A crypto asset custodian based in the U.K. with global reach approached Lysis with the request to assist them with the process to obtain registration from the FCA which would enable them to operate in the UK market as a crypto asset business. Due to the holding company’s strong global footprint, part of the FCA requirements for registration included the need for a UK based money laundering reporting officer (MLRO).
Crypto & Digital Assets
A crypto asset custodian based in the U.K. with global reach.
A regulatory requirement to have expert crypto MLRO support.
On-going support and fulfilling the role of MLRO and the Nominated Officer. These responsibilities included being the point of escalation for all financial crime related matters, to review and take ownership of AML/CTF policies and procedures, the annual reporting and enterprise-wide risk assessment of the firm and the on-going board-level guidance on day-to-day regulatory matters.
Lysis delivered the successful risk management of AML/CTF matters for the first standalone digital asset custodian to receive approval from the UK Financial Conduct Authority (FCA) to store crypto assets.
Our client had a substantial backlog of transaction alerts. They were concerned that these included a number of true positives that therefore indicated suspicious activity and required reporting.
A Norway-based crypto broker registered with the Norwegian Financial Authorities. The client had rapidly scaled its operations to meet growing demand in the crypto sector but faced increasing regulatory scrutiny from both national and European regulators.
Efficiency improvements post-go-live at a global securities house to remove bottlenecks and restore operating efficiency after a Fenergo implementation. Lysis supported a global wholesale and investment bank during its Fenergo implementation and then worked alongside the bank to streamline the post go-live operating and processing model
