ECOVIS ProventusLaw is happy to announce that Austėja Viederytė was promoted to the head of ECOVIS ProventusLaw AML Group. Austėja has over 10 years of experience in AML area, regulatory compliance, and internal audits and she has excellent project management skills.
“Her main tasks will be to ensure the quality of services provided for existing and new clients as well as to help financial institutions fulfill complex compliance obligations under Lithuanian and European regulatory requirements. In addition, Austėja will also be in charge to develop new value-adding, innovative solutions for financial market participants” says Inga Karulaitytė-Kvainauskienė, Head of Fintech group, partner.
Keeping up-to-date with rapidly changing regulatory requirements continues to be challenging for many firms providing financial services. In addition to the AML and the CTF, financial services firm leaders have a multitude of other issues keeping them up at night – from sanctions screening to the quality of automated processes as they continue to on-board new customers, often remotely, at a rapid pace.
ECOVIS ProventusLaw has already handled many large AML projects for clients based internationally and actively assists clients with compliance issues through independent AML audit, creating of internal AML policies, processes and procedures, delivering AML training, and ongoing advisory roles. ECOVIS ProventusLaw combines its depth of local knowledge with the global ECOVIS network’s experience to deliver practical, effective, and insightful advice in the AML area. „It is a very challenging time for the financial sector. Regulation is increasing to address existing risks, with an eye on emerging new risks, such as digital assets, sanctions. Therefore, we hope to offer more solutions that are designed to help minimize the risks associated with money laundering and other illicit activities“, says Austėja.
As one of the reflections in the financial ecosystem, consumers tend to look for newer financial instruments more than ever before and cryptocurrencies are one of them. Thus, it is not a surprise that the regulators and businesses around the world are now focused on cryptocurrency and how to regulate it, many jurisdictions are strengthening virtual assets regulation. According to Austėja, ECOVIS ProventusLaw AML Group is planning new services concerning to ensure AML compliance of virtual assets service providers.
During her career, Austėja worked for 3 different financial institutions – a global money remittance company, a bank, and an electronic money institution, where she gained extensive management and hands-on experience in daily AML processes. Austėja also worked for the Bank of Lithuania in the AML / CTF team where she gained a deep understanding of the regulatory requirements, participated in Payments Council activities, delivered training, and consulted FinTech companies on various AML questions.
Austėja is a certified internal auditor, and she leads external AML audits for financial institutions. We invite you to follow our AML news and be the first to hear about our new services in the field of AML compliance.
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