JRBN Audits of AML/CTF Systems, Policies & Procedures

Sometimes businesses just need assurance that they are on the right legal track with their AML/CTF systems and processes. Other times, you may have had a request from your bank, or wholesaler requesting an external audit of your AML/CTF Policies and procedures.  Or you own/manage or responsible for a client who falls under the Money Laundering Regulations (MLR) and want to ensure that your client is compliant with current legislation.

 

A member of the JRBN Team will visit your business, or your client at a time convenient to you/them. A member of the JRBN team will then undertake an Audit of the current working practices and analyse your risk assessments and the AML/CTF procedures you have in place and alert you to deficiencies, if any. As part of the Audit JRBN Consulting will:

 

Undertake an in-depth and comprehensive audit of Anti-Money Laundering (AML)/Counter Terrorist Financing (CTF) Policies, Procedures and Controls detailing those procedures and practices including observations on their Risk Assessment, including the following:

  • Review established AML/CTF policies and procedures and benchmarking against UK and EU legislation (this includes reviewing the AML/CTF manual, risk assessment, training programs, transaction/risk monitoring, EDD programs, PEPs and Sanctions protocols etc.)
  • Determining staff awareness and adoption of the company’s AML/CTF procedures
  • Review segregation of duties
  • Review client databases and sample checking transactions for application of internal processes
  • Review account opening/large transaction forms and requirements
  • Review internal audit arrangements
  • Review Data Protection protocols
  • Review internal and external communications
  • Review Governance arrangements including structure, direction and accountability

If you would like to learn more about the JRBN Audits, please call us now on 0203 005 3256 or email us at enquiries@jrbn.co.uk or use the contact form.

We are located at:

JRBN Consulting Limited


8 Holgate Court, 4-10 Western Road

Romford

RM1 3JS

Contact us today!

If you have any queries or wish to make an appointment, please contact us:

 

0203 005 3256 0203 005 3256

enquiries@jrbn.co.uk

 

Or use our contact form.

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