Our client had implemented a new transaction monitoring system and wished to ensure that the previous two years' transactions had been monitored effectively.
Payment Services & Card/ Merchant Acquirers
Global Merchant Acquirer
Our client had implemented a new transaction monitoring system and wished to ensure that the previous two years' transactions had been monitored effectively.
Lysis provided a managed team of transaction monitoring specialists to re-assess back-book of the transactions and provide assurance that there were no sanction issues or suspicious activity.
Lysis reviewed the exchange’s AML/CTF framework which resulted to a successful maturity assessment review.
Following a review from the Financial Conduct Authority (FCA) in 2021, and a subsequent letter from the regulator, the client had to address a number of gaps that were identified by the regulator.
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.
