{"id":921,"date":"2022-10-28T09:03:22","date_gmt":"2022-10-28T09:03:22","guid":{"rendered":"https:\/\/response-legal.lt\/?p=921"},"modified":"2023-01-26T09:25:55","modified_gmt":"2023-01-26T09:25:55","slug":"fcis-anslysis-of-the-virtual-currencies-sector-threats-highlighted-inspections-under-way","status":"publish","type":"post","link":"https:\/\/response-legal.lt\/en\/fcis-anslysis-of-the-virtual-currencies-sector-threats-highlighted-inspections-under-way\/","title":{"rendered":"FCIS anslysis of the virtual currencies sector: threats highlighted, inspections under way"},"content":{"rendered":"<p>\ud83d\udce2The Financial Crimes Investigation Service (\u201cFCIS\u201d) conducted a strategic sectoral analysis of virtual currency exchange operators and depository virtual currency wallet operators. With this analysis, FCIS had an objective to assess the activities related to virtual currencies and the risks they pose.\u00a0FCIS identified that around 90 percent of the total 195 operators analysed do not provide the required information to the FCIS.<br \/>\n\u2757Please be reminded, that virtual currency exchange operators and depository virtual currency wallet operators, under the Republic of Lithuania Law on the Prevention of Money Laundering and Terrorist Financing, are required to report to the FCIS:<br \/>\n\ud83d\udcccthe persons appointed as managers responsible for the implementation of the AML\/CFT and for the co-operation with the FCIS;<br \/>\n\ud83d\udcccsuspicious monetary operations or transactions;<br \/>\n\ud83d\udccccash\/virtual currency transactions equal to or exceeding EUR 15,000.<br \/>\nThe FCIS reminded that the FCIS may impose warnings, other sanctions, or fines of up to EUR 1,1 million on obliged entities (other than financial institutions) for systematic, serious, or repeated infringements of the Law on Prevention of Money Laundering and Terrorist Financing. Thus, virtual currency exchange operators and depository virtual currency wallet operators should at all times comply with the said obligations strictly.<\/p>\n<p>&nbsp;<\/p>\n<p>Read more about the full analysis: <a href=\"https:\/\/www.fntt.lt\/en\/press-releases\/fcis-analysis-of-the-virtual-currencies-sector-threats-highlighted-inspections-under-way\/4248\">here<\/a><\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/www.linkedin.com\/feed\/hashtag\/?keywords=aml&amp;highlightedUpdateUrns=urn%3Ali%3Aactivity%3A6991750367361294337&amp;lipi=urn%3Ali%3Apage%3Ad_flagship3_company_admin%3BDqActhsvQDmRujAJJgkYmQ%3D%3D\" data-attribute-index=\"0\" data-ntt-old-href=\"https:\/\/www.linkedin.com\/feed\/hashtag\/?keywords=aml&amp;highlightedUpdateUrns=urn%3Ali%3Aactivity%3A6991750367361294337\" data-artdeco-is-focused=\"true\">#aml<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\ud83d\udce2The Financial Crimes Investigation Service (\u201cFCIS\u201d) conducted a strategic sectoral analysis of virtual currency exchange operators and depository virtual currency wallet operators. With this analysis, FCIS had an objective to assess the activities related to virtual currencies and the risks they pose.\u00a0FCIS identified that around 90 percent of the total 195 operators analysed do not [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":897,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[69],"tags":[],"class_list":["post-921","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aml"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FCIS anslysis of the virtual currencies sector: threats highlighted, inspections under way - Response Legal<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/response-legal.lt\/en\/fcis-anslysis-of-the-virtual-currencies-sector-threats-highlighted-inspections-under-way\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FCIS anslysis of the virtual currencies sector: threats highlighted, inspections under way - Response Legal\" \/>\n<meta property=\"og:description\" content=\"\ud83d\udce2The Financial Crimes Investigation Service (\u201cFCIS\u201d) conducted a strategic sectoral analysis of virtual currency exchange operators and depository virtual currency wallet operators. With this analysis, FCIS had an objective to assess the activities related to virtual currencies and the risks they pose.\u00a0FCIS identified that around 90 percent of the total 195 operators analysed do not [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/response-legal.lt\/en\/fcis-anslysis-of-the-virtual-currencies-sector-threats-highlighted-inspections-under-way\/\" \/>\n<meta property=\"og:site_name\" content=\"Response Legal\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-28T09:03:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-26T09:25:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/response-legal.lt\/wp-content\/uploads\/2023\/01\/1200x627px.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"627\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"info\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"info\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/response-legal.lt\/en\/fcis-anslysis-of-the-virtual-currencies-sector-threats-highlighted-inspections-under-way\/\",\"url\":\"https:\/\/response-legal.lt\/en\/fcis-anslysis-of-the-virtual-currencies-sector-threats-highlighted-inspections-under-way\/\",\"name\":\"FCIS anslysis of the virtual currencies sector: threats highlighted, inspections under way - Response Legal\",\"isPartOf\":{\"@id\":\"https:\/\/response-legal.lt\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/response-legal.lt\/en\/fcis-anslysis-of-the-virtual-currencies-sector-threats-highlighted-inspections-under-way\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/response-legal.lt\/en\/fcis-anslysis-of-the-virtual-currencies-sector-threats-highlighted-inspections-under-way\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/response-legal.lt\/wp-content\/uploads\/2023\/01\/1200x627px.jpg\",\"datePublished\":\"2022-10-28T09:03:22+00:00\",\"dateModified\":\"2023-01-26T09:25:55+00:00\",\"author\":{\"@id\":\"https:\/\/response-legal.lt\/en\/#\/schema\/person\/0531430c9dff90eb59c01d250bc8696b\"},\"breadcrumb\":{\"@id\":\"https:\/\/response-legal.lt\/en\/fcis-anslysis-of-the-virtual-currencies-sector-threats-highlighted-inspections-under-way\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/response-legal.lt\/en\/fcis-anslysis-of-the-virtual-currencies-sector-threats-highlighted-inspections-under-way\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/response-legal.lt\/en\/fcis-anslysis-of-the-virtual-currencies-sector-threats-highlighted-inspections-under-way\/#primaryimage\",\"url\":\"https:\/\/response-legal.lt\/wp-content\/uploads\/2023\/01\/1200x627px.jpg\",\"contentUrl\":\"https:\/\/response-legal.lt\/wp-content\/uploads\/2023\/01\/1200x627px.jpg\",\"width\":1200,\"height\":627},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/response-legal.lt\/en\/fcis-anslysis-of-the-virtual-currencies-sector-threats-highlighted-inspections-under-way\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/response-legal.lt\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"FCIS anslysis of the virtual currencies sector: threats highlighted, inspections under way\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/response-legal.lt\/en\/#website\",\"url\":\"https:\/\/response-legal.lt\/en\/\",\"name\":\"Response Legal\",\"description\":\"Kol kas tik dar vienas WordPress tinklalapis\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/response-legal.lt\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/response-legal.lt\/en\/#\/schema\/person\/0531430c9dff90eb59c01d250bc8696b\",\"name\":\"info\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/response-legal.lt\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ef69368d27885ad090e274b3d8033a50a53e69052d4d2378917ab6ea58cd91a6?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ef69368d27885ad090e274b3d8033a50a53e69052d4d2378917ab6ea58cd91a6?s=96&d=mm&r=g\",\"caption\":\"info\"},\"url\":\"https:\/\/response-legal.lt\/en\/author\/info\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"FCIS anslysis of the virtual currencies sector: threats highlighted, inspections under way - Response Legal","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/response-legal.lt\/en\/fcis-anslysis-of-the-virtual-currencies-sector-threats-highlighted-inspections-under-way\/","og_locale":"en_US","og_type":"article","og_title":"FCIS anslysis of the virtual currencies sector: threats highlighted, inspections under way - Response Legal","og_description":"\ud83d\udce2The Financial Crimes Investigation Service (\u201cFCIS\u201d) conducted a strategic sectoral analysis of virtual currency exchange operators and depository virtual currency wallet operators. With this analysis, FCIS had an objective to assess the activities related to virtual currencies and the risks they pose.\u00a0FCIS identified that around 90 percent of the total 195 operators analysed do not [&hellip;]","og_url":"https:\/\/response-legal.lt\/en\/fcis-anslysis-of-the-virtual-currencies-sector-threats-highlighted-inspections-under-way\/","og_site_name":"Response Legal","article_published_time":"2022-10-28T09:03:22+00:00","article_modified_time":"2023-01-26T09:25:55+00:00","og_image":[{"width":1200,"height":627,"url":"https:\/\/response-legal.lt\/wp-content\/uploads\/2023\/01\/1200x627px.jpg","type":"image\/jpeg"}],"author":"info","twitter_card":"summary_large_image","twitter_misc":{"Written by":"info","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/response-legal.lt\/en\/fcis-anslysis-of-the-virtual-currencies-sector-threats-highlighted-inspections-under-way\/","url":"https:\/\/response-legal.lt\/en\/fcis-anslysis-of-the-virtual-currencies-sector-threats-highlighted-inspections-under-way\/","name":"FCIS anslysis of the virtual currencies sector: threats highlighted, inspections under way - Response Legal","isPartOf":{"@id":"https:\/\/response-legal.lt\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/response-legal.lt\/en\/fcis-anslysis-of-the-virtual-currencies-sector-threats-highlighted-inspections-under-way\/#primaryimage"},"image":{"@id":"https:\/\/response-legal.lt\/en\/fcis-anslysis-of-the-virtual-currencies-sector-threats-highlighted-inspections-under-way\/#primaryimage"},"thumbnailUrl":"https:\/\/response-legal.lt\/wp-content\/uploads\/2023\/01\/1200x627px.jpg","datePublished":"2022-10-28T09:03:22+00:00","dateModified":"2023-01-26T09:25:55+00:00","author":{"@id":"https:\/\/response-legal.lt\/en\/#\/schema\/person\/0531430c9dff90eb59c01d250bc8696b"},"breadcrumb":{"@id":"https:\/\/response-legal.lt\/en\/fcis-anslysis-of-the-virtual-currencies-sector-threats-highlighted-inspections-under-way\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/response-legal.lt\/en\/fcis-anslysis-of-the-virtual-currencies-sector-threats-highlighted-inspections-under-way\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/response-legal.lt\/en\/fcis-anslysis-of-the-virtual-currencies-sector-threats-highlighted-inspections-under-way\/#primaryimage","url":"https:\/\/response-legal.lt\/wp-content\/uploads\/2023\/01\/1200x627px.jpg","contentUrl":"https:\/\/response-legal.lt\/wp-content\/uploads\/2023\/01\/1200x627px.jpg","width":1200,"height":627},{"@type":"BreadcrumbList","@id":"https:\/\/response-legal.lt\/en\/fcis-anslysis-of-the-virtual-currencies-sector-threats-highlighted-inspections-under-way\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/response-legal.lt\/en\/"},{"@type":"ListItem","position":2,"name":"FCIS anslysis of the virtual currencies sector: threats highlighted, inspections under way"}]},{"@type":"WebSite","@id":"https:\/\/response-legal.lt\/en\/#website","url":"https:\/\/response-legal.lt\/en\/","name":"Response Legal","description":"Kol kas tik dar vienas WordPress tinklalapis","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/response-legal.lt\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/response-legal.lt\/en\/#\/schema\/person\/0531430c9dff90eb59c01d250bc8696b","name":"info","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/response-legal.lt\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ef69368d27885ad090e274b3d8033a50a53e69052d4d2378917ab6ea58cd91a6?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ef69368d27885ad090e274b3d8033a50a53e69052d4d2378917ab6ea58cd91a6?s=96&d=mm&r=g","caption":"info"},"url":"https:\/\/response-legal.lt\/en\/author\/info\/"}]}},"_links":{"self":[{"href":"https:\/\/response-legal.lt\/en\/wp-json\/wp\/v2\/posts\/921","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/response-legal.lt\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/response-legal.lt\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/response-legal.lt\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/response-legal.lt\/en\/wp-json\/wp\/v2\/comments?post=921"}],"version-history":[{"count":2,"href":"https:\/\/response-legal.lt\/en\/wp-json\/wp\/v2\/posts\/921\/revisions"}],"predecessor-version":[{"id":923,"href":"https:\/\/response-legal.lt\/en\/wp-json\/wp\/v2\/posts\/921\/revisions\/923"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/response-legal.lt\/en\/wp-json\/wp\/v2\/media\/897"}],"wp:attachment":[{"href":"https:\/\/response-legal.lt\/en\/wp-json\/wp\/v2\/media?parent=921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/response-legal.lt\/en\/wp-json\/wp\/v2\/categories?post=921"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/response-legal.lt\/en\/wp-json\/wp\/v2\/tags?post=921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}