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.
Corporate, Wholesale and Investment Banking
Financial Crime Framework Review and Enhancement
Lysis conducted an end-to-end review and enhancement of the client's AML Governance Framework. Furthermore, Lysis redrafted their entire AML policies and procedures covering KYC, Trade Finance, Transaction Monitoring, Treasury Services, Sanctions and Retail. We also established and chaired board level committees and conducted an end-to-end review and enhancement of the retail division of the firm. Lysis managed a team of analyst to review all existing clients and established a new KYC Targeting Operating Model.
Following a review from the Financial Conduct Authority (FCA) in 2021, and a subsequent letter from the regulator, the client had to address a number of gaps that were identified by the regulator.
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.
One of the largest US-based Tech commercial banks needed to build out their offshore capabilities in support of their London operation. This included candidate selection, AML/KYC training, coaching on early cases and then QA of their work. This produced a team of fully trained KYC analysts and a newly established offshore capability.
