Anti-Financial Crime & Financial Crime Compliance
Regulatory Intelligence Leadership | Insight | Network

Analysis & Opinion, Crypto, EU/Europe, Schuman

INSIGHT: War and hopes of attracting AMLA HQ prompt Baltic countries to follow Estonia’s lead on stricter crypto rules

By AMLi Correspondents

FEARS of Russian oligarchs using Lithuanian and Latvian crypto exchanges to hide dirty money has forced both countries to follow Estonia’s lead on stricter crypto AML measures.

Lithuania and Latvia too are hoping to attract the new EU AML Authority (AMLA) in a competition that also sees Frankfurt, Paris, Milan and Vienna in the race. already inrecent tightening of anti-money laundering measures to flush illicit crypto financiers out of its market is leading neighbors Latvia and Lithuania to strengthen their regulatory demands on crypto companies.

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!