Lithuania cancels firm’s licence over alleged Wirecard money laundering

Lithuania
The Bank of Lithuania

Lithuania’s central bank has revoked the licence of a fintech company being investigated over allegations that it laundered money for German payments firm Wirecard.

The Bank of Lithuania withdrew UAB Finolita Unio’s licence “for severe infringements of anti-money laundering and counter-terrorist financing requirements”, it announced on June 8. It said it started investigating Finolita after Wirecard collapsed in June 2020, after what German authorities now say was fraud involving billions of

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