13, Southend Road, Woodford Green, IG8 8HD
[email protected]
We offer a compliance audit service to provide a health check and detailed review of your organisation’s compliance standards.
A regulatory compliance audit is essential for payment service providers (PSP). Whether you have a Payment Institution (PI) or E-money Institution (EMI), there are important requirements which are imposed by the regulations. In order to ensure that your business is conducted in accordance with all of the requirements, you must perform a regulatory compliance audit from time-to-time. We do provide both external and internal audit services.
For each company working in the financial service sector, it is essential to have proper controls and procedures which would prevent money laundering and terrorist financing. The importance of external AML compliance audit cannot be overemphasised as it allows for an impartial light to be shone on the company’s conduct. We have dedicated ICA accredited specialists who know the ins and outs of what must be implemented for the successful prevention of financial crimes. The external AML compliance audit helps to ensure that your business is following all new and old AML regulatory requirements. For payment service providers, we can advise on how to improve internal controls to prevent transaction laundering. The review of AML controls that are implemented within the company normally comprises of:
After our independent review, we will provide our expert opinion specifying any shortcomings found. Additionally, we will create the remediation plan and assist in its implementation. Frontiers Compliance is flexible regarding the type of audit you need. Please, do not hesitate to contact us if you need only one type of regulatory audit for your financial institution.
We offer a compliance audit service to provide a health check and detailed review of your organisation’s compliance standards.
A regulatory compliance audit is essential for payment service providers (PSP). Whether you have a Payment Institution (PI) or E-money Institution (EMI), there are important requirements which are imposed by the regulations. In order to ensure that your business is conducted in accordance with all of the requirements, you must perform a regulatory compliance audit from time-to-time. We do provide both external and internal audit services.
Anti-Money Laundering Audit
For each company working in the financial service sector, it is essential to have proper controls and procedures which would prevent money laundering and terrorist financing. The importance of external AML compliance audit cannot be overemphasised as it allows for an impartial light to be shone on the company’s conduct. We have dedicated ICA accredited specialists who know the ins and outs of what must be implemented for the successful prevention of financial crimes. The external AML compliance audit helps to ensure that your business is following all new and old AML regulatory requirements. For payment service providers, we can advise on how to improve internal controls to prevent transaction laundering. The review of AML controls that are implemented within the company normally comprises of:
