About the Center of Excellence in Anti-Money Laundering

About us

Launched on May 17, 2021, The Center of Excellence in Anti-Money Laundering is the first public-private sector partnership in Europe, operating as a separate institution. By pooling the experience, knowledge, and competencies of law enforcement, supervisory, and other public authorities and private sector representatives, we are creating a safer financial system in Lithuania.

The Center’s team currently consists of eight specialists who supervise four groups organising and coordinating public-private sector cooperation. We represent the interests of both the private and public sectors. By uniting various organisations, we anticipate that all our work is measurable, valid, and adds value to financial crime prevention for the society, state, market players, and professional experts.

Strategic directions

Partnership

We actively cooperate with state and law enforcement institutions.

Strategic cooperation

We aim for more active cooperation between the public and private sectors.

International cooperation

We actively exchange information with experts from other countries and international institutions and organisations.

Education/Awareness

  • We develop the competencies of public and private institutions’ staff in PP/TF prevention.
  • We educate the public about the prevailing trends in financial crime.
  • We develop the competencies and knowledge of private sector specialists responsible for PP/TF prevention.

Innovations

  • We administer a platform for public and private sector cooperation and information sharing in AML/CFT prevention.
  • We develop technological tools to improve the fight against financial crimes.

Progress

  • We improve the national PP/TF prevention system.
  • We strengthen public and private sector awareness of the threats posed by financial crime.

Team

Acting Director

Elčin Mamedov

Acting Director

Elčin Mamedov

E. Mamedov has years of experience in law enforcement, where he has developed particularly sharp strategic thinking skills. These help him objectively identify suspicious financial activities and actions while fighting high-profile crimes. E. Mamedov is a graduate of the International Association for Compliance (ICA).

Coordinator of the Legislative Initiatives and Methodology Group

Greta Genelienė

Coordinator of the Legislative Initiatives and Methodology Group

Greta Genelienė

G. Genelienė has worked as a lawyer in different institutions throughout her career and has accumulated extensive experience in legislation. This experience allowed her to understand legislative processes and develop the ability to think creatively and critically and assess the legal and economic consequences of possible changes. G. Genelienė has accumulated interdisciplinary knowledge in law and economic sciences and has been awarded a Honorary Doctorate in economics.

Coordinator of the Technology Development Group

Andrius Dargevičius

Coordinator of the Technology Development Group

Andrius Dargevičius

Andrius has spent most of his career in financial institutions in the data management field. During his years of experience, Andrius has developed analytical thinking that is particularly helpful in money laundering-related threats’ identification, development, and trends. A. Dargevičius is a certified specialist of the global organization of financial crime professionals ACAMS.

Head of Communications

Ieva Vaitkienė

Head of Communications

Ieva Vaitkienė

I. Vaitkienė's extensive international experience in the field of communication and acquired competences help to strategically assess effective publicity actions and to communicate effectively with both Lithuanian and international partners.

Expert

Jaunius Mindaugas Rastenis

Expert

Jaunius Mindaugas Rastenis

J. Rastenis has accumulated experience in money laundering prevention in different financial sectors. The acquired experience allows him to effectively deal with the challenges related to the prevention of money laundering and terrorist financing. J. Rastenis is a certified International Compliance Association (ICA) specialist.

2 trillion EUR

It is estimated that around EUR 2 trillion is laundered by financial fraudsters worldwide every year.