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A unit of the Lithuanian Financial Crimes Investigation Service (FNTT) has published a list of cryptocurrency companies that have violated anti-money laundering and countering the financing of terrorism (AML) rules.
A representative of the financial intelligence said that as of August 2, the list included both popular crypto firms in the country and their financial intermediaries. The published list includes Spectro Finance and Bitgron, which have so far only received a warning from FNTT. And BXChange, Kaiser Exchange International, Entara, Stirdena, Hodleris and Katren CD will have topay a fine of up to €1.1 million.
AML violators can file an appeal with the Vilnius District Administrative Court within a month from the date of receipt of the order.However, the law enforcement agency explains: the appeal does not cancel the decision of the regulator and does not suspend itits execution, except in cases of imposition of fines or revocation of the license.
A year earlier, the Ministry of Finance of Lithuania announced that against the backdrop of international tensions and the growth of the crypto industry, the country will have new rules for holders of digital assets and willThe necessary amendments to the legislation to combat money-laundering have been adopted.