A U.K. Branch of a major Asian bank needed an in-depth review and enhancement of their AML governance framework. Lysis conducted a success review and drafted all required policies & procedures, and established a KYC Target Operating model.
Corporate, Wholesale and Investment Banking
KYC Remediation
The client needed an in-depth review and enhancement of their AML governance framework.
Lysis conducted an end-to-end review and enhancement of the client's AML Governance Framework. Furthermore, Lysis redrafted their entire AML policies and procedures covering KYC, Trade Finance, Transaction Monitoring, Treasury Services, Sanctions and Retail. We also established and chaired board level committees and conducted an end-to-end review and enhancement of the retail division of the firm. Lysis managed a team of analyst to review all existing clients and established a new KYC Targeting Operating Model.
Lysis successfully reviewed the firm's AML governance framework and drafted all required AML policies and procedures and finally established an effective KYC Targeting Operating model.
Our client had identified a tranche of several thousand corporate and retail customers for which they wished to remediate the Know Your Customer (KYC) data held and to re-assess whether the interactions with the retail customers were compatible with Responsible Gambling requirements.
A newly established digital bank required full regulatory permissions to operate as a licensed bank in the UK and to ensure compliance with EU PSD2 regulations.
One of the largest US-based Tech commercial banks needed to build out their offshore capabilities in support of their London operation. This included candidate selection, AML/KYC training, coaching on early cases and then QA of their work. This produced a team of fully trained KYC analysts and a newly established offshore capability.
