In the loop with Lysis

The Financial Conduct Authority (“FCA”) released their findings based on reviews of approaches by firms to fair value assessments under the new Consumer Duty which will be enforced on 31 July 2023

The Monetary Authority of Singapore (MAS) indicated that the Financial Services and Markets(Amended) Bill (FSM(A)B had been passed by parliament.

Last week, the G7 counties announced new sanctions against Russia at the G7-Summit which took place in Japan.

Historically, the gaming andgambling industry has been associated with money laundering and other criminalactivities

The Compliance Institute of Ireland recently approached Lysis Group to share their expertise regarding ESG in the operational compliance space with specific reference to the“Implementation of an Effective ESG Agenda”.

Our award-winning managed service offering is fully configured to suit firms'individual risk appetites and operational controls and is perfectly adaptable to meet firms’ policy requirements in a dovetailed manner.

When firms identify the level of risk associated with their clients, they must thoroughly assess the risks and mitigate the risks.

Measures designed to reduce the risk of money laundering via the Post Office have been published by the Financial Conduct Authority (FCA)

Last week, for the first time ever,the European parliament backed the European Union’s set of rules to regulate crypto asset markets such as Bitcoin.

Most firms will be aware of the regulators’ “box” of supervisory tools

Global regulators require firms to have controls in place to prevent and detect any activities linked to money laundering and the financing of terrorism.

The Financial Action Task Force (FATF), global anti-money laundering watchdog, recently published its updated recommendations, one of which now requires...

According to reputable sources, Signature bank, a New York-based full-service commercial bank was recently seized by regulators and was apparently being investigated by US prosecutors prior to the closure of the bank.

The Lysis Group has been operating in the Financial Crime Compliance (FCC) and Client Lifecycle Management (CLM) space for more than 20 years.

All firms must review their anti-money laundering (AML) and broader financial crime (FC) programmes on a regular basis to ensure that it is fit for purpose.

ESG regulations and the implementation thereof in Ireland is primarily governed by the European Union (“EU”) framework.

There are many factors that contribute to the rising cost of Financial Crime Compliance (FCC) including the limitations placed on the privacy of data, the growing complexity of compliance itself and the large chunk of labour costs linked to this.

International financial crime watchdog the Financial Action Task Force (FATF) announced on 24 February 2023 that South Africa was added to its so-called "grey list" ...

Environmental, Social & Governance (“ESG”) has become an important part of business decisions, corporate finance, and business strategies over the last few years.

The ROE requires any anonymous foreign buyers of UK property to disclose the beneficial ownership of the property to Companies House.

The CEO of Lysis Group, Jon Sweet was invited to take part in the virtual debate which took place yesterday...

Since the invasion of Ukraine by Russia on 24 February 2022, more than 30 countries have imposed sanctions on Russia. These sanctions impacted Russia’s financial system, halted energy imports...

The UK’s National Crime Agency (NCA) recently published their Suspicious Activity Report (SAR) Annual Report for 2022 which included statistics for the years 2020 to 2021 and 2021 to 2022.

The Financial Conduct Authority (‘FCA’) recently published their feedback on the quality of applications from firms wanting to register and trade as crypto asset firms in the UK.

Our managed service offering is fully configured to suit firms' individual risk appetites and operational controls and is perfectly adaptable to meet firms’policy requirements in a dovetailed manner.

With a new year well on its way it is important for every Financial Institution (FI) to conduct an anti-money laundering (AML) Health Check and Maturity Assessment to review if their AML policies, procedures...

The recent collapse of crypto exchange FTX has sparked investigations ...

The Financial Action Task Force(FATF) is an intergovernmental body founded in 1989 on the initiative...

“Health checks and maturity assessments are the first steps in assessing a firm’s financial crime (FC) framework because it depicts the current state ...

Lysis was approached to assist a large privately owned bank in the Caribbean region, which provides services to numerous clients from the ...

In what is referred to as a “record-high” penalty, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) and ...

Even though there are several exciting projects on the go for Lysis, there are two projects we would like to highlight to illustrate our ...

The momentum from the first quarter continued into the second quarter of 2022 for Lysis, across our financial services, online and ...

The Australian casino business sector has been under intense scrutiny during the last three years following serious allegations of money ...

According to recent media reports, lawmakers have criticised the Financial Conduct Authority (FCA) because of their slow response to ...

In recent years, the cryptocurrency landscape expanded rapidly and the regulations to govern this environment have also evolved ex...

This year has been a busy year so far for Lysis Group, across our financial services and crypto clients. In the first quarter of ...

ESG refers to three main factors namely environmental, social and governance which are considered when measuring sustainability an...

There has been a lot of noise in recent months about South Africa facing the possibility of being “grey listed” due to a poor score in the Financial Action Task Force’s...

According to The Guardian newspaper, a dedicated unit of more than 250 German police officers raided several properties in Bavaria...

“Human trafficking is one of the most profitable crimes in the world and a significant pipeline for money laundering”, according t...

Last week Ladbrokes owner, Entain was ordered to pay £17m after they failed to implement sufficient checks in order to support str...

Firms are constantly looking for ways to increase efficiencies and to reduce costs which is why more firms are considering the ben...

The sanctions against Russia have introduced one of the largest changes to sanction lists in recent years and have far-reaching im...

There are many factors that contribute to the rising cost of financial crime (FC) compliance including the growing complexity of c...

Last week, the Prudential Authority of the South African Reserve Bank published their 2021 report which indicated that South Afric...

The global compliance landscape is becoming increasingly complex which means that effective remediation is rarely simplistic. Acco...

Chris Oliver from Lysis Group stated that the global prevention of money laundering remains a challenge for both regulators and fi...

Founded in 2014, Edge is a start-up technology firm based in San Diego and recently announced their collaboration with Mastercard ...

Lysis has well-established on-shore and near-shore capabilities in North America, Europe, and Asia-Pacific countries (APAC) which ...

In any regulated industry, firms must consider how they can improve the quality and performance of their customer operations. Ques...

Australia’s real estate market has been a contentious political issue since the 1990’s with the centre of the problem being the ev...

Earlier this month, the BBC reported that MPs from Northern Ireland, (NI) were lobbying to close a loophole, alleged to facilitate...

The anti-money laundering (AML) and Counter-Terrorism Financing (CTF) Tranche 2 legislation consultation phase is expected to be c...

In recent years, there has been a substantial increase in the cost of compliance across the globe. This is supported by credible s...

Last year the Chinese police made their first arrest for Central Bank Digital Currency (CBDC) money laundering. Chinese officials ...

Friday the 3rd of June marked the 100th day of the war in Ukraine after Russia invaded the country on the 24th of February. Althou...

As the pressure increases for firms to adhere to anti-money laundering regulations to remain compliant, the standardisation of cap...

The Financial Conduct Authority (FCA) sets out to conduct regular testing of new business models when they operate in the UK as pa...

Cryptoassets and their capabilities are becoming very popular topics of discussion in boardrooms. Many of these discussions also i...

The Monetary Authority of Singapore (MAS) recently published a report which highlights and summarises their findings on name scree...

When we take a long-term approach, it becomes clear that technologies, in all it’s different variations, are changing the concept ...

Money laundering, a practise that can be traced back to ancient China almost 2000 years ago, involves attempts to obfuscate the or...

Non-fungible tokens or NFT’s are the new buzzwords in the cryptoasset world and various experts speculate that these tokens might ...

Just as it is in the best interest of an employer to thoroughly vet a potential employee, financial firms have the same obligation...

In recent years, the cryptoasset landscape expanded rapidly but the regulations to govern this environment has also evolved expone...

In recent years, organisations across the globe have experienced enormous pressure and challenges regarding compliance with anti-m...

According to a recent article in the mainstream media, the UK government indicated that they want to become a ‘global hub’ for the...

As part of Lysis Group, Lysis Operations is a dedicated banking operations business that provides Know Your Client (KYC) file proc...

Successful registration of cryptoasset firms in a regulated market Due to the recent financial sanctions, Russian oligarchs are ex...

There are many factors that contribute to the rising cost of financial crime (FC) compliance including the limitations placed on t...

Customer due diligence is a key component of the puzzle The use of proxies to execute deals is widespread amongst Russian oligarch...

Having a holistic client view has never been more important The recent financial sanctions against Russia resulted in the net bein...

Lysis Group hosted a live webinar on 29 March 2022 that specifically focussed on cryptoassets in the current sanctions’ environmen...

You might have seen the recent press release regarding Lysis Group opening a near-shore Client Lifecycle Management (CLM)/Anti-mon...

Sanctions screening are becoming more complex The sanctions against Russia have introduced one of the largest changes to sanction ...

Regulated financial service companies, estate agents and law firms have a legal and regulatory obligation to continuously screen a...

Gage your firm’s risk appetite and risk assessment The recent financial sanctions against Russia have far-reaching implications fo...

Founded in 2001 Lysis Group provides Financial Crime Compliance (FCC) and Client Lifecycle Management (CLM) services to financial ...

During the last two weeks, the United States (US), the United Kingdom (UK), Canada and the European Union (EU) have hit Russia wit...

Transaction monitoring is a key part in the defence against money laundering and financial crime. It is the process of identifying...

After delivering many successful projects supporting client businesses in Australia, Lysis is proud to announce the formal establi...

Lysis Group is proud to announce the appointment of Anne Maria Rothenstein as a board member of Lysis Group, effective January 19,...

Once again, hello readers! Welcome back for Part 3 of ‘Optimising Customer Risk-Rating Methodologies’ (CRRM). Today, we shall disc...

Focused on the entire chain of client transactions, and designed to produce easily-digestible results, Client Lifecycle Management...

Over the past two years there has been a rise in new cryptoasset services and service providers. With the increasing confidence th...

Regulated financial service companies, estate agents and law firms have a legal and regulatory obligation to carry out ongoing mon...

Welcome back, avid readers! We hope you had a wonderful weekend, and welcome to Part 2 of ‘Optimising Customer Risk-Rating Methodo...

Is it not amazing that a person convicted of a white-collar crime, Fraud, Market Manipulation, can make one error that sends them ...

To ensure that a Financial Institution (FI) is always fully compliant with the relevant legislation relating to Financial Crime an...

Just as financial services firms get used to the likes of AML Regulations, Market Abuse, Anti-Bribery & Corruption, and Brexit…..t...

Financial institutions receiving hefty fines by their regulators for poor anti-money laundering (AML) controls is nothing new, but...

We live in a time where bribery and corruption scandals seem (sadly) more prevalent than ever. A surprising story surfaced this we...

Photo credit: ICIJ After the Panama and Paradise Papers, we now have the Pandora Papers and it is safe to conclude that – despite ...

Lysis Group is proud to announce the appointment of Gabriel Cozma as the Head of Lysis Financial and FinTech, and a member of the ...

A glimpse at AML & Cryptoassets in France To everyone’s knowledge, the French nation is passionate about good cheese, excellent wi...

In today’s market, Cryptocurrency firms are ever more prevalent. In the UK, there are over 200 Cryptocurrency firms alone with ove...

As many of us in the industry are aware, the Financial system is governed by various bodies and regulators. In the United Kingdom,...