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 large U.S. based end-to-end human resources management firm and Lysis delivered a solution for the newly established UK/EU subsidiary which forms part of the SEC regulated entity.
A Norway-based crypto broker registered with the Norwegian Financial Authorities. The client had rapidly scaled its operations to meet growing demand in the crypto sector but faced increasing regulatory scrutiny from both national and European regulators.
A crypto asset business, a subsidiary of a US Nasdaq-listed company requested assistance with the process to obtain FCA registration. Lysis provided the client with a highly experienced MLRO and compliance team who worked with senior management to implement required controls and processes. The client was successful in obtaining FCA registration.
