Regulated financial service companies, estate agents and law firms have a legal and regulatory obligation to carry out ongoing monitoring and screening of their clients, related controlling parties and beneficial owners against domestic and international sanction, embargo and the Politically Exposed Persons (PEP) list, as well as for adverse media.
The process can be time consuming and costly, and it relies on expensive software as well as skilled personnel.
How We Can Help
Lysis has a secure AML Operations Centre based in the City of London where we provide a managed service for initial screening and ongoing monitoring requirements. The centre offers a totally secure data and personnel environment which allows us to provide cost-effective, expert analysts to carry out the daily monitoring of the controls relating to regulatory screening, protecting business from a reputational, legal and regulatory perspective.
Using an industry leading software provider, Lysis is able to screen legal entities and individuals against all global watch lists, sanction lists and PEP lists as well as for adverse media in bulk or individually.
All our staff are experienced in AML, KYC and other financial crime requirements. Our specialist staff review all potential hits and document whether there are any true or false hits.
All discounted and positive hits will go through a rigorous Quality Assurance review.
All false hits are documented with a detailed explanation recording the reason for discounting and will be reported to the client on a weekly basis (or as required). Any true hit will be forwarded to the client in an agreed format and timeline.
Screening can be carried out as often as required, including daily, weekly or monthly batch screening. All entities and individuals will be screened automatically as and when an international watch list or sanction list is updated.
For more information on our services please contact firstname.lastname@example.org