Our client had acquired a business from a competitor and had c.50-60 Payment Programme Managers and their programmes to on-board. They asked Lysis to supply a team of experts to do this work.
Payment Services & Card/ Merchant Acquirers
UK Payment Services Provider
Our client had acquired a business from a competitor and had c.50-60 Payment Programme Managers and their programmes to on-board. They asked Lysis to supply a team of experts to do this work.
Lysis provided a compliance officer and a team of senior AML Analysts to review and on-board the Programme Managers. This involved Enhanced Due Dilgence on the Programme Managers and full review of the AML framework, governance and operating models of the Programme Managers to ensure that their programme customers could be on-boarded without putting our client at risk of breaching AML rules.
The merger of two global investment banks required the implementation of a single client onboarding firm structure and alignment of systems and procedure to a single global policy.
An international payment company with offices in major European hubs outsourced KYC service provision was unsatisfactory. A significantly enhanced and more effective capability was developed by Lysis.
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.
