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LCKU unites 44 credit unions and over 100 customer service locations across Lithuania, forming the LKU credit union group.
Under the signed agreement, AMLYZE has become the primary compliance technology provider for the LKU credit union group.
LKU credit union group will deploy the entire AMLYZE platform, including real-time and retrospective transaction monitoring, customer risk assessment, customer and payment screening (covering PEPs, sanctions and adverse media), and advanced AML investigations and case management.
This end-to-end coverage will help LCKU and its member unions stay ahead of evolving financial-crime threats while meeting stringent local and EU regulatory requirements.
“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,” said Gabrielius Erikas Bilkštys, CEO & Co-Founder of AMLYZE.
“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,” added Mindaugas Vijūnas, CEO and Chairman of the Board at LCKU.
