AML/CFT Agreed Upon Procedures Audit in UAE

Our Approach to The AML/CFT Agreed Upon Procedures Audit

At HLB HAMT, we take a comprehensive approach to AML/CFT compliance, working closely with our clients to ensure their programs are tailored to their specific risks and needs. Our team of experts has extensive knowledge of regulatory requirements and industry best practices, allowing us to provide customized solutions that address the unique challenges facing each of our clients. We offer a range of services, including risk assessments, policy and procedure development, staff training, and ongoing program monitoring and testing. Our goal is to help our clients maintain a robust and effective AML/CFT program that meets regulatory expectations and protects their businesses from financial crime.

• Review the necessary areas as specified by the regulatory authority.
• Test the customer on boarding and transaction process flow.
• Validate the AML/CFT software solution – Risk Profiling, Screening, and Process Flow Monitoring.

What steps are Included in an AML/CFT Independent Audit?

A standard acceptance requirement includes an engagement letter that outlines the scope, degree of assurance, deliverables, access to records and employees, and other pertinent details.

How HLB HAMT can Assist?

At HLB HAMT, we pride ourselves on our expertise in AML/CFT independent audits. Our team has extensive experience working with FIs and DNFBPs, and we use a risk-based approach to identify and manage AML/CFT risks. Our services are tailored to meet the specific needs of our clients and are designed to provide them with the assurance they need to manage their AML/CFT risks effectively.