AML Framework Uplift for a UK Payment Services Provider

Our client had been advised that their AML provisions were not up to the required standard and wished to remedy this before regulatory sanctions were imposed.

Division
Consulting & Advisory
Industry

Payment Services & Card/ Merchant Acquirers

Service-line

The Client

UK Payment Services Provider

The Challenge

Our client had been advised that their AML provisions were not up to the required standard and wished to remedy this before regulatory sanctions were imposed.

The Solution

Lysis provided a team of compliance experts to review the AML framework, governance and operating model and to provide a report summarizing the strengths and weaknesses found. The report also included recommendations to fix areas that were considered below par. The board of the firm accepted the report and Lysis was then asked to draft enhanced AML framework documents, policies and procedures.

Results
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