AML/CFT Agreed Upon Procedures Audit in UAE

An agreed-upon procedure (AUP) engagement process is where the auditor carries out particular audit-related processes on which the auditor, the entity, and any third party agree and generate factual findings.

Our independent audit process is designed to provide an objective and thorough assessment of our clients’ AML/CFT functions, identifying areas for improvement and providing recommendations for remediation. Our team of experienced auditors uses a risk-based approach to assess the effectiveness of our clients’ policies, procedures, and controls, ensuring compliance with regulatory requirements and industry best practices. Our audit reports are detailed and actionable, providing clear guidance on how our clients can enhance their AML/CFT programs to better protect their businesses from financial crime.

HLB HAMT experts will help you with AML/CFT audits and reviews for any business activity.

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HLB HAMT - Accounting Firm in UAE

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    AML/CFT 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.
    AML/CFT Audit in UAE

    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.

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