The Bank of Lithuania has fined fintech firm Contis (formerly Solaris) with €840,000 over allegations of AML breaches. In a press release translated into English, the central bank accuses Contis of facilitating electronic money processing operations between 2021 and 2022 without enforcing adequate AML controls over customers.  “(The fintech) was performing its activities through distributors … Continue reading Bank of Lithuania hands Contis €840,000 fine over AML shortcomings