Crypto exchange Payeer fined €9.3m in Lithuania for sanctions and AML breaches

Virtual currency exchange and wallet operator UAB Payeer has to pay penalties totalling €9.3m after Lithuania's Financial Crime Investigation Service (FCIS) found it had violated both sanctions and the country's anti-money laundering/counter financing of terrorism (AML/CFT) law.

Virtual currency exchange and wallet operator UAB Payeer has to pay penalties totalling €9.3m after Lithuania's Financial Crime Investigation Service (FCIS) found it had violated both sanctions and the country's anti-money laundering/counter financing of terrorism (AML/CFT) law. [1]