The Center of Excellence in Anti-Money Laundering is organizing an online training session on the topic: “Implementation of a risk-based approach to ensure financial inclusion”.
This training aims to introduce participants to the core principles of a Risk-Based Approach (RBA) and enhance their understanding of its implementation, as well as the roles and responsibilities shared by both private and public sectors.
The implementation of an excessively cautious approach to anti-money laundering (AML) and counter-financing of terrorism (CFT) safeguards may initially appear to be a prudent strategy to shield the financial system from illicit activities. However, such an approach can inadvertently exclude legitimate businesses and consumers from the regulated financial environment, a phenomenon commonly referred to as “de-risking.” This process has the potential to introduce further risks and uncertainties into the global financial system. As account relationships are severed, entities and individuals may feel compelled to pursue alternatives within less regulated or even unregulated channels, thereby exacerbating the existing challenges.
During the training, experts from the Center of Excellence in Anti-Money Laundering, MONEYVAL, and the Latvia’s Bank will:
- Provide an overview of RBA as the core principle of FATF’s Standards.
- Introduce the concept of “proportionality” as opposed to the previously used concept “commensurate.”
- Explain how RBA can be applied to understand and mitigate risks by the obliged entities
- Elaborate on institutional challenges to adopting RBA and simplified measures
Participants will be introduced to concepts such as risk-based approach, proportionality, simplified measures, risk mitigation, the roles of supervisors, and obliged entities.
Experts will answer participants’ questions.
Target Audience: Employees of Lithuanian financial and law enforcement institutions.
Language: The online training will be conducted in English.
Date: 3th September 2025
Time: 09:00 – 12:00 (Vilnius time)
AGENDA
09:00 – 09:10: Introduction to the topic by Greta Barkauskienė, Center of Excellence in Anti-Money Laundering.
09:10 – 10:10 “Rethinking Risk: Embedding the Risk-Based Approach and Proportionality in National and Supervisory Frameworks” by Kotryna Filipavičiūtė, Programme manager, MONEYVAL and Criminal Asset Recovery, Economic Crime and Corruption Department, Directorate General Human Rights and Rule of Law, Council of Europe
10:10 – 10:20: Break
10:20 – 11:10 “Operationalizing RBA: Navigating Risk, Proportionality, and Practical Constraints at the Institutional Level” by Kristaps Markovskis, Head of Anti-Money Laundering Department, the Latvia’s Bank.
11:10 – 12:00: Q&A Session.
This training will not be recorded or published on our website.
Housekeeping rules for this activity:
- You are encouraged to take notes and actively participate in the Q&A session.
- Acknowledging the lecturer’s ownership of materials and avoiding unauthorized use or distribution of the intellectual property, this training session is not to be recorded. Please note, personal recordings of the session are prohibited.
Register now by clicking here: https://seminarai.operatoriai.eu/aml.
To be considered, please ensure to fill in all required fields accurately.
IMPORTANT: INFORMATION ON CERTIFICATES
Training certificates are generated and sent automatically, so it is important to provide your information correctly and to follow the training following the specified guidelines. The data about participants is permanently deleted after the training is completed. As a result, we will not be able to issue or regenerate certificates later.
Please note that participants wishing to receive a training certificate:
– During the registration process, they must fill in their name, surname, and email address and indicate that they wish to receive a training certificate.
– Must watch at least 70% of the training webcast. Please be advised that viewing time is only recorded when the webcast window remains open (not minimized) and the participant is not engaged in other applications or emails during the training session.