Our client wished to ensure that it had all UK regulatory requirements covered by policy, procedures and controls.
Payment Services & Card/ Merchant Acquirers
Global Card Services Operator and Merchant Acquirer
Our client wished to ensure that it had all UK regulatory requirements covered by policy, procedures and controls
Lysis reviewed the firm's business model and mapped it to UK regulations. We then mapped that to the firm's policies, processes and controls and documented evidence to demonstrate that the firm had suitable controls to meet its regulatory obligations. A small number of areas were found to be sub-standard and were remediated.
Our client had a large backlog of increasingly old transaction alerts that potential indicated suspicious activity and required reporting.
Lysis reviewed the exchange’s AML/CTF framework which resulted to a successful maturity assessment review.
Lysis enabled a major US crypto exchange to achieve UK FCA registration through full regulatory transformation, governance design, and compliance support.
