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

A European Retail Bank with over 4000 employees globally.

Rapid deployment of a team of transaction monitoring specialist and senior regulatory consultants.
Completed a review of c.800 personal and savings accounts
Identified and reported to the bank’s senior management team, outlining any key areas of concern related to anti-money laundering.
Presented the findings, conclusions and further recommendations to the bank.

The Client

A European Retail Bank with over 4000 employees globally.

The Challenge

Working to a tight regulatory deadline to review five years of transactions to identify suspicious transaction and cases of money laundering and/or terrorist funding.

The Solution

Rapid deployment of a team of transaction monitoring specialist and senior regulatory consultants.
Completed a review of c.800 personal and savings accounts by producing a standard template for each customer, capturing both KYC and AML transactional information with evidentiary support where appropriate.
Identified and reported to the bank’s senior management team, outlining any key areas of concern related to anti-money laundering.
Presented the findings, conclusions and any further recommendations to the bank.

The Outcome

Identified deficiencies in the way in which the reviews of these cases had formerly been done allowing the client to take positive remedial steps to be able to comply with regulatory requirements.