Quality Assurance and Audit
The quality assurance and audit shall be independent and neutral, giving an objective review of the current situation and finding the gaps and potential threats within the compliance program.
- Does the current risk assessment cover all the fields and sectors of the business?
- Is your management information reliable?
- Are your policies fully implemented and are in line with the operational performance?
- Is there an appropriate transaction and screening program testing?
- Do you fully own your compliance and financial risk model?
- Is the training program comprehensive and accurate? Is the training schedule, materials and attendance tracking within the regulator’s requirements?
Conducting the quality assurance and audit exercise at your institution is the first step to identify and assess the typologies of Money Laundering that may be proceeding within the institution. Furthermore, it will determine the readiness for managing these risks.
We provide a framework to track the previously identified issues and deficiencies to verify and ensure the continuity of the procedure within your institution.
Our methodology for establishing and applying the most suitable criteria will ensure comprehensive quality assurance and audit, providing full transparency of the level of safety within your institution.
