A UK domiciled crypto exchange with global reach had a regulatory requirement for crypto Money Laundering Reporting Officer (MLRO) support.
Crypto & Digital Assets
Governance & Compliance Framework/ Section 166/ SMCR
A UK domiciled crypto exchange with global reach.
A regulatory requirement to have expert crypto Money Laundering Reporting Officer (MLRO) support.
Lysis provided on-going support to fulfil the role of MLRO and the nominated officer which included being the point of escalation for all financial crime related matters, reviewing and taking ownership of anti-money laundering (AML) and counter financing of terrorism (CFT) policies and procedures. Lysis also managed the annual reporting and enterprise-wide risk assessment and provided on going board-level guidance on day-to-day regulatory matters.
Lysis successfully completed the risk management of AML/CTF matters for a U.K. and ensured Financial Conduct Authority (FCA) temporary registration for a major crypto exchange.
Our client had a requirement to review and update its AML Framework to take account of the Fifth Money Laundering Directive and also some changes in its business model.
Our client had implemented a new transaction monitoring system and wished to ensure that the previous two years' transactions had been monitored effectively.
A Norway-based crypto broker registered with the Norwegian Financial Authorities. The client had rapidly scaled its operations to meet growing demand in the crypto sector but faced increasing regulatory scrutiny from both national and European regulators.
