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.
Gaming & Gambling
An Online Gaming Licensing Authority
Our client was setting up a new online gaming licensing authority and sought a partner to advise on regulatory and compliance requirements and develop its Governance and Compliance Framework.
Lysis worked with our client to define an appropriate risk management approach for the potential licensees and then developed and implemented a Governance and Compliance Framework to deliver the risk model. We also provided input to new governing legislation that set up the authority and drafted the operating code of conduct.
A major wholesale and investment bank with global reach was placed under a Section 166 order regarding their KYC and AML controls.
A UK-based online bank that provided multicurrency accounts for cross-border European transactions. The client wanted to enhance their customer on-boarding experiences and improve their CLM process.
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).
