A news release from the Financial Crime Investigation Service advises that an AML/CFT evaluation follow-up from Moneyval says that Lithuania has improved its measures to combat money laundering and terrorist financing; it has been upgraded from “partially compliant” to “largely compliant” with FATF Recommendations 24 and 32, related to transparency of legal persons and cash couriers. Overall, Lithuania has achieved full compliance with 8 of the 40 FATF Recommendations constituting the international AML/CFT standard and retains minor deficiencies in the implementation of 27 Recommendations where it has been found “largely compliant”. 5 Recommendations remain “partially compliant” and Lithuania has no “non-compliant” rating. Consequently, Lithuania is expected to report back to MONEYVAL on further progress to strengthen its implementation of AML/CFT measures in 1 year’s time.
https://rm.coe.int/moneyval-2022-14-fur-lt/1680a9c7f1
https://www.buymeacoffee.com/KoIvM842y
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