Lysis worked with the bank’s AML compliance and AML operations teams to provide the following services:

• Mobilised 15KYC Subject Matter Experts (SMEs) to support BAU operations for on-boarding and refresh and for the remediation project while the bank staff focused on the new system.
• Deployed 5compliance officers in the Compliance function to QA both remediation and data clean-up.
• The service included 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 was responsible for quality management, process improvement and metrics/MI.
• In addition, Lysis trained new bank staff and also two Big 4 teams prior to a mass-remediation of low risk customers.