Full-scope compliance audit and due diligence

A London based money transmission firm

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.

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.

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