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.
Retail & SME Banking
Transaction Monitoring Remediations and Alert Backlogs
Lysis successfully identified deficiencies in the way in which the reviews of these cases had formerly been done which allowed the client to take positive remedial steps remain compliant with regulatory requirements.
A significant UK and US corporate bank with questions around the quality of the firm’s AML capabilities and customer files
Our client had a large backlog of increasingly old transaction alerts that potential indicated suspicious activity and required reporting.
Our client was in the middle of an extensive regulatory remediation for the Central Bank of Ireland and the remediation.
