Revolut—Revolut fined €3.5 million by Lithuania for anti-money laundering failures
Bank of Lithuania imposed €3.5 million fine, the largest ever from the Lithuanian regulator, after finding Revolut failed to adequately monitor customer relationships and transactions, 'not always properly identifying suspicious monetary operations or transactions.' The fine represented less than 0.5% of 2023 revenue. No confirmed money laundering was detected during investigation, but systematic monitoring deficiencies were identified.
Scoring Impact
| Topic | Direction | Relevance | Contribution |
|---|---|---|---|
| Corporate Governance | -against | primary | -1.00 |
| Regulatory Capture | +toward | secondary | -0.50 |
| Overall incident score = | -0.166 | ||
Score = avg(topic contributions) × significance (high ×1.5) × confidence (0.59)× agency (compelled ×0.25)
Evidence (1 signal)
Bank of Lithuania announced €3.5M fine for AML failures
Bank of Lithuania announced April 8, 2025 fine of €3.5 million for shortcomings in monitoring business relationships and transactions. Central bank investigation found Revolut 'not always properly identifying suspicious monetary operations and transactions carried out by customers.' Largest fine ever issued by Bank of Lithuania to a bank or EMI. Fine represented 1.73% of assets and 0.38% of Revolut Holdings Europe UAB's 2023 revenue, far below 10% maximum potential.