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.
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.
Lysis provided project management, senior & junior BA and domain expert expertise for a Fen-E to Fen-X Fenergo migration. Our team worked with client stakeholders.
A major wholesale and investment bank with global reach was placed under a Section 166 order regarding their KYC and AML controls.
