Russia and Lithuania agree to fight Money Laundering

An agreement on cooperation in fighting money laundering and terrorist financing has been signed between Russia and Lithuania.

According to Stanislovas Liutkevicius, Undersecretary of the Lithuanian Interior Ministry, the agreement should help both Lithuania and Russia conduct successful investigations of financial crime.

Head of the Russian Federal Financial Monitoring Service, Yuri Chikanchin, said that the main objective of the cooperation is to remove the dirty money from circulation. He added that Russia has intensified fighting financial crime and therefore many criminals tend to launder money in foreign countries like Lithuania.

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