Our client was setting up a new online gaming licensing authority and sought a partner to on-board licensees and to manage the on-going governance and compliance operation.
Gaming Compliance
An Online Gaming Licensing Authority
Our client was setting up a new online gaming licensing authority and sought a partner to on-board licensees and to manage the on-going governance and compliance operation.
Lysis defined the compliance framework (view case study) and set up the operation including on-boarding and compliance specialists across first, second and third lines of defence. We also worked with technology partners to establish the operating framework and system support for the licensing body. We are now reviewing, and if successful on-boarding, an extensive book of elevated risk licensees including running a full AML enhanced due diligence process as well as examining their general gaming (e.g. responsible gambling) and technical (e.g. game certification) compliance. We are also running the on-going operation including regulatory reporting and continuous monitoring of the licensees in terms of their regulatory and technical compliance.
Lysis Group delivered a tailored, regulator-ready EWRA for a leading payments firm, enhancing risk visibility, governance, and compliance readiness.
A major wholesale and retail bank with global reach had deficiencies it is AML governance framework and consequently with its KYC operations.
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.
