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 implemented a new transaction monitoring system and wished to ensure that the previous two years' transactions had been monitored effectively.
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.
A European Retail Bank with over 4000 employees globally had a tight regulatory deadline to review five years of transactions to identify suspicious transaction and cases of money laundering and/or terrorist funding.
