
Bravo: Record Fines for Russian-Controlled Crypto Payment Processor Payeer for Sanctions Violations and Money Laundering Issues
The Lithuanian Financial Crime Investigation Service (FCIS) has imposed a record fine of nearly €9.3 million on Payeer, a virtual currency operator registered in Lithuania, for violations of international sanctions and anti-money laundering (AML) regulations. This development comes after FinTelegram's repeated warnings about Payeer's involvement in Russian-related transactions. The users are currently concluding the agreement with Payeer E.A.S. in Paraguay. Lithuania is no longer wanted.