Record Retention

Record Retention

An AML audit ensures that the organization has comprehensive internal policies, procedures, systems, and controls. This can be broken down into three key components – side-by-side walkthroughs to observe how functions work in practice and testing to determine whether procedures have been followed. Interviews with relevant persons to gauge personal knowledge, as well as the culture of compliance in the firm.

We will conduct the quality and effectiveness Internal Audit on the organization’s internal control, risk management, and governance system and processes, thereby helping the Board of Directors / Shareholders/partners/Owner and Senior Management protect their organization and its reputation. Furthermore, our Internal Auditor will use risk-based approaches to determine their work plans and actions. Please connect for a free consultation and book your gap analysis audit.

Guidance For the Setup Compliance Team

We assist you in building your compliance team as per the regulatory expectations with the concept of five elements;

Designing the AML/CFT Policies, Procedures, and Controls:
The AML/CFT Policy will be designed according to the business activity to be easily understood to maintain compliance while performing job functions.  The procedure and controls will be validated regularly, and the policy will be updated with the recent AML/CFT laws.
Designating a Compliance Officer, Compliance Committee & Audit Committee:
A Compliance Officer will be assigned to verify the day-to-day AML compliance program to prevent, detect, and report non-compliance matters.

The committees will conduct regular meetings to evaluate the effectiveness of the Compliance Department, system, and procedures. The recommendations will be reported with the meeting minutes to the board of directors/shareholders/partners/owner.

Our goal is to be your trusted partner on your digital transformation journey, helping you stay ahead of the game and achieve success in today’s ever-evolving business landscape.


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