In a change of anti-money laundering tactics, Lithuania’s authorities open pre-trial investigations even if there are only suspicions about the origin of money, Mindaugas Petrauskas, deputy director of the Financial Crime Investigation Service (FNNT), said.
According to him, the state received 4 million euros in extra revenue last year, even though the investigations were discontinued.
According to Petrauskas, Lithuania’s authorities learned their lessons from the bankruptcies of two local banks, Snoras and Ukio Bankas. (BNN/Business World Magazine)
