One of our client's banks has flagged areas of our client's Ant-Money Laundering (AML) Governance and Compliance operation as a potential cause for concern. Our client asked Lysis to perform an independent review for them to establish if anything was genuinely wrong.
Payment Services & Card/ Merchant Acquirers
Global Card Services Operator and Merchant Acquirer
One of our client's banks flagged areas of our client's Anti-Money Laundering (AML) Governance and Compliance operation as a potential cause for concern. There was a danger our client would be de-banked. Our client asked Lysis to perform an independent review for them to establish if anything was genuinely wrong, including discussing the issues with the bank in question to determine precisely what their concerns were.
Lysis conducted a review of the firm's AML Governance and Compliance capabilities and authored a report of recommendations which was presented to the European board.
The recommendations included:
Our client then asked Lysis to work with them to implement the changes above, including liaising with the bank to make sure they were happy with the new arrangements. Lysis was also asked to take over the transaction monitoring operation on an on-going basis.
A London based financial institution with global reach asked Lysis to perform a review of their AML governance framework.
The client is incorporated in Ireland as an Irish Collective Asset-management Vehicle (ICAV). The client is an American investment fund which specialises in lending large amounts of money to various entities ranging from listed entities to unregulated entities based in the USA.
A UK domiciled crypto exchange with global reach had a regulatory requirement for crypto Money Laundering Reporting Officer (MLRO) support.
