ICA Partners with KSU to Offer Anti Money Laundering Education in Lithuania

17 November 2020 – The International Compliance Association (ICA), the leading professional body for the global regulatory and financial crime compliance community, has partnered with the Kazimieras Simonavičius University (KSU) in Lithuania to offer ICA’s full suite of professional qualifications, including courses in anti money laundering (AML), financial crime prevention, and customer due diligence among others.


Lithuania was one of the countries at the centre of the Nordic banks’ money laundering case[1], and has recently embarked on an effort to raise AML standards, including plans to establish an anti money laundering competence center supported by the Central Bank of Lithuania and commercial banks. The ICA-KSU partnership arrives just at the right time, helping to reinforce government efforts to combat money laundering and raise compliance standards in line with global best practice.


Undertaken by over 150,000 professionals globally, ICA qualifications are designed to equip industry professionals with the knowledge, skills and behaviour they need to mitigate and detect financial crime risk more effectively, combining global best practice, case studies, and practical skills. This new partnership will allow compliance and AML professionals at all levels in Lithuania to join this growing community of changemakers.


ICA President Bill Howarth commented: ‘We’re pleased to partner with KSU and combine ICA’s nearly two decades of experience delivering high quality compliance and financial crime prevention education globally with KSU’s established reputation in the region, great professionalism and strong commitment to innovation and excellence. I look forward to working closely together to develop best practice risk management and equip individuals, government institutions and firms with the right knowledge and skills they need to combat financial crime in Lithuania.’


KSU Chancellor Darius Verbyla commented: ‘With ever-tightening compliance, and in particular anti-money laundering regulations, and changing attitudes towards these crimes, many companies must constantly train and retrain their staff. We are very pleased to be able to provide much-needed compliance training of the highest quality to the Lithuanian financial sector in cooperation with ICA. KSU will offer  all range of ICA courses, from introductory level to diploma level courses on anti-money laundering (AML), financial crime prevention, governance, risk and compliance topics so there is something for everyone.


To view the full suite of qualifications, visit: https://www.int-comp.org/course-finder/


[1] Risk Screen, ‘Lithuania plans to establish anti-money laundering competence center’ Last Accessed 16.11.2020 Link