"As part of its ongoing global expansion, the company expects to build a team in Vilnius of around 50 employees in the next few years," the government's foreign investment promotion agency said in a press release.
AML Analytics CEO Justin Holder says it was Lithuania's "well-developed IT ecosystem, buoyed by its skilled and ambitious professionals, that sealed AML Analytics’ decision to choose Lithuania as the location of their new IT office", it said.
The Vilnius team will focus on the development of Transaction Monitoring Validation (TMV) and Red Flag Testing solutions for financial institutions worldwide.
Founded in 2010, AML Analytics is "responsible for developing sophisticated approaches to testing and validating regulatory and supervisory financial crime technologies", according to the press release.