AML Health Check for overseas bank in the UK

A London based financial institution with global reach asked Lysis to perform a review of their AML governance framework.

Division
Consulting & Advisory
Industry

Corporate, Wholesale and Investment Banking

Service-line

Financial Crime Framework Review and Enhancement

The Client
A London based financial institution with global reach.
The Challenge
To review the firm's anti-money laundering (AML) governance framework and operational controls against the new 2017 requirements.
The Solution

Lysis deployed a team of AML and regulatory specialists to carry-out a review of the firm's governance framework relating to AML. They also reviewed all policies and procedures relating to AML, ABC and sanctions and reviewed and tested all operational processes and systems relating to AML including KYC and transaction monitoring. In addition, Lysis interviewed all key staff from executive management to operational staff in order to establish the level of understanding and cultural awareness around AML and compliance. They further tested the Three Lines of Defence model in the firm to review its effectiveness.

Results
Lysis provided the client with a detailed report that contained the findings of the review. They conducted a gap analysis against the firm's current approach to AML and current regulatory requirements which allowed the firm to gain a detailed and independent understanding of its AML governance framework.
Ready to chat about how we can help you?
Get in touch today!
Get in Touch
Other Case Studies
Browse Case Studies
Operations & Resourcing
KYC Remediation for a global corporate and wholesale bank
Corporate, Wholesale and Investment Banking

A major global bank needing a data clean-up post banking system implementation

Innovation, Authorisations & Banking Solutions
Regulatory Permissions for a Global Payment Services Firm
Payment Services & Card/ Merchant Acquirers

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.

Consulting & Advisory
Regulatory Permissions for an Irish Payment Services Firm
Payment Services & Card/ Merchant Acquirers

Our client was applying for Payment Services permissions from the Central Bank of Ireland and required support in defining and documenting the Governance and Compliance framework.