As global governance and compliance experts, Lysis Advisory has an extensive track record of helping firms to successfully achieve and maintain regulatory permissions and compliance by focusing on providing consulting services across the governance and compliance landscape with the dual objectives of reducing the short and long-term costs linked to compliance whilst ensuring regulatory requirements are met.
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Helping firms to work successfully with regulators and to achieve/ maintain efficient and effective Regulatory and anti-Financial Crime Compliance
All firms should be vigilant in identifying and protecting themselves against potential money laundering activities.
Explore serviceAssisting firms to determine their exact level of compliance and to identify the various controls to reach a level of realignment
Explore serviceImplementing the CLM Efficiency model could help you achieve total savings of 58% in their third years
Explore serviceDesigning effective policies and supporting the writing of procedures to ensure compliance and operational efficiency
Explore serviceSeamless operational, systems, and data integration for mergers and acquisitions (M&A).
Explore serviceA financial crime framework outlines the regulatory compliance standards that are relevant to the firm, and the required internal controls needed to comply with these standards.
Explore service
A U.K. Branch of a major Asian bank needed an in-depth review and enhancement of their AML governance framework. Lysis conducted a success review and drafted all required policies & procedures, and established a KYC Target Operating model.
A listed UK-Based subprime lender offering lower value short term loans needed to enhance, redesign, and implement a new FC framework. Lysis provided the client with a understanding of risks, practical advice on risk mitigation, & robust policies.
A major wholesale and retail bank with global reach had deficiencies it is AML governance framework and consequently with its KYC operations.
Two global banks merged and Lysis was asked to manage the integration of the KYC Operations functions globally for the wholesale & Investment Banking division covering 200,000 customers and 65 countries.
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.
A major Egyptian bank with UK operations had a requirement to identify possible AML and CTF gaps and suggested improvements.
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 crypto asset custodian based in the U.K. with global reach approached Lysis with the request to assist them with the process to obtain registration from the FCA which would enable them to operate in the UK market as a crypto asset business. Due to the holding company’s strong global footprint, part of the FCA requirements for registration included the need for a UK based money laundering reporting officer (MLRO).
Seamless KYC & AML Systems Integration for a Leading Specialist Bank
The incoming Head of Compliance at our customer identified that Client Monies were not being managed as per regulation and this therefore required an immediate remediation.
A major European wholesale and investment bank with global reach asked for help meeting customer classification requirements.
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.
A major global FTSE-100 financial services firm had one month to shape, scope and plan a 60-project programme of work in response to a Section 166 Skilled Persons Report requested by the Financial Conduct Authority (FCA). The firm also had to deliver all 60 projects over a twelve-month period with sub-deliveries due each month.
An international payment company with offices in major European hubs outsourced KYC service provision was unsatisfactory. A significantly enhanced and more effective capability was developed by Lysis.
Our client had a requirement to review and update its AML Framework to take account of the Fifth Money Laundering Directive and also some changes in its business model.
A large operator of bank infrastructure wanted to develop a shared operating model and managed service for client lifecycle management (CLM), anti-money laundering (AML) and Know Your Customer (KYC).
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 leading Contract of Differences (CFD) broker, part of a larger financial services conglomerate believed they had a market-leading CFD platform and wished to white-label to smaller brokers and potential competitors to offer to their customers.
A global bank, following a substantial cross-boarder banking merger, had two separate KYC/AML firms, policies, & IT infrastructures and need help with the harmonisation process.
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.
SERVICE CAPABILITIES
All firms must review their AML and broader FC programmes on a regular basis to ensure that their programme conforms to current regulatory requirements and is fit for purpose. With increasingly sophisticated criminals and ever changing legislation, all firms should be vigilant in identifying and protecting themselves against potential financial crime activities.
clients we have assisted with their Financial Crime Compliance activities
average industry experience per expert
SERVICE CAPABILITIES
Lysis’ CLM consulting services include Target Operating Model (TOM) definition, systems and data source selection and implementation and CLM process efficiency improvements.We also have the necessary skills and experience to assist your firm to compile, review and optimise FC controls across the entire CLM process since we focus on the overall chain of client activities. The objective is to encourage retention, improve customer experiences, and maximise profitability for the firm while remaining fully compliant.
SERVICE CAPABILITies
We assist firms to obtain the required regulatory permissions to conduct regulated activities. We can write or advise on governance and compliance frameworks and documentation and assist firms in implementing them and demonstrating that they are embedded and that controls are working. We can also assist with the structuring and evidencing of effective governance arrangements and support the regulator-liaison journey throughout the process.
LEADING EXPERTISE
We have an extensive track record of helping firms to successfully achieve and maintain FC compliance
Lysis has extensive experience of conducting governance reviews and assisting firms to improve the structure and documentation of their governance arrangements. We have also helped multiple firms with the Senior Managers and Certification Regime (SMCR) in the UK and advised on the Senior Executive Accountability Regime (SEAR) in Ireland.
We have the necessary experience to advice firms regarding the design of effective risk rating methodologies, policies and the writing of supporting procedures to ensure compliance and operational efficiency, in line with the strategic business objectives.
We understand the challenges during each step of a Section 166 review in the UK and similar reviews in other jurisdictions. We can support our clients with an experienced team of highly skilled individuals who understand the scope of the review and the reviewer’s and regulator’s expectations. We can support our clients to maximise the effectiveness of their responses to the reviewer. Unfocussed responses often lead to an excessively negative audit report and higher than necessary regulatory sanction. Our expertise also includes thorough preparations for regulatory visits. Finally if a regulatory visit or Section 166 review leads to a significant remediation programme we have experience of planning and executing remediation programmes across the full governance, risk and compliance arena.
We assist firms in selecting the right Regulatory Technology (RegTech) that is aligned with their bespoke operational requirements because we know first-hand that, over time, firms develop both generic and unique operating characteristics.
