Highlights from Lithuania’s National Risk Assessment of Money Laundering and Terrorist Financing

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Lithuania has released a report with the results from its National Risk Assessment (NRA) of Money Laundering and Terrorist Financing. This is the country’s second NRA. The first assessment was conducted in 2015.

The assessment has integrated both qualitative and quantitative evaluations to analyse risks and vulnerabilities. The government has also used data from national and international regulatory bodies including FATF and Moneyval for the NRA. The assessment has helped identify as many as 88 different risk scenarios for over 19 sectors.

The sectors with the highest money-laundering and terrorist financing risks are virtual currencies, cash-based trade of goods and real estate. These sectors had a total risk score of 4 for both money-laundering and terrorist financing. On the other hand, gambling, lottery and crowdfunding platforms are among the sectors with the lowest risk of money-laundering and terrorist financing.