In the loop with Lysis

According to reputable sources, Signature bank, a New York-based full-service commercial bank was recently seized by regulators and was apparently being investigated by US prosecutors prior to the closure of the bank.

The Lysis Group has been operating in the Financial Crime Compliance (FCC) and Client Lifecycle Management (CLM) space for more than 20 years.

All firms must review their anti-money laundering (AML) and broader financial crime (FC) programmes on a regular basis to ensure that it is fit for purpose. Since 2001, Lysis Group has established itself as a global leader in the field of Financial Crime Compliance (FCC) and Client Lifecycle Management (CLM) with an extensive track record of helping firms to successfully achieve and maintain financial crime compliance with the distinct objective of reducing the short-and long-term costs linked to compliance. Therefore, our comprehensive service offerings can support financial services firms including wholesale and investment banks, payment services and cards, wealth managers, challenger banks and firms from a range of other regulated industries, plus crypto asset firms.

ESG regulations and the implementation thereof in Ireland is primarily governed by the European Union (“EU”) framework.

There are many factors that contribute to the rising cost of Financial Crime Compliance (FCC) including the limitations placed on the privacy of data, the growing complexity of compliance itself and the large chunk of labour costs linked to this. This could explain why sustainability is emerging as a key objective for firms in their quest to achieve FCC while trying to manage the spiralling costs linked to this.

International financial crime watchdog the Financial Action Task Force (FATF) announced on 24 February 2023 that South Africa was added to its so-called "grey list" ...

Environmental, Social & Governance (“ESG”) has become an important part of business decisions, corporate finance, and business strategies over the last few years. The influence of ESG in business practices is becoming ever-more prevalent and the importance of considering each element of E-S-G is becoming increasingly clear. Over the coming years, national and international legislation is set to include more ESG-related aspects which means that there will be increased scrutiny placed on the ESG practices of firms.

The ROE requires any anonymous foreign buyers of UK property to disclose the beneficial ownership of the property to Companies House.

The CEO of Lysis Group, Jon Sweet was invited to take part in the virtual debate which took place yesterday...