Our client was in the middle of an extensive regulatory remediation for the Central Bank of Ireland and the remediation.
Payment Services & Card/ Merchant Acquirers
Irish Payment Services Provider
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).
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.
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.
Our client had a substantial backlog of transaction alerts. They were concerned that these included a number of true positives that therefore indicated suspicious activity and required reporting.
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.
