Financial Crime

Fincrime Audit

We know as a payments, e-money, challenger bank or crypto 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.

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.

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.


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Book your free audit consultation with our Director, Philip Creed