Auditing Services from AML & Compliance
AML and Compliance provide a range of auditing services to help ensure your business’ compliance. Find out more below.
MLR 2017 Auditing
Part of the Anti Money Laundering (AML) Regulations is for a business to undertake a formal risk assessment. The predominant reason is to identify, manage and, where possible, eradicate the potential for the business to be caught up in money laundering. Regardless of the size of your business and the complication of your structure, a risk assessment must be performed.
A GDPR audit will provide an assessment of a Business’s data protection practices and compliance with the UK GDPR and Data Protection Act 2018. The ICO advises that audits are a key part of assisting organisations in understanding and meeting their data protection obligations to confirm that controls are fit for purpose and that policies and procedures are effective to support and document compliance.
Auditing does not need to be intrusive and time-consuming. At AML and Compliance, we will work with businesses as an outsource partner to complete all auditing or provide an independent addition to their existing auditing functions. We also work with businesses to implement a process of effective and proportionate auditing that keeps within budgetary requirements.