New MLRO appointment in Lithuania
London, 13th December 2022: Global cryptocurrency-based fintech services group, SG Veteris has appointed Tautvydas Sūnelaitis as money-laundering reporting officer (MLRO) for its Lithuanian office. Founded over six years ago, the company recently announced that it has opened new offices in Estonia and Lithuania and it has now been authorised to provide exchange services for cryptocurrency against fiat currency, as well as being a cryptocurrency wallet service provider, allowing users in Lithuania to access its Bitpace and Koinal products.
Tautvydas reports into the Group’s Chief Compliance Officer and MLRO, Anna Timone, and his primary role is to ensure that the Lithuanian office adheres to regulations and that staff are familiar with Know Your Customer (KYC) procedures and are up to date with current anti-money laundering regulations.
He brings seven years’ experience having held positions with Danske Bank and Panpay Europe where he looked after anti-money laundering and terrorist financing rules and procedures and writing recommendations after investigations, customer onboarding, KYC reviews and transaction monitoring. He has also held positions across Lithuania, Budapest and Vienna for UAB Intermedix, the Ministry of Foreign Affairs of Lithuania and the Embassy of the Republic of Lithuania to Hungary, the Republic of Serbia, Bosnia and Herzegovina, Montenegro and the Republic of Macedonia.
Commenting on the appointment, Anna Timone said:
I am delighted to welcome Tautvydas to the team as we are continuing to invest in high-calibre and experienced staff to help us maintain the highest standards and ensure that global regulations are meticulously adhered to. We are delighted to have met the strict requirements of the Financial Crime Investigation Service (FCIS) in Lithuania and he will be responsible for ensuring that we continue to meet evolving regulations as stricter transparency requirements are introduced to create and ensure a safe environment for customers. In an increasingly regulated world, we want to provide a better customer experience and to continue to strengthen our KYC and MLRO services so they can always use our services with confidence.”
Tautvydas has been approved by the Lithuanian FIU (FNTT) and holds a Masters Degree in Contemporary Politics and a Bachelors Degree in Political Sciences.
He joins a team of 40 staff employed by the Lithuanian office and it has plans to further expand the team and employ a local country manager to lead it.
Anil Oncu, Chief Executive at SG Veteris adds:
“SG Veteris is currently in a growth phase, and we have further global expansion plans in reputable jurisdictions in 2023. We’re excited about launching in even more countries as we are seeing consumer behaviours shift and crypto payments becoming more popular and in demand. We recognise that there are still some hurdles to be overcome before crypto adoption becomes mainstream and widely used, and the introduction of regulation across the world will boost its benefits and curb potential threats. We are proud to continue to attract the best people in the industry to help us continue to scale.”
Founded in 2016, SG Veteris is a global cryptocurrency-based fintech services group, which is headquartered in London and has offices across five countries (UK, Bulgaria, Estonia, Lithuania and Turkey).
It provides secure, fast and reliable cryptocurrency-based financial solutions for individuals and businesses of all sizes, to make cryptocurrency easy to access and use. Its brands include:
· Koinal: a global crypto trading platform which provides a fast, easy and secure way to instantly buy, sell, deposit or withdraw the most popular cryptocurrencies 24/7 through credit and debit cards, bank transfers and Apple Pay. (www.koinal.io)
· Bitpace: a trading and payment gateway which provides businesses with a leading ecommerce tool to accept instant payments in a range of cryptocurrencies for their products and services, offering the best and biggest alternative to Fiat payment methods. (www.bitpace.com)
· OTC Trading: a discreet, personal, one-to-one, over the counter service for institutions and
individuals wanting to trade high cryptocurrency volumes (over £100k), supporting 100+ coins and comprehensive coverage in over 100 countries. (www.sgveteris.com/otc-services)