Lithuania Fines Crypto Agency $10M for Russian Sanctions Violations

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The Lithuanian Monetary Crime Investigation Service (FNTT) has fined the crypto agency Payeer almost 9.3 million euros ($10 million) for worldwide sanctions violations and anti-money laundering (AML) breaches. Particularly, Payeer was fined 8.23 million euros for facilitating transactions in Russian rubles by way of its platform, involving sanctioned Russian banks and purchasers. Moreover, a 1.06 million euro […]

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