What is banking compliance and why is it important?

Banking compliance refers to the process and controls that banks put in place to ensure they adhere to applicable laws, regulations, and industry standards. It is crucial to manage legal risk, build trust with regulators, and maintain operational integrity.

Which regulations are applicable to banks in the UK?

In the UK, banks must comply with regulations such as the Financial Services and Markets Act, Prudential Regulation Authority (PRA) rules, Financial Conduct Authority (FCA) regulations, anti‐money laundering (AML) laws, and data protection requirements.

Do you assist with obtaining banking licences and regulatory authorisations?

Yes. ABM Global Compliance provides support throughout the process of obtaining banking licences and regulatory authorisations, including preparing documentation, liaising with regulators, and ensuring ongoing compliance.

What is involved in a banking compliance audit?

A banking compliance audit involves reviewing policies, systems, and practices to identify gaps in regulatory compliance; assessing risk exposure; and recommending corrective actions to ensure full compliance with applicable regulatory standards.

How can strategic compliance solutions help my bank?

Strategic compliance solutions help banks align their compliance frameworks with business goals, implement robust systems for risk mitigation, and stay ahead of regulatory changes to avoid fines and reputational damage.

How do you monitor changes in banking regulation?

ABM Global Compliance tracks regulatory updates from bodies such as the FCA, PRA, and other relevant international regulators and reviews internal policies accordingly; we also provide advisory services to adapt to new requirements quickly.

Is there ongoing support after compliance frameworks are set up?

Yes. We offer ongoing monitoring, periodic reviews, staff training, compliance reporting, and adjustments to your framework as regulations evolve.

How do I start working with ABM Global Compliance for banking services?

You can contact us via phone at +44 207 515 7080 or email info@abmglobalcompliance.com/lt. We begin with a discovery call to understand your needs, then propose a tailored compliance plan.

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Designing Compliance Frameworks for Banks

ABM Global Compliance develops tailored, end-to-end compliance frameworks for Lithuanian banks, aligned with Bank of Lithuania, ECB supervision, and EU regulations. We cover governance, risk management, AML/CFT, credit risk, and outsourcing compliance, integrating automated monitoring for real-time risk assessment and scalable systems.

AML/CFT Program Development & Reviews

We help banks build and enhance AML/CFT programs following Lithuanian law, Bank of Lithuania guidance, and FATF standards. Services include CDD/EDD, sanctions and PEP screening, transaction monitoring, suspicious transaction reporting, plus independent reviews and gap analyses to ensure supervisory readiness.

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Regulatory Licensing & Advisory

Our experts support banks in obtaining and maintaining licences under Bank of Lithuania supervision, including new applications, amendments, and ongoing compliance. We also advise foreign branches on local licensing and cross-border compliance, helping banks adapt to changing prudential requirements.

Outsourced Compliance Functions

ABM offers outsourced roles such as Chief Compliance Officer (CCO), MLRO, and Data Protection Officer (DPO), providing day-to-day monitoring, regulatory reporting, governance updates, and advisory support—delivering cost-effective, high-quality compliance solutions.

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Banking-Specific Training & Capacity Building

We deliver focused training on Lithuanian and EU regulations covering AML/CFT, prudential risk, outsourcing, GDPR, and internal controls through workshops, e-learning, and executive briefings to foster a strong compliance culture.

Internal Audit & Regulatory Readiness

We perform full internal audits and mock inspections assessing compliance with Lithuanian laws, Bank of Lithuania, and EU directives. Our reports include practical recommendations to boost readiness for supervisory reviews.

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Cross-Border & EU Banking Compliance

For Lithuanian banks operating internationally, we provide advisory on managing multi-jurisdictional compliance including FATCA, CRS, and EU AML/CFT standards, supporting policy harmonisation and coordination with regulators like ECB and FCA.

Ongoing Compliance Support

ABM offers continuous advisory, including quarterly health checks, regulatory updates, and compliance reporting, helping institutions stay ahead of regulatory changes and maintain ongoing readiness.