Lithuania's progress in strengthening measures to tackle money laundering and terrorist financing

Publication details

Language

English

Country

Lithuania

Topic

Mutual Evaluations

Lithuania: Follow-Up Report December 2022

Filename: Moneyval-Follow-Up-Report-Lithuania-Dec-2022.pdf
Size: 553 KB
Format: application/pdf

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Overall, Lithuania has made some progress in addressing the TC deficiencies identified in its 5th Round MER and subsequent FURs.

The country has been re-rated on two Recommendations (2 upgrades).

Recommendation 24 (initially rated PC) is re-rated to Largely Compliant
Recommendation 32 (initially rated PC) is re-rated to Largely Compliant

Lithuania is encouraged to continue its efforts to address the remaining deficiencies. The country remains in enhanced follow-up and will continue to report back to MONEYVAL on progress to strengthen its implementation of AML/CFT measures.

Technical Compliance

Ratings which reflect the extent to which a country has implemented the technical requirements of the FATF Recommendations.

C = compliant | LC = largely compliant | PC = partially compliant | NC = non-compliant

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Lithuania's progress in strengthening measures to tackle money laundering and terrorist financing This follow-up report sets out the progress that Lithuania has made in improving its level of compliance with the FATF standards, since their mutual evaluation and follow-up report.
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Related materials

MONEYVAL

The FATF Recommendations

The FATF Recommendations are the basis on which all countries should meet the shared objective of tackling money laundering, terrorist financing and the financing of proliferation. The FATF calls upon all countries to effectively implement these measures in their national systems.

Mutual Evaluations

The FATF conducts peer reviews of each member on an ongoing basis to assess levels of implementation of the FATF Recommendations, providing an in-depth description and analysis of each country’s system for preventing criminal abuse of the financial system

Read more Consolidated assessment ratings