Revolut—Fined €3.5M by Lithuania central bank for AML deficiencies, largest fine in Lithuanian history
Revolut was fined a record €3.5 million by Lithuania's central bank for failures in anti-money laundering processes. Regulatory authorities found the neobank failed to implement adequate controls to prevent money laundering. This was the highest AML-related fine ever issued in Lithuania. Revolut has faced persistent compliance and fraud concerns.
Scoring Impact
| Topic | Direction | Relevance | Contribution |
|---|---|---|---|
| Corporate Governance | -against | primary | -1.00 |
| Overall incident score = | -0.147 | ||
Score = avg(topic contributions) × significance (medium ×1) × confidence (0.59)× agency (compelled ×0.25)
Evidence (1 signal)
Fined €3.5M by Lithuania central bank for AML deficiencies, largest fine in Lithuanian history
Revolut was fined a record €3.5 million by Lithuania's central bank for failures in anti-money laundering processes. Regulatory authorities found the neobank failed to implement adequate controls to prevent money laundering. This was the highest AML-related fine ever issued in Lithuania. Revolut has faced persistent compliance and fraud concerns.