Lithuanian National Risk Assessment of Money Laundering and Terrorist Financing

The risk assessment was carried out in compliance with the mandatory requirements of the international Financial Action Task Force on Combating Money Laundering and Terrorist Financing (FATF) - to identify and understand the risks of money laundering and terrorist financing in the countries and to reduce them. The FATF organization is a global developer of mandatory standards for the prevention of money laundering and terrorist financing.

The risk assessment lasted more than a year, state institutions directly related to the prevention of money laundering and terrorist financing participated in the process. The entire risk assessment process was controlled by the Working Group for the Coordination of Money Laundering and Terrorist Financing Prevention Activities established by the Prime Minister's Decree. In order for the risk assessment to be carried out according to the internationally recognized risk assessment methodology, independent UAB "Deloitte Lietuva" and foreign experts with extensive experience in risk assessment were used for this purpose.

It is planned to carry out the national risk assessment periodically, at least every 4 years.

Lithuanian National Risk Assessment of Money Laundering and Terrorist Financing 2020

 

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Last updated: 29-11-2023