Lithuania’s central bank has fined Britain’s most valuable start-up Revolut 3.5 million euros ($3.83 million) for failures in money-laundering prevention, the bank said on Monday.
The British fintech company, which is headquartered in London, is operating in the European Union under a Lithuanian licence and is under the supervision of the European and Lithuanian central banks.
The fine followed a routine inspection that identified “violations and shortcomings in the monitoring
