AML Audit

ComplianceAid provides Independent testing of Anti-Money Laundering Compliance Programs designed for the financial institutions.  ComplianceAid  proven track record of success and satisfied clientele make it a trusted partner for your AML Independent Audit needs.

Our Subject Matter Experts (SME)  are Certified Anti-Money Laundering Specialists (CAMS) who posse the field experience, education and knowledge to perform your business’s AML Audit.  Our SME's conduct an independent evaluation of AML risks and develop a sustainable, cost-effective solution to preventing money laundering.  We assist businesses with strengtening their AML/CTF compliance program and identify any gaps in the process.

ComplianceAid AML Independent Audit Program includes but not limited to:

  • A complete review of your business’s AML/CTF compliance program
  • Analysis of specific country regulatory requirements
  • Evaluation of AML training programs
  • Testing of policy and procedures
  • Transactional testing and evaluation
  • Assessment of the functions and responsibilities of the institution’s compliance officer
  • Customer Due Diligence, “Know Your Customer” (KYC) including source of wealth, risk-based and customer identification program (initial and on-going)
  • Assessment of an adequate risk assessment of products, services, customer base, and geographic location
  • Monitoring and escalation process for suspicious activity reporting, including parameters for alert system
  • Business compliance with sanctioned territories, individuals and escalation procedures
  • Business compliance with politically exposed persons and beneficial owners
  • Review of past aml audit reports to assess the effectiveness of implemented changes
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