Business Issue
A London-based money transmission firm was in the early stages of a funding round and needed to complete a robust due diligence process. To support this, the firm required a full-scope compliance audit to demonstrate that it met all relevant regulatory standards, particularly around AML/CTF controls.
Solution
fscom conducted an off-site review of the firm’s documentation, followed by an on-site assessment of the full AML/CTF framework. This included testing the effectiveness of systems, controls, and internal processes. Initial findings were shared with the firm’s representatives to confirm accuracy and gather management responses. fscom then delivered a comprehensive audit report detailing findings and providing clear evidence of compliance with regulatory expectations.
Benefits
The audit provided the firm with a clear, independent view of its compliance posture, offering strong assurance to stakeholders involved in the funding round. The process also identified any areas for refinement, enabling proactive improvement ahead of further regulatory or investor scrutiny.
Client
Feedback
The client was left with confidence in their ability to present a compliant, well-governed business to prospective investors. fscom’s expertise and thorough approach played a key role in helping the firm complete its due diligence and move forward successfully with the funding round.
