All results 4
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Prevention of money laundering and terrorist financing
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International financial sanctions
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Is the financial institution obligated to screen a customer, the other party to an operation (transaction) and the banks or financial institutions involved in an operation (transaction) with respect to the applicable international sanctions where the operation (transaction) is carried out in Lithuania, the European Union and/or the SEPA zone? | |
Are international sanctions applicable to payments for basic goods and services (e.g. foodstuffs, utilities, medical services, etc.)? | |
What is the amount from which operations or transactions carried out by financial institutions should be screened for the application of international sanctions? Are grounds for customer identification set forth in Article 9(1) of the Republic of Lithuania Law on the Prevention of Money Laundering and Terrorist Financing applicable in this case? | |
Should a financial institution make a payment to an entity which is subject to European Union sanctions under a contract, agreement or obligations that were concluded or arose before the date of the enforcement of sanctions on the entity? |
Last update: 29-12-2022