Our client had been advised that their AML provisions were not up to the required standard and wished to remedy this before regulatory sanctions were imposed.
Payment Services & Card/ Merchant Acquirers
UK Payment Services Provider
Our client had been advised that their AML provisions were not up to the required standard and wished to remedy this before regulatory sanctions were imposed.
Lysis provided a team of compliance experts to review the AML framework, governance and operating model and to provide a report summarizing the strengths and weaknesses found. The report also included recommendations to fix areas that were considered below par. The board of the firm accepted the report and Lysis was then asked to draft enhanced AML framework documents, policies and procedures.
A major European wholesale and investment bank with global reach was put under a Section 166 order due to regulatory concerns regarding their KYC and AML controls.
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.
A newly established digital bank required full regulatory permissions to operate as a licensed bank in the UK and to ensure compliance with EU PSD2 regulations.
