CASP/VASP – The Client of a Financial Institution

The Center of Excellence in Anti-Money Laundering is organizing training for employees of Lithuanian financial institutions on the topic “CASP/VASP – The Client of a Financial Institution.” During the training, experts from the Center of Excellence in Anti-Money Laundering, the Bank of Lithuania, Société Générale, and the National Bank of Georgia will present case study results on managing crypto impacts in traditional financial institutions, sharing best practices in assessing the risk of financial crimes. Participants will be introduced to Georgia’s VASP regulatory framework, the structure of the VASP ecosystem, opportunities and risks, and risk mitigation measures. Expectations from the Bank of Lithuania for future crypto-asset service providers in the AML/CFT area will also be presented. Experts will answer participants’ questions.

Please note, that training will not be recorded. 

⏱️AGENDA:

14:00-14:10

Introduction of the topic, Greta Barkauskienė, Center of Excellence in Anti-Money Laundering.

14:10-15:00

Managing Crypto Exposure in Traditional Financial Institutions: Case Studies and Best Practices for Financial Crime Risk Assessment, Olga de TRUCHIS, Société Générale.

15:00-15:30

VASP regulatory framework of Georgia. Structure, opportunities and risks of VASP ecosystem and risk mitigation measures, Nikoloz Kandelaki, The National Bank of Georgia.

15:30-15:40

Break

15:40-16:10

Expectations of the Bank of Lithuania for future crypto-asset service providers – AML/CFT area. Establishing and monitoring business relationships. Observations by the Bank of Lithuania during the supervision of financial market participants and best practices when CASP/VASP is a client of an institution. Artūras Šedys and Adomas Augonis, The Bank of Lithuania.

16:10-16:40

Discussion: The National Bank of Georgia and the Bank of Lithuania, moderator, Greta Barkauskienė, Center of Excellence in Anti-Money Laundering.

16:40-17:00

Q/A session.