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.
A London based financial institution with global reach asked Lysis to perform a review of their AML governance framework.
One of the largest US-based Tech commercial banks needed to build out their offshore capabilities in support of their London operation. This included candidate selection, AML/KYC training, coaching on early cases and then QA of their work. This produced a team of fully trained KYC analysts and a newly established offshore capability.
Our client was setting up a new online gaming licensing authority and sought a partner to advise on compliance requirements and develop its Governance and Compliance Framework.
