AML/CTF Statement
This statement affirms NeFin Solutions, UAB’s commitment to preventing money laundering (AML) and counter-terrorist financing (CTF). It summarises our approach to compliance with FATF, EU, and Lithuanian requirements. Detailed internal procedures remain confidential and available only to regulators upon request.
1. Our AML/CTF commitment
We actively prevent misuse of our services for financial crime.
NeFin Solutions, UAB is committed to maintaining the highest standards of anti-money laundering (AML) and counter-terrorist financing (CTF) compliance. We apply a risk-based approach to ensure that our platform cannot be used for illicit purposes.
2. Regulatory framework
We comply with international and EU rules.
Our AML/CTF measures are designed in line with:
- FATF Recommendations (esp. R.10 Customer Due Diligence, R.16 Travel Rule)
- EU AML Directives (AMLD5, AMLD6, forthcoming AMLR)
- Markets in Crypto-Assets Regulation (MiCA)
- Lithuanian Law on the Prevention of Money Laundering and Terrorist Financing
- Guidelines of the Bank of Lithuania and the Financial Crime Investigation Service (FNTT)
3. Key measures
Our main controls to reduce AML/CTF risk.
- Customer due diligence (KYC/KYB) on all clients before onboarding
- Enhanced due diligence (EDD) for high-risk customers and transactions
- Sanctions, PEP, and adverse media screening (continuous monitoring)
- Transaction monitoring and red-flag indicators (real-time & post-event)
- Application of the Travel Rule for crypto-asset transfers
- Recordkeeping for at least 8 years after the end of the business relationship
4. Roles and responsibilities
Who ensures AML/CTF compliance in our company.
The Company has appointed a Money Laundering Reporting Officer (MLRO) who is responsible for AML/CTF compliance and acts as the primary point of contact for regulators. Senior Management provides oversight, and all employees share responsibility for compliance.
5. Training and awareness
We train staff regularly on AML/CTF risks and procedures.
All employees undergo initial and periodic AML/CTF training tailored to their role. Training covers detection of suspicious activities, reporting obligations, and updates in regulation.
6. Suspicious activity reporting
How we handle suspicious activity.
We promptly report suspicious activity to the Financial Crime Investigation Service (FNTT) in Lithuania, and cooperate with law enforcement authorities in the EEA and globally as required.
7. Review and updates
We regularly review and improve our AML/CTF framework.
This statement and our underlying AML/CTF program are reviewed at least annually, and updated whenever required by changes in law, regulation, or risk exposure.
8. Contact
AML/CTF compliance contact.
NeFin Solutions, UAB
AML/CTF Compliance Department
Savanorių pr. 187-301, LT-02300 Vilnius, Lithuania
Email: compliance@nefin.io