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Registration

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.

2024 09 17 14:00 Nuotoliniai mokymai

Speakers

Olga de Truchis

Société Générale Compliance Coordinator on Crypto-Assets & Blockchain (based in France); Europol Financial Intelligence Public Private Partnership (EFIPPP) Crypto-Assets Workstream Co-Driver; OSCE & UNODC Expert on Virtual Assets).
Société Générale Compliance Coordinator on Crypto-Assets & Blockchain (based in France); Europol Financial Intelligence Public Private Partnership (EFIPPP) Crypto-Assets Workstream Co-Driver; OSCE & UNODC Expert on Virtual Assets).

Olga de Truchis

Key bullet points from her presentation:

• Summary and examples of direct and indirect exposure to crypto: traditional FIs are exposed to crypto in different ways, even if they don’t offer crypto-related services and don’t engage in direct business relationship with CASPs; implementing a tailored risk-based approach.

• Adapting internal organisation to manage crypto risks (at the level of LOD2 & LOD1); defining crypto-assets strategy and risk appetite; dedicated training & awareness; updating policies, procedures, questionnaires incl. on client onboarding and KYC review.

• Detection and monitoring of crypto exposure, incl. AML monitoring of crypto-related transactions in fiat currency.

• Use of Blockchain analytics tools in the financial crime risk analysis.

• Practical case studies (KYC/AML analysis of CASP & other Web3 companies, non-CASP client using bank account for crypto off-ramp or on-ramp, bank client HNWI with origin of wealth from crypto).

Read more

Nikoloz Kandelaki

Acting Head of PSP Supervision and VASP Registration Department, the National Bank of Georgia.
Acting Head of PSP Supervision and VASP Registration Department, the National Bank of Georgia.

Nikoloz Kandelaki

Nikoloz Kandelaki has 16 years of experience in the financial sector of Georgia, public and private sector, 10 years within one of the leading Banks in Corporate and SME banking (service and crediting) where he sharpened his analytical and risk management skills. This expertise solidified further during 5 years in leadership roles.

Building upon this strong foundation, Nikoloz transitioned to the National Bank of Georgia, dedicating 6 years to safeguarding the financial system within the Banking Supervision and Payment Systems Departments. From 2021 Nikoloz was involved in the developing of Virtual Asset Regulatory Framework and VASP registration rule, that regulates and reshapes Georgian Virtual Asset market. Today, he leverages his diverse background and proven leadership skills as Acting Head of PSP Supervision and VASP Registration Department.

Read more

Artūras Šedys

Senior Specialist at the Financial Market Supervision Department, Anti-Money Laundering Regulation Division, The Bank of Lithuania.
Senior Specialist at the Financial Market Supervision Department, Anti-Money Laundering Regulation Division, The Bank of Lithuania.

Artūras Šedys

His main responsibilities include supervising financial market participants in the AML/CFT area and involvement in the preparation for supervising future crypto-asset service providers – AML/CFT area.

Read more

Adomas Augonis

Senior Specialist at the Financial Market Supervision Department, Anti-Money Laundering Inspection Division, The Bank of Lithuania.
Senior Specialist at the Financial Market Supervision Department, Anti-Money Laundering Inspection Division, The Bank of Lithuania.

Adomas Augonis

His main responsibilities include supervising financial market participants in the AML/CFT area and participating in AML/CFT inspections of financial market participants.

Read more

Susiję renginiai

CASP/VASP – The Client of a Financial Institution

2024 09 17 14:00 Nuotoliniai mokymai

Sužinoti daugiau

Susiję renginiai

CASP/VASP – The Client of a Financial Institution

2024 09 17 14:00 Nuotoliniai mokymai
Sužinoti daugiau

6100

Mokymuose dalyvavusių asmenų

700

Juridiniai asmenys, kurių atstovai dalyvavo Centro mokymuose

4,5/5

Vidutinis balas, kuriuo dalyviai įvertina mokymų kokybę.

figure

Société Générale Compliance Coordinator on Crypto-Assets & Blockchain (based in France); Europol Financial Intelligence Public Private Partnership (EFIPPP) Crypto-Assets Workstream Co-Driver; OSCE & UNODC Expert on Virtual Assets).

Olga de Truchis

Key bullet points from her presentation:

• Summary and examples of direct and indirect exposure to crypto: traditional FIs are exposed to crypto in different ways, even if they don’t offer crypto-related services and don’t engage in direct business relationship with CASPs; implementing a tailored risk-based approach.

• Adapting internal organisation to manage crypto risks (at the level of LOD2 & LOD1); defining crypto-assets strategy and risk appetite; dedicated training & awareness; updating policies, procedures, questionnaires incl. on client onboarding and KYC review.

• Detection and monitoring of crypto exposure, incl. AML monitoring of crypto-related transactions in fiat currency.

• Use of Blockchain analytics tools in the financial crime risk analysis.

• Practical case studies (KYC/AML analysis of CASP & other Web3 companies, non-CASP client using bank account for crypto off-ramp or on-ramp, bank client HNWI with origin of wealth from crypto).
figure

Acting Head of PSP Supervision and VASP Registration Department, the National Bank of Georgia.

Nikoloz Kandelaki

Nikoloz Kandelaki has 16 years of experience in the financial sector of Georgia, public and private sector, 10 years within one of the leading Banks in Corporate and SME banking (service and crediting) where he sharpened his analytical and risk management skills. This expertise solidified further during 5 years in leadership roles.

Building upon this strong foundation, Nikoloz transitioned to the National Bank of Georgia, dedicating 6 years to safeguarding the financial system within the Banking Supervision and Payment Systems Departments. From 2021 Nikoloz was involved in the developing of Virtual Asset Regulatory Framework and VASP registration rule, that regulates and reshapes Georgian Virtual Asset market. Today, he leverages his diverse background and proven leadership skills as Acting Head of PSP Supervision and VASP Registration Department.

figure

Senior Specialist at the Financial Market Supervision Department, Anti-Money Laundering Regulation Division, The Bank of Lithuania.

Artūras Šedys

His main responsibilities include supervising financial market participants in the AML/CFT area and involvement in the preparation for supervising future crypto-asset service providers – AML/CFT area.
figure

Senior Specialist at the Financial Market Supervision Department, Anti-Money Laundering Inspection Division, The Bank of Lithuania.

Adomas Augonis

His main responsibilities include supervising financial market participants in the AML/CFT area and participating in AML/CFT inspections of financial market participants.