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.
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.
A major bank with two major trading entities wished to decrease time-to-trade processing overheads for new customers and for new products for existing customers.
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.
