AMLYZE, a fast-developing RegTech startup that helps fintechs, crypto businesses, banks, and other regulated entities to fight against financial crime, is strengthening its team with anti-money laundering expert Eglė Kontautaitė, former Head of the Money Laundering Prevention Division at the Bank of Lithuania.
E. Kontautaitė is already the third member of the team with a solid experience in financial market supervisoryinstitutions. She will take on the role of Head of Client Solutions at AMLYZE.
Eglė has more than 13 years of experience in supervising financial market participants at the Bank of Lithuania, while she has spent the last year and a half at Ellex Valiunas, a leading Lithuanian law firm, focusing on anti-money laundering (AML) prevention and international sanctions enforcement. She will pursue her advisory work with clients at Ellex Valiunas as an external AML consultant.
Eglė is a Certified Anti-Money Laundering Specialist (CAMS) with hands-on experience in customer supervision and money laundering risk management in the context of financial institutions inspections.
Eglė’s professional experience includes the supervision of financial market participants in the areas of AML/CFT and operational risk management (including IT risk).
She represented the Lithuanian delegation during the Moneyval assessment of the country’s AML/CFT framework and has experience in drafting AML/CFT legislation for financial market participants.
“I see AMLYZE as a leader in automated AML solutions, and I have ideas on how to further improve the experience of existing and potential customers, thus further consolidating this leadership on an international level. I’m confident that my experience as part of the main Lithuanian financial market supervisory authority, working closely with financial service providers both in their supervision and later in advising them on how to properly comply with the legislation, will benefit AMLYZE and its customers.
I look closely at mistakes in complex areas where they are not tolerated and the consequences of violations are painful in every way, not only in terms of enforcement actions by the regulator but also in terms of loss of reputation in a market where reputation is crucial for sustainable business relationships with clients and partners,”
says E. Kontautaitė.
The expert notes that each financial institution has its own specificities, and it is very important to correctly reflect them in the settings of the transaction monitoring system so that they do not negatively affect the results of regulatory inspections later.