Money Laundering Regulations 2017—independent money laundering compliance audit plan
Money Laundering Regulations 2017—independent money laundering compliance audit plan

The following Risk & Compliance precedent provides comprehensive and up to date legal information covering:

  • Money Laundering Regulations 2017—independent money laundering compliance audit plan

    1. 1

      Preparing for the audit

      This section sets out a checklist of issues to be addressed pre-audit.

      ActionCompletedComments/action points
      Obtain copy of organisation-wide anti-money laundering (AML) and counter-terrorist financing (CTF) risk assessment[Insert date completed][Insert any comments or action points]
      Obtain copies of all AML and CTF compliance policies and procedures[Insert date completed][Insert any comments or action points]
      Determine how many files are to be reviewed and which departments they should come from[Insert date completed][Insert any comments or action points]
      Identify customer/matter files for review[Insert date completed][Insert any comments or action points]
      Arrange access to all relevant internal systems, files and records, eg:
      —IT system
      —customer due diligence (CDD) records
      [Insert date completed][Insert any comments or action points]
      Arrange access to any externally-provided systems used in connection with AML and CTF, eg external verification systems or training courses[Insert date completed][Insert any comments or action points]
      Obtain copies of AML and CTF training records[Insert date completed][Insert any comments or action points]
      Identify directors and staff to be interviewed[Insert date completed][Insert any comments or action points]
      Confirm availability of relevant directors and staff during audit window[Insert date completed][Insert any comments or action points]
      Obtain access to suspicious activity reporting data[Insert date completed][Insert any comments or action points]
      Obtain copies of previous AML and CTF audit papers (if any) and monitoring records[Insert date completed][Insert any comments or action points]
      [[Insert other pre-audit actions]][Insert date completed][Insert any

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