Revolut Fined €3.5M Over Money Laundering Control Failures by Lithuanian Regulator
Revolut, Europe’s most valuable fintech, has been fined €3.5 million by Lithuania’s central bank for significant shortcomings in its money laundering prevention systems. The Bank of Lithuania stated that its investigation revealed multiple failures in monitoring business relationships and transactions, which at times prevented the proper identification of suspicious financial activity. This latest penalty is […]
