Association FINTECH Lithuania, which unites more than 50 leading Lithuanian fintech ecosystem participants, is setting up Anti-Money Laundering and Compliance committee. The goal of the committee is to provide Fintech Lithuania members with the platform to discuss AML and counter-terrorism financing issues, share best practices. Committee will also work on proposals on how to improve existing AML/CTF legislation.
Paulius Tarbūnas, Head of FINTECH Lithuania, says: „Lithuania has become the leading Fintech destination in Europe, but with opportunities comes responsibility to keep risks, especially AML/CTF, in control. Our aim is to provide the members of Fintech Lithuania the possibility to cooperate and work together in managing the risks of fintech sector in Lithuania“.
Evelina Tumakova-Kuzmič from the law firm Motieka & Audzevicius, is leading the committee work. Close to 20 companies already joined the initiative.
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