A global wholesale and investment bank needing client on-boarding and AML Support
Corporate, Wholesale and Investment Banking
Client On-boarding and AML Managed Services
A global wholesale and investment bank
The firm was looking for a long-term partner to provide surge resourcing to deal with periodic spikes in the volume of BAU client on-boarding and refresh.
These peaks have been driven by events such as regulatory change, book transfers and the build-up of backlogs with the bank’s in house teams. Lysis has provided experienced on-shore Client Outreach and CLM/AML Analysts, QCs and ComplianceOfficers to cover surges in books of business in the UK and the EU. The team size has flexed as volumes demand, peaking at 20 resources and sometimes as low as one or two. This relationship has been running for 12+ years.
Our client had implemented a new transaction monitoring system and wished to ensure that the previous two years' transactions had been monitored effectively.
A major credit card company and regulated PSP with global reach approached Lysis to uplift their transaction monitoring framework and operational controls.
Although the client is based in the US, they have European subsidiaries which include the UK and therefore required Financial Conduct Authority (FCA) registration. In order to obtain registration as a crypto asset firm in the U.K. they had to comply with specific FCA requirements.
