According to Foresight News, Lithuania-registered crypto company Payeer was fined 8.24 million euros by Lithuania for violating international sanctions and another 1.06 million euros for violating anti-money laundering laws. The Lithuanian Financial Crime Investigation Bureau pointed out that Payeer allowed Russian customers to "transact in rubles by transferring funds from Russian banks sanctioned by the EU." This gave Russian individuals and legal entities the opportunity to obtain cryptocurrency wallets, account management or storage services.
