Case Studies

Our client wished to gain an ACPR Payment Institution license in France and asked for Lysis's assistance to prepare all the documents and for general support during the application process.

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.

Our client was applying for Payment Services permissions from the Central Bank of Ireland and required support in defining and documenting the Governance and Compliance framework.

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.

Our client was in the middle of an extensive regulatory remediation for the Central Bank of Ireland and the remediation.

Our client had acquired a business from a competitor and had c.50-60 Payment Programme Managers and their programmes to on-board. They asked Lysis to supply a team of experts to do this work.

The incoming Head of Compliance at our customer identified that Client Monies were not being managed as per regulation and this therefore required an immediate remediation.

Our client had a new executive-level Money Laundering Reporting Officer (MLRO) and some new board members. Our client asked Lysis to run an AML Masterclass for UK AML Regulations.

Our client wished to ensure that it had all UK regulatory requirements covered by policy, procedures and controls.

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.

Our client was setting up a new online gaming licensing authority and sought a partner to on-board licensees and to manage the on-going governance and compliance operation.

One of our client's banks has flagged areas of our client's Ant-Money Laundering (AML) Governance and Compliance operation as a potential cause for concern. Our client asked Lysis to perform an independent review for them to establish if anything was genuinely wrong.

Our client had a requirement to train some experienced operational staff in AML

Our client was setting up a new gaming licensing and taxation authority and sought external support to develop its Governance and Compliance Framework.

Our client was setting up a new online gaming licensing authority and sought a partner to advise on compliance requirements and develop its Governance and Compliance Framework.

Our client wished to outsource the Client On-Boarding and AML Operations for its merchant acquiring business in Europe, replacing their current major global outsourcing partner.

Our client was looking at options for the location of new Level 2 teams to support retail customers with affordability and suitability issues.

Our client had identified a tranche of several thousand corporate and retail customers for which they wished to remediate the Know Your Customer (KYC) data held and to re-assess whether the interactions with the retail customers were compatible with Responsible Gambling requirements.

Our client had a large backlog of increasingly old transaction alerts that potential indicated suspicious activity and required reporting.