Our client had acquired a business from a competitor and had c.50-60 Payment Programme Managers and their programmes to on-board. They asked Lysis to supply a team of experts to do this work.
Payment Services & Card/ Merchant Acquirers
UK Payment Services Provider
Our client had acquired a business from a competitor and had c.50-60 Payment Programme Managers and their programmes to on-board. They asked Lysis to supply a team of experts to do this work.
Lysis provided a compliance officer and a team of senior AML Analysts to review and on-board the Programme Managers. This involved Enhanced Due Dilgence on the Programme Managers and full review of the AML framework, governance and operating models of the Programme Managers to ensure that their programme customers could be on-boarded without putting our client at risk of breaching AML rules.
A major European wholesale and investment bank with global reach asked for help meeting customer classification requirements.
A crypto asset custodian based in the U.K. with global reach approached Lysis with the request to assist them with the process to obtain registration from the FCA which would enable them to operate in the UK market as a crypto asset business. Due to the holding company’s strong global footprint, part of the FCA requirements for registration included the need for a UK based money laundering reporting officer (MLRO).
Our client had a large backlog of increasingly old transaction alerts that potential indicated suspicious activity and required reporting.
