About Us

P2 Fin Crime 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 Fin Crime’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.

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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.

Driving improvement to the Fin Crime framework of a global Asset Management Business
10.01.19
The Situaton

• The organisation had received negative feedback following a recent regulatory visit
• As a result, it had been the subject of an FCA Section 166 review
• A Skilled Person was in the process of being appointed to lead the s.166

Issues

• The organisation had not centrally managed the initial response to the regulatory review
• As a result, the outcomes required to close the issues were unclear
• Some of the dates agreed to were unachievable
• There was a lack of overall control, governance and planning
• There was a risk of further disappointing the regulator and lengthening the duration of the s.166

How P2 FinCrime helped

• Supported the organisation throughout the review and selection of the Skilled Person
• Provided a central control point for the programme
• Acted as the control room for Information requests from and back out to the Skilled Person
• Gathered all regulatory issues from the review into a central repository
• Provided subject matter expertise around key issues to ensure the organisation was planning to align to industry best practice
• Worked with the Skilled Person to agree the outcomes required to close each issue
• Defined the evidence required to back issue closure
• Revisited the target dates and managed regulatory expectations around achievability
• Baselined the plan across all deliverables
• Worked with individual issue owners to agree outcomes and timelines
• Managed the day to day risks, issues and dependencies across the programme
• Built appropriate governance and reporting
• Supported the Risk Committee with evaluation of plans, deliverables and reports

The Outcome

• We were able to re-baseline the programme and meet the revised dates
• The organisation improved its underlying Fin Crime control framework
• Over the agreed timescale all issues were closed or mitigated to an acceptable level
• The Section 166 review was completed, and the Skilled Person oversight was ended
• The Fin Crime BAU capability was improved and a sustainable model was put in place for the future
• The organisation improved its relationship with the regulator based on achieving the goals that were agreed

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