⚖️ The Financial Crimes Investigation Service #Литвы fined crypto processing company Payeer a record €8.23 million for non-compliance with international sanctions.

The company allowed clients, mainly from the Russian Federation, to carry out transactions with sanctioned banks and offered services for managing crypto wallets and storing assets.

Payeer will additionally pay €1.06 million for violating the Law on Prevention of Money Laundering and Terrorist Financing.

#Lithuania#Payeer