AMLYZE will now serve as LCKU’s primary supplier of anti-money laundering (AML) and counter-terrorist financing (CTF) technology. The agreement officially recognizes AMLYZE as a key player in supporting compliance efforts for this group, formally known as Lietuvos centrinė kredito unija.
Implementing the full suite of AMLYZE’s solutions will enable real-time and retrospective transaction monitoring, screening for politically exposed persons (PEPs), sanctions, and negative media coverage. Additionally, customer risk assessment and case management tools for advanced AML investigations will be integral components of this setup.
Officials from LCKU emphasize that this decision reflects their commitment to enhancing transparency and upholding stringent compliance standards as per both national and EU regulations. They view AML processes not only as a legal requirement but also as an essential institutional responsibility aimed at preserving public trust in credit unions.
AMLYZE representatives highlight the significance of this deployment for the company, noting that it represents a notable advancement in their work with large-scale regulated financial institutions. The modular nature of AMLYZE’s platform is well-suited to support centralized financial organizations serving regional client bases.
Founded in 2019 and commercially launched late in 2022, AMLYZE offers Software-as-a-Service (SaaS) compliance tools tailored for the financial services sector. The company was developed by a team with extensive experience in regulatory supervision and collaboration with law enforcement.
Beyond its core platform, AMLYZE recently introduced AMLTRIX—a framework designed to help financial institutions standardize their methods of detecting and addressing financial crimes. This initiative is aimed at promoting a more unified approach to compliance across different jurisdictions.