AML Framework for an Irish Payment Services Provider

Our client was in the middle of an extensive regulatory remediation for the Central Bank of Ireland and the remediation.

Division
Consulting & Advisory
Industry

Payment Services & Card/ Merchant Acquirers

Service-line

The Client

Irish Payment Services Provider

The Challenge

Our client was in the middle of an extensive regulatory remediation for the Central Bank of Ireland. They asked Lysis to provide a highly experienced AML SME to provide input to an Enterprise Wide Risk Assessment (EWRA) and to lead development of a new Customer Risk Rating Methodology (CRRM).

The Solution

Lysis personnel mapped the firm's business model to Irish regulation to ensure that all relevant regulations were covered and then provided input to the EWRA. We also lead the development of a revised CRRM.

Results
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