The International Compliance Association (ICA), a leading professional body for the global regulatory and financial crime compliance community, announced a partnership with Kazimieras Simonavičius University (KSU) in Lithuania to offer the ICA’s full suite of professional qualifications, including courses in anti-money laundering (AML), financial crime prevention, and customer due diligence.
Lithuania has recently embarked on an effort to raise AML standards after being one of the countries at the center of money laundering scandals by multiple Nordic banks. The push includes plans to establish an AML competence center supported by the Central Bank of Lithuania and commercial banks. The ICA-KSU partnership helps reinforce these 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 behavior they need to mitigate and detect financial crime risk more effectively, combining global best practice, case studies, and practical skills.
“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,” ICA President Bill Howarth said in a press release. “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.”
The International Compliance Association is a sister company to Compliance Week. Both organizations are under the umbrella of Wilmington plc.