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Published: 30 november 2020 10:30

E. Gudaitis becomes head of cryptocurrency exchange SpectroCoin’s compliance department

SpectroCoin
SpectroCoin

Compliance expert Edvardas Gudaitis has taken charge of Lithuanian cryptocurrency exchange SpectroCoin’s compliance department. As part of the fintech company, he will be tasked with money laundering prevention requirement implementation, compliance measure improvement, cooperation with market oversight institutions, and leading a team of compliance specialists.

E. Gudaitis has almost five years of experience in the compliance domain: previously, for a year and a half, he was Danske Bank’s Head of Knowledge & Competencies in AML/CTF area, while before this, he held the position of anti-money laundering consultant and other compliance-related positions.

“From the very beginning of SpectroCoin’s operations, we have dedicated a great deal of attention to upholding legal regulation and compliance requirements, which are an inseparable part of our everyday activities. We are certain that Edvardas’ years of experience in the traditional finance sector will serve well in ensuring the highest compliance standards in the highly dynamic financial technology business,” says Vytautas Karalevičius, one of SpectroCoin’s co-founders.

“I am glad to have joined a Lithuanian financial technology company which offers innovative financial solutions. I believe that by continuing to dedicate significant attention to anti-money laundering efforts and terrorist financing prevention, as well as adhering to the highest compliance standards, we will create greater value for our clients and to the entire market,” says E. Gudaitis.

E. Gudaitis holds a master’s degree in Law from Vilnius University. He is also a CAMS-Audit certified anti-money laundering expert.

In 2013, SpectroCoin was founded by three Lithuanians: Vytautas Karalevičius, Mantas Mockevičius, and Justas Dobiliauskas. SpectroCoin offers cryptocurrency exchange and blockchain wallet services, which are currently used by over a million clients in 150 different countries around the world.

In 2019, the Science, Innovation and Technology Agency (MITA) released the publication Lietuvos Inovacijų Gidas [Lithuanian Innovation Guide], where the SpectroCoin virtual wallet was named as one of the few Lithuanian-created financial innovations. Lithuania also holds Bankera, another financial technology company founded by the very same entrepreneurs, which offers an alternative to traditional bank accounts and payment processing solutions.

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