Latvia's Financial Crimes Investigation Service (FNTT) has fined crypto payment service provider Payeer a record $10 million for violating European Union sanctions against Russia. According to FNTT, Payeer facilitated access to crypto wallet services for individuals and companies in Russia and channeled funds through banks subject to EU sanctions. 🚫 Additionally, Payeer was also fined $1.15 million for violating Latvia's anti-money laundering and anti-terrorist financing protocols. This demonstrates the EU's determination to ensure harmonization in the crypto sector.