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AML & Sanctions compliance
Sanctions Evasion in Plain Sight: When a Lack of Knowledge Becomes a Compliance Risk
For many financial institutions, sanctions compliance processes rely heavily on list screening. If no potential match is triggered, the...
Giedrė Soares
Aug 211 min read
Are Your Monitoring Rules Helping You Or Overwhelming Your Team?
For financial institutions, transaction monitoring rules are essential – not only to meet regulatory requirements but to detect financial...
Giedrė Soares
Jul 291 min read
AML Backlogs: How to Prevent Them – and What to Do When You're Already Drowning
Let’s be honest – most compliance teams have faced AML backlogs at some point. Periodic client reviews. Alerts piling up. Monitoring...
Giedrė Soares
Jun 252 min read
ESMA's Report on Sanctions and Measures in 2023 under MiFID II and MiFIR
The European Securities and Markets Authority (ESMA) presented its 2023 report , which examines rules and sanctions applied in various...
Austėja Dimaitytė
Nov 12, 20242 min read
New Risk Management Culture in Electronic Money and Payment Institutions: What You Need to Know
The Bank of Lithuania has prepared a Guidelines for Compliance with Risk Management Requirements for Electronic Money and Payment...
Gintarė Urbikaitė Juozapaitė
Jul 11, 20242 min read
Rethinking „BaltCap“ case – what lessons can be learned?
Non-compliance schemes have varied globally, as businesses (and not only financial institutions) are often the target of fraud, but they...
Agnė Daukšienė
Mar 4, 20247 min read
Fines for financial sector participants in 2023. Part II
As we wrote in Part 1 , stability is a critical factor for every financial market participant, and the Bank of Lithuania plays a key role...
Sigita Kallo
Jan 21, 20245 min read
Fines for financial sector participants in 2023. Part I
Stability is a critical factor for any financial market participant, and the Bank of Lithuania plays a key role in ensuring the...
Sigita Kallo
Jan 19, 20244 min read
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