Client
A London based money transmission firm
Objective
The firm was in the early stages of a funding round for an industry leading money transmission firm. fscom was required to conduct a full-scope compliance audit and play a key role in the firm’s wider due diligence
Approach to engaging with the client
fscom conducted an off-site document review, followed by an on-site test of all components of the firms AML/CTF framework. Presented initial results to representatives of the money transmission firm in order to confirm findings and allow for management response.
Outcome
fscom presented the firm with a full audit report to demonstrate that all expected standards have been met. The firm completed its due diligence process and participated as fully in the funding round.
