The clock is ticking for Lithuania to transpose the 4th Anti-Money Laundering Directive (4th AMLD) into national law, with experts cautiously optimistic it will be approved before parliament shuts down for the summer.
Joana Baublytė-Kulvietė, a partner in the Vilinius practice of Ellex Valiunas law firm, said that while the bill had a little distance to cover there was nevertheless reason to be optimistic.
“It will have to go through several committees and is scheduled for hearing in the parliament this month,” she said. “It will hopefully be adopted by the end of this month.”
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