AML/CFT Agreed Upon Procedures Audit in Abu dhabi

Our Approach to

AML/CFT Agreed-Upon Procedures Audits

At HLB Abu Dhabi, we adopt a thorough approach to AML/CFT compliance, collaborating closely with our clients to tailor programs that address their specific risks and requirements. Leveraging our team’s deep expertise in regulatory standards and industry best practices, we deliver bespoke solutions that tackle the distinct challenges encountered by each client. Our service offerings encompass a wide range of activities such as risk assessments, development of policies and procedures, staff training, and ongoing monitoring and testing of AML/CFT programs. Our objective is to assist clients in establishing and maintaining robust and effective AML/CFT frameworks that not only meet regulatory expectations but also safeguard their businesses against financial crime.

Our audit process includes:

• Reviewing critical areas as mandated by regulatory authorities.
• Testing the customer onboarding and transaction process flow.
• Validating AML/CFT software solutions, including risk profiling, screening processes, and process flow monitoring.

An essential initial step is agreeing upon an engagement letter that defines the audit’s scope, level of assurance, deliverables, access to records and personnel, and other pertinent details.