Operations & Resourcing

-

Corporate, Wholesale and Investment Bank

KYC Remediation for a UK and US corporate bank

A significant UK and US corporate bank with questions around the quality of the firm’s AML capabilities and customer files

Download Case Study
The Client

A significant UK and US corporate bank

The Challenge

The bank had grown rapidly and an audit in late 2020 raised questions about the quality of the firm’s AML capabilities and customer files.

The Solution

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

  • Mobilised 30 KYC Subject MatterExperts (SMEs) and embedded an operational and management structure to work according to the client’s demands.
  • Remediated 10,000s of high and medium risk UK corporate KYC files including ownership, re-screening for sanctions, Politically Exposed Persons (PEP’s) and adverse media and enhanced due diligence as needed.
  • Lysis managed the pipeline and volume/throughput and was responsible for quality management, process improvement and metrics/MI.
  • Detailed Management Information(MI) and progress reporting was provided on a regular basis.
  • Lysis also contributed to process improvement and trained a bank team in India.
Results
Ready to chat about how we can help you?
Get in touch today!
Get in Touch
More Case Studies
Browse Case Studies

CLM Systems Selection and Implementation

A global wholesale bank wished to select and implement a strategic, scalable, flexible client lifecycle management application that would be able to support the customer assessment requirements of its KYC and MiFID programmes as part of its Compliance framework.
Service
Consulting & Advisory
Industry
Corporate, Wholesale and Investment Bank

Location Strategy for Level 2 Teams for a Global Gaming Operator

Our client was looking at options for the location of new Level 2 teams to support retail customers with affordability and suitability issues.
Service
Consulting & Advisory
Industry
Gaming & Gambling

Delivering bespoke Crypto Asset related Financial Crime training

A UK-based Crypto custodian with a global reach need to meet a regulatory requirement for all personnel to undergo specific training successfully delivered by Lysis.
Service
Training & Certification
Industry
Digital Assets