A major global bank needing a data clean-up post banking system implementation
Corporate, Wholesale and Investment Banking
KYC Remediation
A major global bank
The firm had implemented the Fenergo banking system which led to a data clean-up requirement and the opportunity was also taken to upgrade 10,000s of KYC files on financial institutions, corporates and market counterparties.
Lysis worked with the bank’s AML compliance and AML operations teams to provide the following services:
A major bank with two major trading entities wished to decrease time-to-trade processing overheads for new customers and for new products for existing customers.
Our client had a large backlog of increasingly old transaction alerts that potential indicated suspicious activity and required reporting.
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).
