Financial projections and statements at the level of the bank and, where applicable, of the consolidated group including existing and future debts of the bank prior to the commencement of banking activities; collateral, guarantees or indemnities provided or intended to be provided by the bank prior to the commencement of banking activities; the rating of the bank and, if applicable, the overall rating of the consolidated group; analysis of the extent of consolidated supervision; description of the risk management system, including risk limit system, credit and lending risk taking, interest rate and settlement risk management, liquidity and concentration risk management, and diversification policy, provisioning compilation, collateral management, dividend allocation; draft of the accounting policy and a detailed description of the accounting system; a bank resuscitation plan prepared in accordance with the Resolution No. 03-209 of the Board of the Bank of Lithuania of 29 December 2015; description of the Internal Liquidity Adequacy Assessment Process (ILLAP), etc.

Preparation of documents and the application for SB license, including the incorporation of the company with the governance structure and capital as those which are required for the bank, corporate resolutions of the relevant bodies deciding on applying for the banking license, approving various internal rules and procedures, program of operations including the initial Internal Control Policy, Compliance Function Rules, Internal Audit Regulations, Internal Audit Procedure and Working Regulations of the Audit Committee, Risk Management Function, whistle blowing policy, the conflicts of interest policy, the policy promoting diversity in the management body, the complaints handling policy, the remuneration policy for staff, the systems and policies for assessing and managing the risks of money laundering and terrorist financing, the internal audit resources and an outline of the methodology and internal audit plan, external and intra-group outsourcing rules, and other documents required by the law.

Preparation of the forms about direct and indirect holders of qualifying holdings (>10 percent of shares / votes or ability to exercise significant influence up until UBOs). Information about proposed managers of the bank including CEO and deputy CEO, CFO, CRO, CTO, which should normally at the same time serve as board members, supervisory council members, internal auditor, etc. Information on licenses, authorizations, registrations or other permits granted by any Member State or a third country authority or other public sector entity in the financial services sector of any group company; the history of litigation and their outcome; information on significant events that have occurred or are taking place and that may reasonably be considered relevant for the application for a banking authorization.

Mediation in finding an IT system supplier and/ or facilitation of IT system development to meet the requirements for the SB application; Preparation of a detailed description of the IT infrastructure, systems, functions organization, management, security assurance and other systems and controls of the bank including KYC process, Anti-money laundering check tools and databases, anti-terrorist financing check tools and databases, fraud prevention check tools, personal data protection, etc.

Facilitation of essential staff recruitment process, preparation of employment contracts, workplace safety consultancy, organization of training programs if necessary, etc. The minimum number of a bank’s management employees must be 10 people. More details could be found above.

✓ Crypto Exchange License: A company or branch of a company gets the opportunity to exchange digital currency and receive a commission;

✓ Crypto Wallet Exchange: A company or branch of a company can manage customer wallets for the storage of crypto-currency.

✓ Opportunity to exchange and store digital currencies with a crypto license in Lithuania;

✓ Access to a favorable environment for fintech startups in Lithuania;

✓ Simplified licensing procedure for obtaining necessary permits in Lithuania;

✓ Separate activities of traditional financial institutions and companies dealing with cryptocurrencies in Lithuania;

✓ Compliance with AML-CTF in Lithuania;

✓ Opportunity for traditional market players to still participate in the turnover of virtual assets.

✓ Obtaining authorizations of the cryptocurrency exchange operator or the operator of the depository crypto wallets;

✓ Assistance in accounting services;

✓ Memorandum for self-check on applicable Lithuania regulations;

✓ Notice to FCIS;

✓ Management training on internal governance, compliance & responsibilities;

✓ AML-CTF audit preparation;

✓ Compliance audit preparation;

✓ Compliance and DPO outsourcing;

✓ Enterprise-wide AML-CTF risk management assessment;

✓ Preparation of full AML-CTF documents package.

The review and design of your AML program in a practical and compliant way.

Anti-Money laundering (“AML”) has been at the heart of the regulatory concerns of regulated entities for many years.

In Vilnius, Lithuania and other European jurisdictions, an evolving regulatory environment has obliged such regulated entities to review their AML framework.

We offer AML services which cover the following:

✓ A full independent review of the regulated entities’ AML program;

✓ Certified trainings and awareness sessions for employees and management;

✓ Ad-hoc support in case of remediation plans;

✓ Assistance in the definition of regulated entities' risk-based approach;

✓ Drafting tailored AML policies and Know Your Client checklists.

✓ Investment funds establishment projects according to various investment strategies, i.e. real estate / private equity / private debt / funds of funds / hedge funds / UCITS, etc;

✓ Investment funds could be established according to UCITS / AIFMD / SIF legal regimes;

✓ Investment funds accounting service (NAV calculation / preparation of financial statements to supervisor authority, etc.);

✓ EMI accounting service (preparation of financial statements to supervisor authority / audit, etc.).

✓ Consultation on all aspects of acquisitions, sales and mergers, i.e. buy-outs (LBOs, MBOs, privatisation other acquisitions);

✓ Structuring acquisitions and divestments (including financing and tax advice); legal and tax due diligence; merger control; shareholder agreements; share and asset sales and other exits; acquisitions and disposals of real estate projects; joint ventures; corporate mergers, de-mergers and other reorganisations; negotiations at all stages; post-acquisition advice.