A global financial services firm engaged Lysis Group to support a strategic review of its Financial Crime Risk Management Framework (FCRMF). The review was driven by the need to assess the effectiveness, alignment, and maturity of the firm’s current financial crime controls across key domains.
Corporate, Wholesale and Investment Banking
Strategic Review and Roadmap Delivery for Financial Crime Risk Management
A global financial services firm engaged Lysis Group to support a strategic review of its Financial Crime Risk Management Framework (FCRMF). The review was driven by the need to assess the effectiveness, alignment, and maturity of the firm’s current financial crime controls across key domains. Following this, the client required support in delivering a comprehensive roadmap of improvements, business case development for future initiatives, and programme-level communication and planning support.
The client’s Financial Crime Programme was operating in a highly complex and evolving regulatory environment, with increasing scrutiny from global regulators and expectations for demonstrable risk-based controls. Although key controls were in place, there was a need for strategic alignment across workstreams and consistency in the application of risk management principles. The organisation sought to mature its framework, address key findings from internal and external reviews, and position itself for long-term compliance and operational effectiveness.
Lysis Group deployed a multidisciplinary team of subject matter experts and programme delivery specialists to lead and support the client’s transformation across six interdependent workstreams:
1. Financial Crime Risk Framework
We worked closely with the client’s risk and compliance teams to review, benchmark and enhance the overall FCRMF. This included refining the structure, scope and articulation of financial crime risks and ensuring alignment to the organisation’s enterprise risk management approach.
2. Policy & Standards
Our team assessed the policy architecture and identified opportunities to simplify, harmonise and strengthen financial crime policies, standards and guidance. We developed a revised policy hierarchy and delivery plan to support implementation.
3. Governance
We evaluated the existing governance structures and recommended enhancements to clarify accountability, strengthen oversight and improve decision-making forums. This included updating terms of reference and aligning governance with the enhanced risk framework.
4. Data
We supported the development of a data strategy for financial crime, focusing on improving data quality, lineage, ownership, and availability for key risk and control processes. Use cases were defined to demonstrate how enhanced data could support better risk identification and MI.
5. Technology
Lysis assessed the current technology landscape supporting financial crime operations, identifying gaps and opportunities for optimisation. A strategic roadmap was developed for future technology investments, ensuring alignment with business and regulatory needs.
6. People, Training & Culture
We helped shape a people and culture plan that reinforced the importance of financial crime risk awareness. This included a review of training content, role-specific capability requirements, and the development of communication materials to support cultural change.
• A refreshed and risk-aligned Financial Crime Risk Management Framework, integrated with enterprise-level risk structures.
• A prioritised roadmap of improvements across policy, governance, data and technology domains.
• Clear articulation of future programme phases, supported by detailed business cases aligned to strategic objectives and funding requirements.
• Enhanced stakeholder engagement and internal communications strategy to support delivery and adoption.
• Increased confidence in financial crime controls from internal and external stakeholders, including regulators.
Lysis Group’s expert-led approach enabled the client to transition from a fragmented financial crime control environment to a strategically aligned, risk-based and future-ready framework. Our partnership continues as we support delivery of the roadmap and drive lasting transformation across the client’s financial crime capabilities.
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