A major credit card company and regulated PSP with global reach approached Lysis to uplift their transaction monitoring framework and operational controls.
Payment Services & Card/ Merchant Acquirers
Transaction Monitoring Framework
A requirement to have an effective transaction monitoring framework, operational controls, and processing to manage and monitor payments across Europe.
Lysis delivered a fully effective and complete compliant transaction monitoring programme based on industry leading AI technology and managed specialised personnel.
Our client had been advised that their AML provisions were not up to the required standard and wished to remedy this before regulatory sanctions were imposed.
A London based financial institution with global reach asked Lysis to perform a review of their AML governance framework.
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.
