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 leading Contract of Differences (CFD) broker, part of a larger financial services conglomerate believed they had a market-leading CFD platform and wished to white-label to smaller brokers and potential competitors to offer to their customers.
A major global bank, following a merger, had two global trading brands operating across 60+ countries globally.
A successful regulatory turnaround for a UK EMI and crypto firm, restoring FCA permissions and avoiding administration under new leadership.
