Anti Money Laundering Independent Audits

The AML Auditor is your partner in delivering the audit process, they are not your adversary. Gone are the days when another person within the organization performed the Independent Review as there is too much at stake when it comes to AML Compliance. When engaging an AML Auditor don't buy on price - buy on expertise and value. Your AML Auditor must have the knowledge, experience, and skills to properly Plan, Scope, Review and Test all the relevant elements necessary for the AML Compliance Program to state whether it conforms to requirements and is adequate. It's important that they have the Credentials, Experience, current AML knowledge, and provides a proper proposal including the Scope of Work, Deliverables, Timings, and Terms. We recommend that your AML Compliance Audit be included in your annual budget.