Case Studies

Design and build new three lines of defence model

Policies & Procedures

Design and build new three lines of defence model

Requirement

Mercore Compliance was asked to work with a multi-jurisdictional bank to re-design their financial crime target operating model, including providing a suite of new standards and procedures, and then to assist in the implementation.

Solution

Mercore Compliance worked with senior stakeholders to build a new three lines of defence model, based on industry best practice, and undertook a wide consultation process across the business to ensure buy-in. Once the model was approved, Mercore Compliance then created the standards and procedures to sit within the framework, ensuring for the first time that the bank had a consistent approach to financial crime across their jurisdictions.

Outcomes

The client’s Board approved all the proposed target operating model, standards and procedures, and a 12-month programme to implement the new framework was successfully executed. The client now has a framework, which meets their regulators expectations.

Why Mercore Compliance?

We have deep experience in advising clients on their financial crime target operating models and drafting simple and easy to use policies and procedures.
Case Studies