VILNIUS – The central Bank of Lithuania has issued a fine of 370,000 euros to Lithuanian-capital payment company Paysera LT for its anti-money laundering violations. The company plans to appeal.
The central bank says it was identified during an inspection in April-May that Paysera LT failed to properly assess money-laundering and terrorist funding risks and proper adherence to the existing legislation in terms of remote identification of clients, and also failed to ensure reinforced application of client identification measures for clients from the higher risk group...
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