni Mikulskis, deputy chief of the Vilnius County Police Headquarters, as director of the Financial Crimes Investigation Service, or FNTT, the prime minister's spokesman, Tomas Beržinskas, confirmed to BNS.
A Vilnius court will Monday pronounce a verdict on extradition of Evaldas Rimašauskas, Lithuanian national who is wanted in the United States on large-scale fraud charges, money laundering and identity theft.
The Vilnius Regional Court is scheduled to hear on Friday a request to extradite Evaldas Rimašauskas, a Lithuanian national suspected of defrauding US-based Internet giants Facebook and Google of 100 million US dollars, to the United States.
The number of Lithuanians being able to buy property purely in cash has been steadily multiplying in the last few years – in fact it is hard to imagine how many Lithuanians have been buying a home or apartment using cash - but such luxurious purchases may now have serious consequences.
Lithuania’s Financial Crime Investigation Service is working with Spanish authorities investigating possible money laundering at the Industrial & Commercial Bank of China branch in Madrid.
Will pressure from the United States, fear of losing the last dollar correspondent account, and an impending vote on admission into the OECD finally force Latvia to curb the laundering of dirty money for shady figures from the former Soviet Union via Latvia’s non-resident banks?
