There are several organizations at the international level that work to combat financial crimes, some examples of these institutions are the International Monetary Fund (IMF), the Financial Crimes Enforcement Network (FinCEN), and the International Criminal Police Organization (INTERPOL), among others.
However, at the national and regional level, there are other organizations that have joined this fight, such as the Financial Crimes Investigation Unit of Lithuania, which has established certain rules and guidelines to regulate the financial activities of companies and prevent possible financial crimes of their users. Below, we will learn more about the Financial Crimes Investigation Unit of Lithuania, the institution that regulates Pilsenga.
Lithuanian Financial Crimes Investigation Unit
The Lithuanian Financial Crime Investigation Unit (FIU) is the main body responsible for investigating financial crimes and money laundering in Lithuania. It is important to note that this body operates under the guidelines of the Ministry of the Interior of Lithuania.
When was the Lithuanian Financial Crimes Investigation Unit established?
The Financial Crimes Investigation Unit of Lithuania was established on 4 February 1997 as a body under the Ministry of the Interior of Lithuania. Initially it was named the Tax Police Department, but after five years of operations it was reorganized and its name changed to the Financial Crimes Investigation Unit of Lithuania (FIU or FNTT).
Why was FIU created?
The Financial Crimes Investigation Unit of Lithuania (FUI), was established to uncover and investigate financial crimes and other types of legal violations that may affect the financial system of Lithuania. The FUI protects and maintains the financial stability and integrity of the economy of Lithuania.
Main functions
The FUI currently addresses and investigates large-scale financial crimes, including money laundering, tax evasion and fraud, as well as implementing measures that prevent terrorist financing and money laundering, which can significantly affect the national economy of Lithuania.
Through various measures implemented, the FUI guarantees the legitimacy of financial transactions and the proper use of funds. of the European Union, having the ability to focus on the detection of large-scale and cross-border illicit activities.
The FUI conducts investigations and implements measures to prevent money laundering and terrorist financing, as well as recovers taxes that have been concealed or evaded, thereby ensuring the return of resources belonging to the state and safeguarding the national financial system of Lithuania.
What do you think about this topic? Do you want to know more about other institutions that regulate Pilsenga?
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