Auksė Trapnauskaitė

Senior Associate

Language

Lithuanian, English

Services

Sectors

Country

Lithuania

About me

I am a member of the firm’s Finance & Insurance team, specialising in the field of prevention of money laundering and terrorist financing, and in compliance and the regulation of financial institutions. I have over five years of experience in supervising financial institutions in this area and advising on the proper implementation of the relevant requirements.

Professional highlights

Experience at the central bank of Lithuania. For over five years I worked at the Financial Market Supervision Service of the Bank of Lithuania, where I was responsible for supervising financial institutions in the field of prevention of money laundering and terrorist financing – I advised financial institutions and led inspections into their activities. Additionally, I specialised in implementing international financial sanctions. Experience at the supervisory authority has not only made it possible to become one of the strongest experts in the field in Lithuania, but also to better understand the practical challenges and risks that financial market participants face in their daily activities.

Specialisation in financial services. I have an in-depth understanding of a wide range of financial products and of the particular characteristics of different financial institutions (from credit institutions and banks to fintech startups) and the risks related to their activities. I advise companies on money laundering and terrorist financing prevention requirements, the establishment and implementation of appropriate internal control procedures, and other compliance and regulatory issues.

National and international regulatory expert. I worked on the transposition of the 4th and 5th EU Money Laundering Prevention Directives into Lithuanian national legislation, and was responsible for drafting the instructions of the Board of the Bank of Lithuania to financial market participants.

I worked in international working groups: was a member of the Lithuanian Delegation to the Council of Europe’s Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL); participated in the activities of European Commission’s Expert Group on Money Laundering and Terrorist Financing (EGMLTF); and the European Banking Authority’s Committee on Combating Money Laundering (AMLC).

Certified internal audit and international sanctions specialist. I am a Certified Internal Auditor (Lithuanian Association of Internal Auditors), and a Certified International Sanctions Specialist (ACAMS). I am also qualified to carry out MONEYVAL’s country assessments.

Academic background

  • Radboud University Nijmegen, The Netherlands (MA in Law)
  • Mykolas Romeris University, Lithuania (BA in Law)
  • Masaryk University, Czech Republic (visiting student)