How we can help
Agree the scope
Understand the services, customers and risk assessment. Agree the period, applicable requirements and sampling approach with management. For insurance firms the relevant lines of business determine scope.
Trace policy into practice
Sample relevant customer due diligence, ongoing monitoring, record keeping and internal suspicious transaction reporting. Check how staff apply the procedures.
Report to management
Set out findings, supporting evidence and recommendations. Discuss priorities, owners and follow-up dates. Review frequency reflects the nature, scale and risks of the business.
What you receive
An independent report for management and an action list for directors or designated owners to follow up.