Client On-Boarding and AML Operations for a Global Card Services Operator and Merchant Acquirer

Our client wished to outsource the Client On-Boarding and AML Operations for its merchant acquiring business in Europe, replacing their current major global outsourcing partner.

Division
Operations & Resourcing
Industry

Payment Services & Card/ Merchant Acquirers

Service-line

The Client

Global Card Services Operator and Merchant Acquirer

The Challenge

Our client wished to outsource the Client On-Boarding and AML Operations for its merchant acquiring business in Europe, replacing their current major global outsourcing partner.

The Solution

Lysis set up the operation including on-boarding and compliance specialists across first and second lines of defence. We also worked with technology partners to establish the operating framework and system support for our client including CLM workflow, AML rules, screening systems and data and a transaction monitoring platform. We ran the operation for five years, on-boarding all European merchants and keeping them under regulatory review, before handing the operation over to our client to run themselves.

Results
Ready to chat about how we can help you?
Get in touch today!
Get in Touch
Other Case Studies
Browse Case Studies
Consulting & Advisory
Enhancement of AML Governance Framework and KYC Remediation
Corporate, Wholesale and Investment Banking

A major wholesale and retail bank with global reach had deficiencies it is AML governance framework and consequently with its KYC operations.

Operations & Resourcing
Compliance Monitoring for an EMI
Payment Services & Card/ Merchant Acquirers

Lysis designed and implemented a compliance monitoring framework for a UK-regulated EMI. The aim of the framework was to ensure ongoing compliance with the Electronic Money Regulations 2011 (EMRs), including with the Money Laundering Regulations 2017 (MLRs).

Operations & Resourcing
Client On-boarding and AML support for a Japanese wholesale and investment
Corporate, Wholesale and Investment Banking

Recently implemented the banking system and needed additional BAU resources