Our client was in the middle of an extensive regulatory remediation for the Central Bank of Ireland and the remediation.
Payment Services & Card/ Merchant Acquirers
Irish Payment Services Provider
Our client was in the middle of an extensive regulatory remediation for the Central Bank of Ireland. They asked Lysis to provide a highly experienced AML SME to provide input to an Enterprise Wide Risk Assessment (EWRA) and to lead development of a new Customer Risk Rating Methodology (CRRM).
Lysis personnel mapped the firm's business model to Irish regulation to ensure that all relevant regulations were covered and then provided input to the EWRA. We also lead the development of a revised CRRM.
Our client wished to gain an ACPR Payment Institution license in France and asked for Lysis' 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.
A Norway-based crypto broker registered with the Norwegian Financial Authorities. The client had rapidly scaled its operations to meet growing demand in the crypto sector but faced increasing regulatory scrutiny from both national and European regulators.
