2020-09-23
Centre of Excellence in Anti-Money Laundering to be presented at the conference held by the Bank of Lithuania
On 1 October, the Bank of Lithuania will hold a virtual international conference “Anti-Money Laundering and Counter Terrorist Financing: from Challenges to Possibilities”, which will delve into the latest public-private partnership (PPP) initiatives, regulatory changes, de-risking and strategies for fighting financial crime, based on case-by-case analysis.
“Anti-money laundering and counter terrorist financing (AML/CTF) efforts are most efficient when supervision, law enforcement and financial market participants join their forces. During the conference, we will present the vision and objectives of the new Lithuania’s Centre of Excellence in Anti-Money Laundering as well as discuss other AML measures and their effectiveness,” said Jekaterina Govina, Director of the Supervision Service of the Bank of Lithuania.
The conference is organised by the Bank of Lithuania, together with ACAMS Baltics Chapter, Association Fintech Hub LT and the Association of Lithuanian Banks. Although it is primarily aimed at AML/CTF professionals, the event will be open to all interested parties.
The conference will focus on what could be improved in various AML/CTF fields and how to strengthen cooperation between the public and private sectors in respect of this particular issue.
Supervisors and Financial Intelligence Units as well as members of associations of financial market participants and the fintech industry will take the floor to talk about the AML/CTF measures they are taking, the challenges they are currently facing as well as the future possibilities to make the AML/CTF system more effective.
The event will be split into separate sections: presentations, discussions and training sessions. The latter will focus on AML/CTF challenges, while during the panel discussions the possibilities of a more effective AML/CTF system will be explored.
The virtual conference, held in the Lithuanian and English languages, will be broadcast on the Bank of Lithuania website. No registration is required.
The detailed programme of the conference can be found here.