AML Innovations Lab
The lab is a testing and assessment ground for a range of AML initiatives including policy and process streamlining, improved Management Information (MI) solutions, new systems and new data sources. Successful initiatives are presented to our clients as potential ideas for efficiency improvements.
The lab also enhances the operation of our Managed Services by improving operational efficiency and MI.
Lysis currently has the following initiatives running within our AML Innovations Lab:
- Development of a KYC policy blueprint based on the UK’s 2017 Money Laundering Regulations (MLR2017) and the EU’s Fourth Money Laundering Directive (4MLD)
- Development of a KYC Business Management and MI solution which can be implemented to work with any existing KYC Workflow tool
- Development of a KYC policy blueprint based on MLR 2017 and 4MLD Lysis is developing a best-practice KYC Policy based on 4MLD and MLR2017.
Once complete this will be available to benchmark our clients’ policies against.
In addition, based on the policy blueprint Lysis will test various process initiatives in order develop operating model concepts and data and systems strategies for efficient processing under 4MLD.
- Development of a KYC Business Management and MI solution which can be wrapped around any existing KYC Workflow tool.