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 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.
Our client was in the middle of an extensive regulatory remediation for the Central Bank of Ireland and the remediation.
A major wholesale and investment bank with global reach was placed under a Section 166 order regarding their KYC and AML controls.
