The Lithuanian Central Credit Union, overseeing the largest credit union group in Lithuania – the LKU Credit Union Group, has joined the activities of the Center of Excellence in Anti-Money Laundering (hereinafter – the Center) by signing a membership agreement. This step will strengthen the entire LKU Credit Union Group’s commitment to combating financial crime and contribute to the development of a more transparent financial system in Lithuania.
Learn more Experts Publication date: 19/11/2024The Financial Crimes Investigation Service has published a report of the National Money Laundering and Terrorist Financing Risk Assessment (NRA). The national evaluation, carried out every four years, is published in Lithuania for the third time and is one of the country’s essential instruments for combating money laundering and the financing of terrorism. The document, which is voluminous and requires great self-criticism, indicates what threats Lithuania faces. Now we already know how we have changed and how we look today. But the key question for decision-makers and the anti-money laundering community remains – what’s next?
Learn more Publication date: 18/07/2024Today, the Center of Excellence in Anti-Money Laundering and the sole National Promotional Institution INVEGA signed a membership agreement. By providing promotional financing services to companies in Lithuania, INVEGA has accumulated a wealth of knowledge and experience that will help shape more effective best practices and higher AML standards nationwide.
Learn more News Publication date: 25/03/2024The Center of Excellence in Anti-Money Laundering, bringing together experts from the public and private sectors, invites financial technology (FinTech) companies, credit unions, other financial institutions, and national development agencies to contribute to the Center’s activities. The admission of new members will be gradual.
Learn more ExpertsNews Publication date: 18/03/2024In response to the events in Israel in October the last year, the U.S. Financial Intelligence unit (FINCEN) released a warning regarding potential threats, related to financial flows intended to finance terrorist activities of HAMAS. At the end of January this year, Spanish officials reported the arrest in Barcelona of a thirty-year old who created a system for supporting the terrorists with crypto currencies. He collected sums totaling approximately 200 000 EUR. In such a background of global events our country is not unique.
Learn more News Publication date: 28/09/2022As a part of the Euro SIFMANet Project, the Center of Excellence in Anti-Money Laundering (AML Center) and the Royal United Institute Services Institute (RUSI) hosted roundtable discussions for experts on sanctions and illicit finance yesterday in Vilnius, Lithuania.
Learn more Publication date: 15/09/2022On 15th September 2022, the Center of Excellence in Anti-Money Laundering in Lithuania, together with the UK Royal United Services Institute (RUSI), convened a high-level international workshop to explore how to enhance the detection of economic crime in Lithuania through private-sector collaboration.
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