AML Independent Audit

Ready to Strengthen Your AML Framework?

Ensure the integrity of your AML/CFT framework with Parker Russell Obaid Auditing. Contact us today to explore how our AML Independent Audit services, performed by our experienced team, can safeguard your business against financial crimes.

How Parker Russell Can Assist:

The independent audit function performed by Parker Russell Obaid Auditing includes, but is not limited to:

• Examine Adequacy of AML/CFT and CDD Policies: Assess the adequacy of AML/CFT and Customer Due Diligence (CDD) policies, procedures, and processes to ensure compliance with regulatory requirements.
• Assess Training Adequacy: Evaluate the comprehensiveness of training, accuracy of materials, training schedule, attendance tracking, and escalation procedures for lack of attendance.
• Review Outsourced AML/CFT Compliance Functions: Review all aspects of any AML/CFT compliance function outsourced to third parties, including personnel qualifications, contract details, and the performance and reputation of the company.
• Evaluate Case Management and STR Systems: Assess case management and Suspicious Transaction Report (STR) systems, including the research and referral of unusual transactions. Review policies, procedures, and processes for referring unusual or suspicious activity from all business lines to the personnel responsible for investigating such activity.