This audit is conducted in order to determine whether a Financial Institution has developed, administered and maintained an effective program for compliance with relevant AML/CFT laws and regulations. The exercise will cover several stages of assessment and evaluation.

  • Stage One – A review of the Financial Institution’s AML/CFT Compliance Policies, Procedures and Programs.
  • Stage Two – An evaluation of the Financial Institution’s Control Processes and Risk Management framework.
  • Stage Three – Recommendations and Implementation.