A new to market crypto asset business domiciled in Ireland received a regulatory requirement from the Central Bank of Ireland to design and embed a financial crime, AML/CTF, governance framework.
Crypto/ Digital Assets
A new to market crypto asset business domiciled in Ireland.
A regulatory requirement from the Central Bank of Ireland to design and embed a financial crime, AML/CTF, governance framework.
Lysis worked closely with the client to design an AML/CTF framework which would enable registration with the Central Bank of Ireland as a crypto asset business which included the drafting of a crypto related financial crime risk appetite statement, bespoke AML/CTF policies and procedures, the design of a financial crime risk committee terms of reference and the documentation of the Money Laundering reporting Officer (MLRO) roles and responsibilities for crypto asset risk management.
Lysis successfully designed a financial crime governance framework that will enable the client to register successfully with the Central Bank of Ireland as a schedule two regulated crypto asset firm.
A European investment bank had a surge in hits from screening and on-going monitoring in relation to PEPs, sanctions and adverse media monitoring.
A major European-domiciled Cryptoasset Exchange with global reach required a gap analysis to identify all deficiencies in their Customer Risk Rating Model and a roadmap for improving it.
Assessment and remediation of the client monies safeguarding arrangements at a UK EMI.
