Operations & Resourcing

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Corporate, Wholesale and Investment Bank

High Risk Corporate and Counterparty KYC Remediation for a Global Inter-dealer Broker

Following a visit from the regulator, a global inter-dealer broker was put under a Section 166 order.

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The Client

A global inter-dealer broker

The Challenge

Following a visit from the regulator the firm was put under a Section 166 order due to concerns across their Governance Risk and Compliance capabilities

The Solution

Lysis worked with the Group Board to structure and run a major GRC remediation programme of c.60 projects:

One project was AML remediation ofHigh Risk institutional customer and market counterparty cases.
Lysis deployed a small and highly experienced team for this work.
The service included determining ownership and then remediation of all KYC and due diligence records, screening for sanctions, Politically Exposed Persons (PEP’s) and adverse media and enhanced due diligence as needed.
Lysis managed the pipeline and volume/throughput.
Detailed Management Information(MI) and progress reporting were provided on a regular basis.

Results

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Corporate, Wholesale and Investment Bank

High Risk Corporate and Counterparty KYC Remediation for a Global Inter-dealer Broker

Global Banking Secrecy and Data Security

AML Training for a National Gaming Licensing and Taxation Agent

KYC Remediation: Section 166 order for a major wholesale and investment bank

Offices across the globe.

UK

EU

USA

ASIA

SA