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 a requirement to review and update its AML Framework to take account of the Fifth Money Laundering Directive and also some changes in its business model.
Our client was applying for Payment Services permissions from the Central Bank of Ireland and required support in defining and documenting the Governance and Compliance framework.
A prominent security services firm that forms part of a French multinational investment bank and financial services company asked Lysis to assist with the securities/back-office function within the multinational investment bank.
