Our client was setting up a new gaming licensing and taxation authority for a national government and sought external support to develop its Compliance and AML Framework.
Gaming Compliance
A National Gaming Licensing and Taxation Authority
Our client was working with a national government to set up a new gaming licensing and taxation authority and sought external support to develop a Compliance and AML Framework suitable for assessing applicants for gaming/gambling licenses and on-boarding successful applicants.
Lysis worked with our client to define an appropriate risk management approach for the potential licensees and then developed and documented a Compliance and AML Controls Framework to deliver the risk model and support the on-boarding and on-going monitoring of successful applicants.
Lysis enabled a major US crypto exchange to achieve UK FCA registration through full regulatory transformation, governance design, and compliance support.
Although the client is based in the US, they have European subsidiaries which include the UK and therefore required Financial Conduct Authority (FCA) registration. In order to obtain registration as a crypto asset firm in the U.K. they had to comply with specific FCA requirements.
Our client wished to ensure that it had all UK regulatory requirements covered by policy, procedures and controls.
