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.
Payment Services & Card/ Merchant Acquirers
Global Card Services Operator and Merchant Acquirer
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.
Lysis conducted a review of the firm's AML Governance and Compliance capabilities and then authored changes to the framework and policy and procedure documents in order to ensure they met the new requirements and were fit for purpose for the evolving business model. We then worked with the firm to embed the new processes and controls including setting up a new European Risk Committee and defining its membership and terms of reference.
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.
Our client was setting up a new online gaming licensing authority and sought a partner to on-board licensees and to manage the on-going governance and compliance operation.
A London based financial institution with global reach asked Lysis to perform a review of their AML governance framework.
