Our client had a large backlog of increasingly old transaction alerts that potential indicated suspicious activity and required reporting.
Gaming Compliance
Global Gaming Operator
Our client had a large backlog of increasingly old transaction alerts that potential indicated suspicious activity and required reporting.
Lysis provided a team of Compliance SMEs to review the backlog of alerts, discount those that were not suspicious and raise Suspicious Transaction Reports to the country’s Financial Intelligence Unit (FIU) where this was deemed necessary.
One of our client's banks has flagged areas of our client's Ant-Money Laundering (AML) Governance and Compliance operation as a potential cause for concern. Our client asked Lysis to perform an independent review for them to establish if anything was genuinely wrong.
Following a review from the Financial Conduct Authority (FCA) in 2021, and a subsequent letter from the regulator, the client had to address a number of gaps that were identified by the regulator.
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.
