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 Compliance
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 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.
A major wholesale and investment bank with global reach was placed under a Section 166 order regarding their KYC and AML controls.
Following a review from the Financial Conduct Authority (FCA) in 2021, and a subsequent letter from the regulator, the client had to address a number of gaps that were identified by the regulator.
