Compliance Operation for 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.

Division
Operations & Resourcing
Industry

Gaming Compliance

Service-line

The Client

An Online Gaming Licensing Authority

The Challenge

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.

The Solution

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.

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
AML Health Check
Crypto & Digital Assets

A London based financial institution with global reach had Lysis preform an AML Health Check.

Consulting & Advisory
Seamless KYC & AML Systems Integration for a Leading Specialist Bank
Retail & SME Banking

Seamless KYC & AML Systems Integration for a Leading Specialist Bank

Consulting & Advisory
KYC Remediation: Section 166 order for a major wholesale and investment bank
Corporate, Wholesale and Investment Banking

A major wholesale and investment bank with global reach was placed under a Section 166 order regarding their KYC and AML controls.