Case regarding the penalties imposed by Law on prevention of money laundering and financing

The above – mentioned case is significant to Lithuanian law because it is one of the first cases in which the provisions of newly – based on EU regulation Law on prevention of money laundering and financing of the terrorists are examined. In this case we defended the position of the client that the penalty imposed on the client following the provisions of this law shall be considered as too large and thus shall be reduced. Our team hopes that the arguments provided in this case will have a great importance resolving the similar issues regarding hereinabove mentioned regulation in the future. Our team members who worked with this case are partner and attorney at law Agnė Ustinovičienė and associate Aurimas Margiris Grinys.