FCIS Issues Updated Guidelines For Lithuanian Entities On International Sanctions Compliance

The Financial Crimes Investigation Service (FCIS) has issued updated guidelines detailing obligations for Lithuanian entities regarding international sanctions compliance, specifically under the UNSCR 1373 framework.

Obliged entities must verify entities for Financial Sanction Checks against:

• EU international financial sanctions lists,
• UN Security Council resolutions on targeted sanctions, and
• FCIS manages the UNSCR 1373 list.

All assets — including funds, financial assets, property, and economic resources — belonging to persons or entities on the UNSCR 1373 list must be frozen immediately upon identification.

Reporting Requirements:

If funds or other financial assets are frozen under these sanctions, entities must notify FCIS within 2 working days.