2024-07-15 02:56:52
“I don’t know how to explain to an ordinary person why 100 euros or not answering questions stops the ability to use banking services, but someone doesn’t see 2 billion euros slipping by,” V. Fiodorov commented to LRT radio this week.
ELTA reminds that in February of this year, during an international operation, two persons were arrested, suspected of illegally embezzling 2 billion through a financial institution operating in Lithuania. legalization of property worth EUR.
According to the member of the Seimas, there is a lack of accountability by controlling institutions, especially in the context of the “Foxpay” scandal, after which Monika Navickienė resigned from the post of minister.
“The minister was removed because of the Foxpay scandal, resigned, took responsibility, but no one from the controlling bodies takes responsibility, everyone raises their hands and says, we will manage in the future, the law will catch up.” It really looks strange,” he said.
At that time, the deputy director of the Financial Crimes Investigation Service (FNTT) Audrius Valeika said that in this case there is no need to change the legislation, the measures to prevent money laundering are there and they are structured and clearly laid out.
According to him, the real challenge is the implementation of the available measures, which provide for the responsibilities of the fintech sector and the controlling institutions, LB and FNTT.
“The challenge is the implementation of the measures that are listed. Implementation by the obliged entities themselves, in this case fintech companies, and supervisory authorities; a clear risk-based approach, analyzing the sector, determining which of the companies are the most risky and not hiding it”, said A. Valeika.
Mindaugas Petrauskas, head of financial crime prevention at Amlyze and member of Fintech Hub LT board, noticed that the quality of supervision of fintech companies has improved significantly over the past 5 years, and he is not surprised by the use of new technologies in financial scams.
“The fact that fintech itself has been growing all over the world and there have been many different stories with it is also normal. (…) Now I would predict that artificial intelligence technology will be used in various fraud schemes, and in a few years we will see for ourselves,” he added.
As ELTA announced earlier, the owner of the financial technology company Foxpay, Ieva Trinkūnaitė, who was at the epicenter of the scandal, was going to purchase Litlab, which is managed by Mindaugas Navickis, the husband of conservative M. Navickienė. However, the government’s Coordination Commission for the Protection of Objects Important to Ensuring National Security did not allow it to acquire Litlab. According to the Commission’s assessment, investor I. Trinkūnaitė does not meet the requirements of the law on the protection of objects of national importance. Later, the delfi.lt portal announced that I. Trinkūnaitė’s environment has threatening connections with foreign institutions, natural and legal persons. The story of “Foxpay” has been going on for several weeks now – the Bank of Lithuania continues its investigation into the company. It was reported that it was decided to limit part of its activities. In turn, the Special Investigation Service (STT) also conducts a pre-trial investigation into the company’s activities.
2024-07-15 02:56:52