Operations & Resourcing

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Corporate, Wholesale and Investment Bank

High Risk Corporate and Counterparty KYC Remediation for a Global Inter-dealer Broker

Following a visit from the regulator, a global inter-dealer broker was put under a Section 166 order.

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The Client

A global inter-dealer broker

The Challenge

Following a visit from the regulator the firm was put under a Section 166 order due to concerns across their Governance Risk and Compliance capabilities

The Solution

Lysis worked with the Group Board to structure and run a major GRC remediation programme of c.60 projects:

One project was AML remediation ofHigh Risk institutional customer and market counterparty cases.
Lysis deployed a small and highly experienced team for this work.
The service included determining ownership and then remediation of all KYC and due diligence records, screening for sanctions, Politically Exposed Persons (PEP’s) and adverse media and enhanced due diligence as needed.
Lysis managed the pipeline and volume/throughput.
Detailed Management Information(MI) and progress reporting were provided on a regular basis.

Results

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Global Banking Secrecy and Data Security

A major bank with two major trsing entities wished to decrease time-to-trade processing overheads for new customers or new products for existing customers.

Service

Consulting & Advisory

Industry

Corporate, Wholesale and Investment Bank

KYC and Responsible Gambling remediation for a Global Gaming Operator

Our client had identified a tranche of several thousand corporate and retail customers for which they wished to remediate the Know Your Customer (KYC) data held and to re-assess whether the interactions with the retail customers were compatible with Responsible Gambling requirements.

Service

Operations & Resourcing

Industry

Gaming & Gambling