Global KYC Policies & Procedures
Lysis Financial Case Study: Global KYC Policies & Procedures. Following a cross-border bank merger, Lysis developed and implemented harmonised global minimum standard and local country uplift KYC policies and procedures to meet the requirements of the FSA, a European National Bank, the Federal Reserve and the local regulators in each of 40 core locations worldwide.
Case Study: LYSIS & NAPIER Transaction Monitoring
Lysis Operations Case Study. The challenge: A requirement to have an effective transaction monitoring framework, operational controls and processing to manage and monitor payments across Europe and to establish a solution which can adapt and iterate with the constantly-changing regulations and requirements.
In this paper, we take a closer look at the numbers relating to payments, transactions, and the world of compliance to help explain why some of the current transaction monitoring technologies and operational controls struggle to identify illicit activity. We then look at the role of technology and what future developments will bring to transaction monitoring.