Eglė Malonaitė

• Appointed as Head of AML Department and MLRO, responsible for Bank’s AML/CTF and sanctions framework, including strategic alignment with Group and regulatory requirements.

Key Achievements:

• Built and transformed AML/Sanctions function from a 4-person team within Compliance (2018) into a dedicated AML Department, now comprising 49 employees, within newly established Monitoring & Security Division.
• Led AML/Sanctions stream of CORE project, successfully migrating Lithuania’s operations to Baltic IT platform by mapping end-to-end processes, collaborating with development team, and ensuring seamless integration of AML/sanctions controls and data flows.
• Successfully managed regulatory inspections by Financial Supervisory Authority, preparing final inspection draft and ensuring compliance with supervisory expectations.
• Demonstrated resilience under pressure by leading crisis management during Russia–Ukraine war, implementing contingency plans, mobilizing organization for sanctions investigations, and advising senior management on urgent sanctions measures.
• Developed comprehensive AML/sanctions training programs for AML Department, FCP Division, and wider organization, including onboarding programs for newcomers.
• Improved governance and reporting structures, providing senior management and Board with enhanced oversight of sanctions and AML/CTF risks.
• Oversaw departmental budgeting and resource allocation, achieving cost efficiencies while meeting increasing sanctions and AML/CTF compliance demands.

• Hired to establish and lead Bank’s second line of defense AML/CTF and sanctions function, ensuring compliance with external regulations and Group requirements.

Key Achievements:

• Established AML Unit, recruiting and structuring team to represent second line of defense within Bank.
• Successfully implemented AML IV and AML V directives, embedding regulatory requirements into policies and processes.
• Enhanced monitoring and screening systems, improving detection capabilities and reducing risk exposure.
• Designed and implemented risk-based controls, including yearly Sanctions Risk Assessment, activity-based scoring, cash limits, and additional sanctions list screening.

• Led audit projects, providing insights and recommendations to clients.
• Managed audit teams, planning and reviewing work, and ensuring compliance with audit standards.

• Led migration of responsibilities from Denmark to Lithuania, managed team recruitment, implemented operational strategies, and improved fraud detection methods.

• Developed methods for detecting and preventing fraudulent payments, handled SWIFT operations, and mentored team members.