Finantsinspektsioon has detected deficiencies in AS LHV Pank’s compliance with anti-money laundering and terrorist financing regulations in its provision of correspondence banking services. Consequently, they issued a 900,000 euro fine and a directive to rectify these issues. During an on-site examination, Finantsinspektsioon assessed the bank’s anti-money laundering and terrorist financing systems and internal protocols related to correspondence services for financial institution clients. They found shortcomings in risk assessment and management and monitoring of business relationships. As a result, they instructed the bank to enhance its risk control systems. In response to these past violations, a fine was imposed.
By FCCT Editorial Team
, an independent military force, and allied militias in Sudan raped several dozen women and girls in West Darfur’s capital, El Geneina, and those fleeing to Chad between late April and late June 2023, Human Rights Watch said today. The assailants appear to have targeted people because of their Massalit ethnicity and, in some cases, because they were known activists.){kind=link}