AML Audit and Preparation for FNTT and Bank of Lithuania Inspections

An AML audit is an independent comprehensive review of a company’s internal control system for compliance with Lithuanian law and regulators’ requirements.

Inspection preparation includes gap analysis, updating policies, procedures and practices, and bringing the business into full compliance with FNTT and Bank of Lithuania requirements — helping you pass planned and unplanned inspections successfully and minimise sanction risks.

Why

Why is an AML audit and inspection preparation important?

Avoid fines

Helps avoid significant fines, suspension or revocation of a licence (EMI, PI, CASP)

Legal compliance

Ensures full compliance with AML law

Partner trust

Increases trust from banking partners, investors and clients across the EU

Risk reduction

Reduces operational and reputational risks amid increased scrutiny of crypto, payment and fintech companies

Process

AML audit and inspection preparation procedure

The process is designed to minimise risk and prepare the company for any regulatory inspection.

Initial consultation

Assessing the current compliance status and identifying risks

Comprehensive AML audit

Analysing policies, procedures, risk assessment, KYC/monitoring processes and documentation

Gap analysis

Preparing a gap analysis and a detailed remediation plan

Updating documents

Developing/updating AML/CFT policies, risk assessment, CDD procedures and training programmes

Inspection preparation

Preparing the document package for the regulator and support during a BoL or FNTT inspection

Post-audit support

Monitoring and support for ongoing compliance

Services

Our AML services

Independent AML audit

Comprehensive review of internal policies, procedures and control systems

Inspection support

Full support before and during regulatory inspections

Risk Assessment & Gap Analysis

Identifying weak points and compliance risks

Policy development

Preparing and updating AML documentation

Staff training

Practical training in line with Lithuanian and EU AML requirements

Ongoing compliance support

Regular updates and support to maintain full compliance

Why us

Why choose us

Deep expertise

In Lithuanian and EU AML/CTF legislation, with regular specialised team training

Regulated entities experience

Working with financial institutions, fintechs and crypto service providers

Practical recommendations

Supporting implementation of recommendations

Track record

A successful track record passing AML inspections

Contact us

Prepare for your AML audit

Avoid fines and reputational risks by ensuring your AML framework complies with regulatory requirements. Our experts will help you prepare for an inspection, strengthen internal controls and pass the inspection with confidence.

Contact Us

Have a Question?

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info@legalmechanic.com

AML Audit and Preparation for FNTT and Bank of Lithuania Inspections