Lithuania steps up measure to prevent money-laundering after recent scandals

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Lithuania has taken extra measures to prevent money-laundering after bank scandals in Latvia and Estonia which have harmed its reputation, its central bank Governor Vitas Vasiliauskas said.

The euro-zone member has so far avoided any major financial scandals of its own but felt it needed to improve its safeguards, Vasiliauskas, who is also a European Central Bank (ECB) Governing Council member, said.

“Foreigners tend to see the three Baltic states as a single market,” he added.

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