Client
Global e-commerce and payments company
Objective
As part of the conditions for new facilities with a major US bank, the client required an independent compliance audit to be conducted. The audit had to assess the company’s compliance with the UK and host EEA states’ AML requirements and their fraud prevention procedures. As the company had local subsidiaries in other EEA states, the audit involved onsite assessment in two EEA states and assessment against the local legislative requirements.
Approach to engaging with the client
fscom deployed an experienced audit team of three experienced consultants to undertake onsite audit testing of the AML and fraud systems. The project was delivered including the final report in six weeks.
Outcome
fscom delivered the application project on target and the application was processed by the FCA within three months.
