About Us

P2 FinCrime is built on the foundations of P2 Consulting and FS 101, both challengers in their respective markets. By combining the Financial Crime expertise of the FS 101 team with the project and programme management skills of P2 consulting we offer the best solutions to clients without the Big 4 overheads.

What We Do

P2 FinCrime’s services span the regulatory change lifecycle for Financial Institutions – from advisory and operating model design, to systems evaluation and implementation with a heavy dose of operational performance improvement and remediation along the way.

Insights

Understanding the challenges that keep our clients awake at night is essential. In this section we demonstrate our expertise at solving your problems. We have deep insight into the business and technology issues facing all sectors.

Ask the Expert

In the first of our ‘Ask the Expert’ series, Phil Rolfe, P2 Consulting’s CEO, interviews financial crime and compliance expert Peter Hazlewood.

Case Studies

We’ve worked with clients across the sector and have gained excellent results – but don’t just take our word for it. Have a browse through some of the work we’ve done.

P2 Consulting

P2 Consulting is a market leading business transformation consultancy. P2 provides the entire range of consultancy services for organisations engaged in business change. P2 works in partnership with clients to turn their business ambitions into reality, bringing a unique blend of leading-edge thinking and hands-on delivery.

Design & Rollout of Global KYC Programme

P2 helped a multi-national, insurance advisory firm develop and implement a global KYC programme.

06.04.22
The Situaton

Our client, a British-American multinational risk management, insurance brokerage and advisory company was looking to design and implement Know Your Client (KYC) processes across 140 countries all with varying regulatory requirements and needs.

The firm was worried about its vulnerability, concerned there was no consistency in its global KYC approach, there was no single KYC solution in place and there was no ability to demonstrate what KYC was being undertaken, where it was taking place, how it was being conducted, by whom and when it was taking place.

The client was looking for a trusted partner who was able to understand the complex needs of this global organisation and have sufficient knowledge and experience to support and guide the client to successful implementation.

Issues

The P2 team, with its extensive financial crime knowledge and experience, worked with the client to design an approach to gather and analyse the global regulatory requirements, products, services and strategies deployed by the client.

We were then able to make recommendations on how to implement solutions and work in partnership to deliver these. Some of the specific deliverables included the successful roll out of a workflow management tool. P2 also designed and implemented a senior management sign off process and implemented a simplified due diligence process and controls for use globally.

Other elements of the solution included the development of a UK specific customer risk assessment methodology and tactical calculator. The team also lead and managed an internal audit covering the KYC programme delivery work and solution and identified and analysed global UBO (ultimate beneficial owner) requirements and designed an efficient solution through external vendors and internal processes.

How P2 FinCrime helped

Regulatory adherence: the P2 programme ensured the firm could comply to global KYC standards, so protected it from regulatory fines and subsequent reputational issues.

Financial crime SME: provided the correct level of staff with the expertise and correct level of knowledge to support a global KYC programme.

Ongoing improvement: we provide a view and plan on how to evolve the KYC processes over the coming years to deliver ongoing efficiency in the process and approach.

We can help your business today, please get in touch

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