Sorainen

Finance & Insurance

I specialize in banking, financial services, prevention of terrorist financing and anti-money laundering (AML) plus public procurement. I am experienced in advising fintech market participants in the licensing process and representing them at the Bank of Lithuania. I also have extensive experience in the field of public procurement – not only have I prepared numerous successful tenders, but I have also organised public procurement tenders while working in large contracting authorities.

AML and terrorist financing prevention regulation. I have extensive experience in advising companies on implementing measures to prevent money laundering and terrorist financing – I developed procedures for implementing these measures and have carried out AML audits. I regularly advise financial institutions and other companies on issues in this area.

Assisting fintech companies. My advice to fintech companies includes matters such as company establishment, operations, licensing and other relevant regulatory issues. I also assist clients in communicating with the Bank of Lithuania – my experience includes advising clients on obtaining permission from the bank of Lithuania to acquire the capital and voting rights of a licensed payment institution. I also assisted in obtaining the Bank of Lithuania’s approval for a new payment institution manager and in contacting the bank of Lithuania about information on international payments.

Experience in public procurement. While working in one of the largest contracting organisations in Lithuania, I successfully completed many international and simplified public procurement projects in construction work, repair and maintenance, finance and insurance, IT and other fields. I also gained experience in preparing annual procurement plans, technical specifications, analysing and preparing responses to bids and claims by suppliers, as well as participating in negotiations with suppliers.

Banking and financial services. I have gained extensive experience in the field of banking and finance. My projects in this field include a study on absorption of EU funds through financial engineering measures for companies operating in the furniture and wood sector, and analysing the possibilities and benefits of receiving support from EU Structural Funds. I also advise clients on structuring and issuing bond issues and implementing other projects.

Lithuanian, English

Mykolas Romeris University, Lithuania (MA in Law) Mykolas Romeris University, Lithuania (BA in Law) University of Białystok, Poland (exchange student)