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Consulting & Advisory

As global governance and compliance experts, Lysis Advisory has an extensive track record of helping firms to successfully achieve and maintain regulatory permissions and compliance by focusing on providing consulting services across the governance and compliance landscape with the dual objectives of reducing the short and long-term costs linked to compliance whilst ensuring regulatory requirements are met.

Our Consultancy & Advisory services include:

Governance and Compliance

Design and implementation of governance and compliance frameworks, regulatory liaison, Senior Managers and Certification Regime (UK) and related regimes

Regulatory Permissions

Supporting firms to acquire their regulatory permissions

Financial Crime Compliance (FCC)

Creating and implementing FCC frameworks, risk rating methodologies, policies, procedures and controls

CLM Consulting

CLM target operating models, systems selection and implementation, data source selection and implementation, CLM process efficiency

Client Data Management

Client data integration, single source creation, clean-up of client and related regulatory data

SERVICE CAPABILITIES

Financial Crime Compliance

All firms must review their AML and broader FC programmes on a regular basis to ensure that their programme conforms to current regulatory requirements and is fit for purpose. With increasingly sophisticated criminals and ever changing legislation, all firms should be vigilant in identifying and protecting themselves against potential financial crime activities.

75+

clients we have assisted with their Financial Crime Compliance activities

18+ years

average industry experience per expert

SERVICE CAPABILITIES

Client Lifecycle Management (CLM)

Lysis’ CLM consulting services include Target Operating Model (TOM) definition, systems and data source selection and implementation and CLM process efficiency improvements.We also have the necessary skills and experience to assist your firm to compile, review and optimise FC controls across the entire CLM process since we focus on the overall chain of client activities. The objective is to encourage retention, improve customer experiences, and maximise profitability for the firm while remaining fully compliant.

SERVICE CAPABILITies

Regulatory Permissions

We assist firms to obtain the required regulatory permissions to conduct regulated activities. We can write or advise on governance and compliance frameworks and documentation and assist firms in implementing them and demonstrating that they are embedded and that controls are working. We can also assist with the structuring and evidencing of effective governance arrangements and support the regulator-liaison journey throughout the process.

LEADING EXPERTISE

Helping you to remain compliant, efficiently

We have an extensive track record of helping firms to successfully achieve and maintain FC compliance

Health Checks

A health check refers to a high-level review of the design of a framework and can identify major problem areas which require remediation

Maturity Assessments

A maturity assessment is more advanced and provides a detailed review of a firm’s framework which includes the testing of the effectiveness of the framework itself including the related controls.

CLM Efficiency Improvement

We can assist firms to assess the efficiency of their CLM operating model and processes and embark on a programme of realignment followed by transformation and optimisation.  The method focusses on people, process and technology over a 2-3 year timeline.  We have seen efficiency gains in excess of 55%.

Governance

Lysis has extensive experience of conducting governance reviews and assisting firms to improve the structure and documentation of their governance arrangements.  We have also helped multiple firms with the Senior Managers and Certification Regime (SMCR) in the UK and advised on the Senior Executive Accountability Regime (SEAR) in Ireland.

Risk Rating Methodologies and Compliance Policies & Procedures

We have the necessary experience to advice firms regarding the design of effective risk rating methodologies, policies and the writing of supporting procedures to ensure compliance and operational efficiency, in line with the strategic business objectives.

Effectiveness of FC Controls

To optimise firms’ FC controls, requires an increase in effectiveness of processes along with a dedicated focus on high efficiency which will facilitate sustainable processes to develop and embed effective FC controls. Lysis has great experience in designing, implementing, testing and proving control frameworks.

Regulator Section 166 Reviews and Remediations

We understand the challenges during each step of a Section 166 review in the UK and similar reviews in other jurisdictions.  We can support our clients with an experienced team of highly skilled individuals who understand the scope of the review and the reviewer’s and regulator’s expectations.  We can support our clients to maximise the effectiveness of their responses to the reviewer.  Unfocussed responses often lead to an excessively negative audit report and higher than necessary regulatory sanction. Our expertise also includes thorough preparations for regulatory visits. Finally if a regulatory visit or Section 166 review leads to a significant remediation programme we have experience of planning and executing remediation programmes across the full governance, risk and compliance arena.

Smart Regulatory Technology Choices

We assist firms in selecting the right Regulatory Technology (RegTech) that is aligned with their bespoke operational requirements because we know first-hand that, over time, firms develop both generic and unique operating characteristics.

LEADING ExPERTISE

Case Studies

We have worked with firms like yours

Browse all Case Studies

Providing an AML and Governance Framework

A large U.S. based end-to-end human resources management firm and Lysis delivered a solution for the newly established UK/EU subsidiary which forms part of the SEC regulated entity.
Industry
Payment Services & Card / Merchant Acquirers

Crypto Asset Support by providing a Money Laundering Reporting Officer (MLRO)

A crypto asset custodian based in the U.K. with global reach approached Lysis with the request to assist them with the process to obtain registration from the FCA which would enable them to operate in the UK market as a crypto asset business. Due to the holding company’s strong global footprint, part of the FCA requirements for registration included the need for a UK based money laundering reporting officer (MLRO).
Industry

A crypto asset business obtains registration with the Financial Conduct Authority

A crypto asset business, a subsidiary of a US Nasdaq-listed company requested assistance with the process to obtain FCA registration. Lysis provided the client with a highly experienced MLRO and compliance team who worked with senior management to implement required controls and processes. The client was successful in obtaining FCA registration.
Industry
Digital Assets

Governance, Risk and Compliance (GRC) Section 166 Remediation Programme

A major global FTSE-100 financial services firm had one month to shape, scope and plan a 60-project programme of work in response to a Section 166 Skilled Persons Report requested by the Financial Conduct Authority (FCA). The firm also had to deliver all 60 projects over a twelve-month period with sub-deliveries due each month.
Industry
Corporate, Wholesale and Investment Bank

AML Framework Review for a Global Card Services Operator and Merchant Acquirer

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.
Industry
Payment Services & Card / Merchant Acquirers

Global Banking Secrecy and Data Security

A major bank with two major trsing entities wished to decrease time-to-trade processing overheads for new customers or new products for existing customers.
Industry
Corporate, Wholesale and Investment Bank

Delivering an Effective KYC Process

An international payment company with offices in major European hubs outsourced KYC service provision was unsatisfactory. A significantly enhanced and more effective capability was developed by Lysis.
Industry
Payment Services & Card / Merchant Acquirers

Client Monies Safeguarding Review and Remediation

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.
Industry
Payment Services & Card / Merchant Acquirers

AML Health Check

A London based financial institution with global reach had Lysis preform an AML Health Check.
Industry
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