ECOVIS ProventusLaw strengthens it‘s competences in the field of anti-money laundering. Association of Certified Anti-Money Laundering Specialists (ACAMS) affirmed that Inga Karulaitytė-Kvainauskienė, attorney at law of ECOVIS ProventusLaw and the head of ECOVIS ProventusLaw FinTech group, maintains competences and essential knowledge in the anti-money laundering field and issued her a certification of an anti-money laundering specialist (CAMS).
Nowadays banks, payment, e-money and other FinTech companies have expanded their activities and the FinTech industry faces regulatory challenges. While focusing on customer-centric services, FinTech companies must also respond to regulatory demands, provide accurate reporting on risk and anti-money laundering exposure, standardize and automate compliance processes,decrease compliance risk associated with payment and transaction services. A compliance failure can result in litigation, financial penalties, regulatory constraints and reputational damage that can strategically affect an organization.
ECOVIS provides an independent legal review of Anti-Money Laundering Programs and Procedures designed for financial and non-financial institutions. Our knowledge and consultative approach in AML and generally in finance industry ensures high level of precision and expertise.
ACAMS is the largest international membership organization dedicated to enhancing the knowledge, skills and expertise of AML/CTF and financial crime detection and prevention professionals.
More about Anti-Money Laundering (AML) and Counter Terrorist Financing (CTF) legal review for finance institutions – https://ecovis.lt/fintech/anti-money-laundering-audit-counter-terrorist-financing-aml-ctf-audit/