AML
AML (Anti-money Laundering) Audit
We know as a regulated institution in the financial services sector, your banking partner or the regulator will require you to have an annual independent audit of your firm’s anti money laundering arrangements conducted.
It is becoming best practice for many firms to operate this as a 3rd line of defence and utilise fscom as an industry specialist to benchmark themselves against their peers. You will have the confidence knowing you are dealing with the best in the business and benefit from our status as one of the long-standing auditors on panels in several banking providers.
Related Webinar
Preparing for your AML Audit Webinar
Watch this webinar where fscom’s Associate Director in the Fincrime team, Fred McDowell guides you on how to prepare for your AML Compliance Audit’.
What is a compliance or AML audit?
A compliance audit or an anti-money laundering (AML) audit is an external independent review of your firm’s business processes, document policies, personnel and controls in order to compare its existing compliance procedures against its regulatory obligations.
What are the regulatory obligations?
The regulatory obligations are the Money Laundering Regulations 2017 (“MLRs”), The Proceeds of Crime Act 2002 (“POCA”) and The Joint Money Laundering Steering Group (“JMLSG”) guidance.
Use the audit to demonstrate your best practice compliance to external bodies
The end result is a comprehensive audit report which clients can use to demonstrate internally and externally to third parties that the highest standards of compliance are met throughout the firm.
Book your free consultation
Related services
Why choose fscom?
- 10 years’ experience in conducting AML audits and advising on your AML policies and procedures.
- Comprehensive insight into industry best practice.
- Audits are led by senior colleagues who have deep domain knowledge of cyber security and are highly experienced in auditing.
- Honest and full appraisal of what your firm does well and areas requiring attention in a time efficient manner.
- Open and engaging communication approach with all staff based on core values of mutual respect, courtesy, patience and flexibility.
On demand insights and resources
Webinar and Podcasts
From the Blog
On demand insights and resources
Discover insights from our industry-leading experts on Anti-money Laundering including blogs, podcasts and webinars.
Most Common Audit Findings Webinar
Watch our webinar where fscom’s Associate Director in the Fincrime team, Fred McDowell as he goes through the Most Common AML Compliance Audit Findings.
AML in Crypto: A beginners Guide
As of January 2022, more than 300 million people are using blockchain-based cryptocurrencies worldwide, and over 18,000 businesses accept cryptocurrency payments. According to market experts,
AML & CTF Risk Assessment- Best Practice Guidance Webinar
This on demand webinar, Senior Manager of Fincrime, Fred McDowell will discuss the key aspects of AML / CTF controls.
AML & CTF Risk Assessment- Best Practice Guidance Podcast
In this session, Fred McDowell, fscom’s Senior Manager of Financial Crime, will provide insight as to how a firm can ensure that their AML &
Get started today
If you are looking for a thorough review of your compliance which is undertaken in the most meticulous manner, so it can be used for the benefit of your business and to help you improve how you do things in the compliance department, then get in touch with our Director, Philip Creed today.
