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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Regulatory Permissions for an Irish Payment Services Firm

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.

Service

Consulting & Advisory

Industry

Payment Services

Improvement of Customer On-boarding experience & end-to-end CLM Management

A UK-based online bank that provided multicurrency accounts for cross-border European transactions. The client wanted to enhance their customer on-boarding experiences and improve their CLM process.

Service

Consulting & Advisory

Industry

Corporate, Wholesale and Investment Bank

A crypto asset business obtains registration with the Financial Conduct Authority

A crypto asset business, a subsidiary of a US Nasdaq-listed company requested assistance with the process to obtain FCA registration. Lysis provided the client with a highly experienced MLRO and compliance team who worked with senior management to implement required controls and processes. The client was successful in obtaining FCA registration.

Service

Consulting & Advisory

Industry

Digital Assets

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Corporate, Wholesale and Investment Bank

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

Regulatory Permissions for an Irish Payment Services Firm

Improvement of Customer On-boarding experience & end-to-end CLM Management

A crypto asset business obtains registration with the Financial Conduct Authority

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