The Bank of Lithuania (BoL) fined the e-money institution Wallter UAB €280,000 for violating the Lithuania Law on the Prevention of Money Laundering and Terrorist Financing. Moreover, the regulator imposed additional obligations on Wallter. The institution, regulated by BoW under the authorization code LB000450 has to eliminate all violations and shortcomings until 31 March 2022. Many of Lithuania's EMIs operate in the high-risk sector and are notorious for their very relaxed approach to money laundering and cybercrime.