AMLYZE Partners with Lithuania's Largest Credit Union Group for AML Compliance

AMLYZE, a Lithuanian regulatory technology firm specializing in anti-money laundering (AML) and counter-terrorism financing (CTF) solutions, has signed a long-term agreement with Lietuvos centrinė kredito unija (LCKU), the country's largest central credit union. LCKU unites 44 credit unions and over 100 customer service locations across Lithuania, forming the LKU credit union group.

Under the new agreement, AMLYZE will become the primary compliance technology provider for the entire LKU credit union group. The group plans to deploy the full AMLYZE platform, which includes real-time and retrospective transaction monitoring, customer risk assessment, customer and payment screening (covering Politically Exposed Persons (PEPs), sanctions, and adverse media), as well as advanced AML investigations and case management. This comprehensive coverage aims to assist LCKU and its member unions in addressing evolving financial crime threats while adhering to stringent local and EU regulatory requirements.

Gabrielius Erikas Bilkštys, CEO & Co-Founder of AMLYZE, stated, "With this partnership, AMLYZE is now firmly established as the compliance benchmark for Lithuania's credit-union sector. Our modular platform is the perfect fit for centralized, regulated financial institutions that manage a wide network of regional service points, and we are excited to help LCKU and its members credit unions scale safely."

Mindaugas Vijūnas, CEO and Chairman of the Board at LCKU, emphasized the credit union's commitment to compliance: "For us, money laundering prevention is not just a regulatory requirement - it's a responsibility. We are committed to ensuring that credit unions remain trustworthy and transparent financial institutions, which is why we continuously invest in solutions to strengthen our risk management capabilities and meet the highest compliance standards. We believe that our partnership with AMLYZE will elevate our risk management system to an entirely new level of quality."