Our client was setting up a new online gaming licensing authority and sought a partner to advise on compliance requirements and develop its Governance and Compliance Framework.
Gaming & Gambling
An Online Gaming Licensing Authority
Our client was setting up a new online gaming licensing authority and sought a partner to advise on regulatory and compliance requirements and develop its Governance and Compliance Framework.
Lysis worked with our client to define an appropriate risk management approach for the potential licensees and then developed and implemented a Governance and Compliance Framework to deliver the risk model. We also provided input to new governing legislation that set up the authority and drafted the operating code of conduct.
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.
A major bank with two major trading entities wished to decrease time-to-trade processing overheads for new customers and for new products for existing customers.
A major European wholesale and investment bank with global reach was put under a Section 166 order due to regulatory concerns regarding their KYC and AML controls.
