Motieka & Audzevičius together with Blockchain Center Vilnius organised a discussion about AML challenges for blockchain business. Event took place on 10th of April at Blockchain Center Vilnius headquarters.
Fintech, legal, banking sector professionals and startups gathered discuss the challenges of Anti-Money Laundering procedures and the upcoming 5th AML directive.
Andrius Adamonis, Blockchain Expert at the Bank of Lithuania presented blockchain in enterprises and an LBchain initiative that will help blockchain startups to test their solutions in a Bank of Lithuania sandbox environment
Kotryna Filipavičiūtė, Chief Officer at the Operational Risk Division of the Bank of Lithuania, explained how to minimise money laundering and terrorist financing risks by applying AML and KYC procedures.
Sigita Adomaitytė, Motieka & Audzevičius’ Associate: presented key developments to the 4AMLD and discussed upcoming threats or opportunity to blockchain technology based businesses.
Donatas Mažeika, Head of Cybercrime Board of Lithuanian Criminal Police Bureau explained the role of law enforcement tackling black market businesses.