AML Audit Services

Why You Need an AML Audit

In accordance with Canadian law, businesses are required to conduct a comprehensive review of their compliance programs every two years. This "effectiveness review" or AML audit is not just a regulatory obligation—it's a vital health check for your business to detect and prevent money laundering and terrorist financing activities.

What We Offer

Expert Evaluation:
Our seasoned compliance experts bring a wealth of knowledge to assess your AML strategies.

‍Comprehensive Review:
Our audit extends to all corners of your business practices. We examine how well your business aligns with your documented compliance protocols, the efficacy of your risk assessment practices, and the thoroughness of your ongoing training initiatives.

‍Actionable Insights:
Post-audit, we provide you with a detailed report, pinpointing any gaps or weaknesses. Our findings translate into practical recommendations and action plans to fortify your compliance measures.

Our Process

1

Initial Documentation Review:

We begin by examining your business’s recent regulatory filings, AML policy documents, and risk assessments.

2

In-depth Analysis:

We conduct interviews, sample transactions, and review key documentation to evaluate the understanding and implementation of AML practices across your team.

3

Ongoing Support:

Throughout the audit, we maintain open communication lines with key staff, including compliance officers and senior management, to gauge their grasp of AML obligations.

4

Reporting and Recommendations:

On completion, we provide a comprehensive report to senior officers within 30 days, highlighting our findings and advising on any necessary updates to policies or procedures.

Your Responsibilities

To ensure a smooth and thorough review, we require your cooperation in providing relevant documents and facilitating access to staff. This collaboration is essential for a successful audit that reflects your AML program's effectiveness.

Our Commitment

We are dedicated to delivering an audit that not just meets regulatory standards but also enhances your business’s integrity and compliance stance. Partner with us, and take a significant step towards reinforcing your AML defences.