A London based financial institution with global reach had Lysis preform an AML Health Check.
Crypto & Digital Assets
A London based financial institution with global reach.
Lysis deployed a team of AML and regulatory specialists to carry-out a review of the firm’s governance framework relating to AML. They also reviewed all policies and procedures relating to AML, ABC and sanctions and reviewed and tested all operational processes and systems relating to AML including KYC and transaction monitoring. In addition, Lysis interviewed all key staff from executive management to operational staff in order to establish the level of understanding and cultural awareness around AML and compliance. They further tested the Three Lines of Defence model in the firm to review its effectiveness.
Lysis deployed a team of AML and regulatory specialists to carry-out a review of the firm’s governance framework relating to AML. They also reviewed all policies and procedures relating to AML, ABC and sanctions and reviewed and tested all operational processes and systems relating to AML including KYC and transaction monitoring.In addition, Lysis interviewed all key staff from executive management to operational staff in order to establish the level of understanding and cultural awareness around AML and compliance. They further tested the Three Lines of Defence model in the firm to review its effectiveness.
Lysis met and exceeded the client’s expectations and provided the client a comprehensive understanding of the risks within their business and offered practical advice on how to mitigate these risks by having proportionate controls in place. Lysis also provided the client with robust policies and procedures that were based on best practice, to enable the client to conduct business in a regulated environment and stand them in good stead for future growth. As a result of the quality of work, Lysis was appointed as the “Partner of Choice” to support the client with all financial crime related challenges, throughout the period of growth and rapid transformation.
Lysis reviewed the exchange’s AML/CTF framework which resulted to a successful maturity assessment review.
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 train some experienced operational staff in AML
