FINTRAIL’s independent compliance audit services are conducted by experts that truly understand your industry.
Our experts have deep hands-on experience in developing and deploying risk management controls from leadership roles with leading FinTechs, RegTechs and banks.
We are specialists in auditing the financial crime and compliance controls within electronic money, payment institutions, virtual asset providers and innovative
financial service businesses.
Sanctions, Compliance and AML Audit Services
Thorough independent audits, generating prioritised practical recommendations on regulatory compliance and operational effectiveness and efficiency.
Targeted Assurance or Health Check
We can provide different levels of independent assurance to review specific areas of your programme, generating actionable recommendations for addressing regulatory gaps.
Systems Testing
We can conduct testing of all elements of a financial crime framework, covering both processes and tools, providing practical recommendations on enhancements and efficiency gains.
To find out more about how we can support your requirements, please get in touch:
Some of the companies we work with:
Audits & Assurance Scope
The scope of the audit can be expanded to cover fraud, tax evasion, compliance-related items or any other financial crime related matters as well as AML and sanctions at an additional cost.
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Ensure business is compliant with financial crime regulations, guidance from the regulators and any relevant third party guidance
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Review application of a risk-based approach covering policies and procedures, risk appetite and risk assessment process.
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Review CRA and CDD to ensure regulatory compliance. This will be performed through system walkthroughs and file reviews.
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Perform system walkthroughs and file reviews of customer screening process inclusive of PEPs, sanctions, adverse media and warning lists, and sanctions screening process for transactions.
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Review internal and external suspicious activity reporting and the investigation process.
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Review of ongoing customer monitoring processes inclusive of KYC, monitoring high risk customers and transaction monitoring system.
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Review the current financial crime governance and team structure to identify gaps and deficiencies.
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Review the financial crime quality assurance and quality control programme, including CDD, customer risk rating, customer screening, and ongoing monitoring.
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Review the training and awareness programme to ensure regulatory compliance and that teams are trained sufficiently and have appropriate awareness of financial crime risks.
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Review reporting processes and the nature of the management information framework, including financial crime reporting.
Approximate Timelines
Our final reports highlight observations relating to regulatory compliance and operational efficiency with accompanying practical recommendations.
Find out more
With regulators maintaining increased scrutiny on financial services, you must have a systematic and comprehensive audit process in place while also staying on top of regulatory changes.
In our free regulatory guide for 2022, we help you keep one step ahead by outlining regulatory developments, emerging areas of focus and regulatory enforcement trends.