Lithuania cancels firm’s licence over alleged Wirecard money laundering
Fintech business committed “severe infringements” in dealings with collapsed German firm – central bank
Lithuania’s central bank has revoked the licence of a fintech company being investigated over allegations that it laundered money for German payments firm Wirecard.
The Bank of Lithuania withdrew UAB Finolita Unio’s licence “for severe infringements of anti-money laundering and counter-terrorist financing requirements”, it announced on June 8. It said it started investigating Finolita after Wirecard collapsed in June 2020, after what German authorities now say was fraud involving billions of
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