Payeer slapped with a €9.3 million (~$10M) fine by the FNTT

The FNTT announced a two-part fine imposed on Payeer for violating international sanctions (€8.23M) and anti-money laundering laws (€1.06M). According to the Lithuanian agency, investigations that started in 2023 revealed that Payeer allowed transactions in Rubles through Russian banks sanctioned by the European Union.

Source: Cryptopolitan