MONEYVAL: LITHUANIA SHOULD STEP UP ITS EFFORTS TO STRENGTHEN ITS UNDERSTANDING OF MONEY LAUNDERING AND FINANCING OF TERRORISM RISKS

A Council of Europe news item says that its Moneyval body calls in a report for the Lithuanian authorities to strengthen their understanding of money laundering and financing of terrorism risks and to conduct the next iteration of the national risk assessment.  Based on the results of its evaluation, MONEYVAL decided to apply its enhanced follow-up procedure to Lithuania.  Based on the results of its evaluation, MONEYVAL decided to apply its enhanced follow-up procedure and invited Lithuania to report back in mid-2020.

https://www.coe.int/en/web/moneyval/-/lithuania-should-step-up-its-efforts-to-strengthen-its-understanding-of-money-laundering-and-financing-of-terrorism-risks-says-council-of-europe-repor

MONEYVAL MUTUAL EVALUATION OF LITHUANIA AML/CFT

https://rm.coe.int/committee-of-experts-on-the-evaluation-of-anti-money-laundering-measur/16809247ed

A summary of the findings is at –

https://rm.coe.int/summary-moneyval-2018-16-5th-round-mer-lithuania/1680923f15

lithuania

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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