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NEWS: Baltic fund sues former partner, casino operators for $18M

Premium January 29, 2024
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NEWS: France, Ireland and Latvia called out by EU for AML failures

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NEWS: PEPs law make politicians, families ‘guilty until proven innocent’ MPs claim in Ireland’s parliament

INSIGHT: New AML rules will change the EU’s financial crime prevention landscape for good. But what will change in practice?

By Andrius Sytas

Companies owned by BaltCap, the Baltics’ largest private equity fund manager, are suing a former partner they allege misappropriated €16.7M ($18M), some of which is in the hands of two casinos, a Vilnius court spokesperson said.

The BaltCap companies have asked the court to order the former partner, Sarunas Stepukonis, and the casinos to return the 16.7 million euros, plus 6% interest, the spokesperson said. The court filing has not been made public.

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Premium

NEWS: France, Ireland and Latvia called out by EU for AML failures

 Premium

NEWS: PEPs law make politicians, families ‘guilty until proven innocent’ MPs claim in Ireland’s parliament

INSIGHT: New AML rules will change the EU’s financial crime prevention landscape for good. But what will change in practice?

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