Unbiased Insights for an Uncompromising Compliance Posture
Independent Audits
A rigorous external evaluation of your internal controls and KYC procedures against POCAMLA and FRC standards. We identify compliance gaps and provide a structured remediation roadmap to ensure you are fully prepared for regulatory inspections.
- Identify hidden vulnerabilities in your AML controls before they lead to regulatory intervention.
- Conduct objective testing of internal systems to ensure they remain effective in real-world scenarios.
- Provide the independent perspective required to satisfy FRC and international review standards.
Why an Independent Audit is Non-Negotiable
In an evolving regulatory landscape, an internal review is often not enough. Our independent audits provide:
Regulatory Peace of Mind: Meet the specific annual or biennial audit requirements set by the FRC, CBK, and IRA.
Conflict-Free Insights: An objective, “third-eye” perspective that internal teams may miss due to operational proximity.
Pre-emptive Gap Discovery: Identify and remediate vulnerabilities before they are flagged during a formal regulatory inspection.
Our Audit Scope
We conduct a deep-dive assessment across your entire AML/CFT ecosystem, including:
Internal Control Testing: Evaluating the strength and application of your existing AML policies.
Transaction Monitoring Reviews: Assessing the effectiveness of your suspicious activity detection and reporting.
Customer Due Diligence (CDD) Samples: Auditing “Know Your Customer” files to ensure they meet high-risk and PEP (Politically Exposed Persons) standards.
Governance & Oversight: Reviewing Board-level engagement and the autonomy of the MLRO function.
The Compliance Quotient Process
We follow a streamlined, four-phase approach to minimize disruption to your operations
Planning & Risk Profiling
Tailoring our audit plan to your specific institutional risk profile.
Fieldwork & Testing
A rigorous review of documentation, systems, and staff interviews.
The CQ Report
A detailed findings report that categorizes risks and provides actionable remediation steps.
Post-Audit Support
Guidance on implementing recommendations to boost your effective outcomes.
Standards We Audit Against
We ensure your business remains aligned with:
The Proceeds of Crime and Anti-Money Laundering Act (POCAMLA).
FRC Guidelines for DNFBPs and Financial Institutions.
CBK Prudential Guidelines and IRA AML/CFT Guidelines.
International FATF 40 Recommendations.
Is your framework truly effective?
Don’t wait for an inspection to find the gaps. Let’s calculate your Compliance Quotient today.