Suspicious Activity Reporting backlog for an Irish Payment Services Provider

Our client had a substantial backlog of transaction alerts. They were concerned that these included a number of true positives that therefore indicated suspicious activity and required reporting.

Division
Operations & Resourcing
Industry

Payment Services & Card/ Merchant Acquirers

Service-line

The Client

Irish Payment Services Provider

The Challenge

Our client had a substantial backlog of transaction alerts. They were concerned that these included a number of true positives that therefore indicated suspicious activity and required reporting.

The Solution

Lysis provided a team of Compliance SMEs to review the backlog of alerts, discount those that were not suspicious and raise Suspicious Transaction Reports to the country's Financial Intelligence Unit (FIU) for those that were suspicious.

Results
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