88 Wood Street, London, EC2V 7RS, United Kingdom    Phone: +44 (0) 845 658 0008    Email: info@lysisfinancial.com

A major Global wholesale and retail bank with global reach.

Worked with board members and senior management to review the firm’s processes and controls from an AML perspective
Development of the Financial Crime Escalation Committee
Successfully implementation of AML
Engineering of the structure of the new KYC department

The Client

A major Global wholesale and retail bank with global reach.

The Challenge

The firm identified deficiencies it is AML Governance Framework along with its KYC Operations

The Solution

Lysis worked with board members and senior management to review the firms processes and controls from an AML perspective.
Lysis produced and developed new policies and procedures from an AML perspective covering Client onboarding/Off-boarding and KYC, Trade Finance, Treasury Services, Politically Exposed Persons as well as sanctions.
Development of the Financial Crime Escalation Committee providing governance around AML and Financial Crime at a board and senior management level.
Successfully implementation of AML including policy, procedures and training.
Engineering of the structure of the new KYC department as well as providing on-going KYC and QA support.

The Outcome

A fully documented AML and KYC governance framework.
Enhanced policies and procedures design to suit the needs of the business as well as ensure on-going compliance to UK regulations.
On-boarding efficiency was maximised by application of the agreed procedure.
An efficient and dynamic KYC department able to meet the demands of the business.