MLRO Support for a Crypto Asset Exchange

A UK domiciled crypto exchange with global reach had a regulatory requirement for crypto Money Laundering Reporting Officer (MLRO) support.

Division
Innovation, Authorisations & Banking Solutions
Industry

Crypto/ Digital Assets

Service-line

Governance & Compliance Framework/ Section 166/ SMCR

The Client

A UK domiciled crypto exchange with global reach.

The Challenge

A regulatory requirement to have expert crypto Money Laundering Reporting Officer (MLRO) support.

The Solution

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.

Results

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.

Ready to chat about how we can help you?
Get in touch today!
Get in Touch
Other Case Studies
Browse Case Studies
Consulting & Advisory
Global Know Your Customer (KYC) Policies and Procedures
Corporate, Wholesale and Investment Banking

A global bank, following a substantial cross-boarder banking merger, had two separate KYC/AML firms, policies, & IT infrastructures and need help with the harmonisation process.

Operations & Resourcing
Compliance Operation for an Online Gaming Licensing Authority
Gaming Compliance

Our client was setting up a new online gaming licensing authority and sought a partner to on-board licensees and to manage the on-going governance and compliance operation.

Operations & Resourcing
Suspicious Activity Reporting backlog for a Global Gaming Operator
Gaming Compliance

Our client had a large backlog of increasingly old transaction alerts that potential indicated suspicious activity and required reporting.