AML Audits

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We deliver AML and financial crime audits that are structured, practical, and designed to avoid surprises. Our approach is simple:

Identify the issues first, fix them properly, then complete the formal audit.

This ensures firms remain in control of the process and are not exposed to unexpected findings at the final stage.

We do not conduct audits as a one-off “pass/fail” exercise.

Instead, we follow a structured three-stage process:

1. Gap Analysis

We conduct a detailed review of your AML / financial crime framework. Our assessment is aligned to UK regulatory expectations and covers all key areas of AML compliance. 

2. Report and Remediation

Following the gap analysis, we provide a detailed  report setting out:

• Areas of compliance
• Identified gaps and weaknesses
• Clear, practical recommendations for remediation

You then have the flexibility to complete remediation work at your own pace, either internally or with our support.

This stage is critical — it ensures that issues are addressed before the formal audit is finalised.

3. Final Audit Report

Once remediation is complete, we perform a final review and issue the formal AML audit report.

Because gaps have already been identified and addressed, the final report reflects the firm’s actual compliant position, not a list of avoidable failings.

This approach ensures:

• No unexpected findings at final audit stage
• A clean and defensible audit outcome
• Full transparency throughout the process

We offer two levels of financial crime audit, depending on your requirements:

A focused review of AML compliance, covering all requirements under AML legislation and regulation. This includes full coverage of areas such as 

• Governance, MLRO and accountability
• Business-Wide Risk Assessment (BWRA)
• Policies, controls and procedures
• Customer due diligence (CDD / EDD)
• Sanctions, PEPs and screening
• Transaction monitoring
• SAR processes and reporting
• Training and record keeping

A broader audit covering the full financial crime framework, including:

• AML / CTF (as described above)
• Fraud prevention
• Anti-bribery and corruption

This provides a more holistic view of financial crime risk and control effectiveness across the business. 

Remediation support

Where required, we provide hands-on support to implement remediation actions, including:

• Updating AML frameworks and policies
• Strengthening BWRA and risk methodologies
• Redesigning CDD / EDD processes
• Improving transaction monitoring and screening controls
• Enhancing governance, oversight and MI

Why our approach works

Traditional audits often identify issues at the end of the process, leaving firms with findings but no time to resolve them.

Our approach reverses that.

• Issues are identified early
• Remediation is completed before final reporting
• The firm retains control throughout
• The final audit reflects reality, not theory