Sigma Risk serves financial regulators, banks, global corporates, law enforcement and government bodies helping understand regulatory requirements, financial crime compliance challenges and customised solutions to help achieve compliance in most effective and efficient manner.
Independent AML & Financial Crime Audit
Money laundering regulations around the world require that relevant firms must establish an independent audit function with the responsibility
- to examine and evaluate the adequacy and effectiveness of the policies, controls and procedures
- to make recommendations in relation to those policies, controls and procedures; and
- to monitor the relevant person’s compliance with those recommendations
Sigma Risk specialises in conducting comprehensive AML Audit as independent consultancy firm. Our subject matter experts hold decades of professional experience in designing the scope of Independent AML Audit, conducting end to end assessment of effectiveness of the controls framework and providing guidance of improvement of controls framework in line regulatory requirements and industry best practices.
Sigma Risk independent audit services include review of following core assessment parameters to conduct an impartial assessment of your AML/CTF programme:
AML/CFT policies and procedures | Customer risk assessment methodology | Customer files | Customer transactions | Screening systems (sanctions, pep and adverse media) | Suspicious transaction review, escalation and reporting | Training records and training materials | Interviews with selective staff | Internal AML Audit findings | Governance and oversight | Management information | Record keeping | Draft report | Issuance of the final report