8 minutes agoPaysera, also operating in Kosovo, is convicted of violating anti-money laundering rules
Periskopi(6 years ago)
(6 years ago)Lithuania's central bank has fined the Lithuanian capital pay company Paysera LT for violating anti-money laundering regulations, the company that now operates in Kosovo. These offenses have been identified during a April-May inspection, which Pathera LT failed to achieve [...]
These offenses have been identified during a April-May inspection, which the Paysera LT failed to adequately assess the risks of money laundering and financing terrorism and due respect of existing legislation in the direction of remote identification of customers, and also failed to ensure strengthened implementation of client identification measures for clients from the highest-risk group, Periscope explains.
“Praising the nature of violations and taking into account extenuating circumstances, the Lithuania Bank issued a fine of 370,000 euros and ordered the company to eliminate violations,” said the central bank.
About this fine, the company Paysera LT itself has reacted, which said it plans to appeal, declaring that 370,000 euros would achieve the company's three-month net profit this year.
Unlike all those who have no knowledge of PaySera's function, which received convictions due to violations, Paysera is a system of payment services which is licensed by the BQKU and operates in Kosovo as well. / P ERISCOPIA
