The requirement for MLRO oversight over your firms adherence to AML/CFT legal and regulatory requirements includes the need for documented structured monitoring.

We can assist your MLRO function by recommending the format, methodology and scope of formal AML/CFT monitoring, and upon appropriate approval, undertake monitoring work under your direction.

A typical AML/CFT monitoring exercise will include:

• Review and assessment of the firm’s AML/CFT framework of measures and procedures
• Reviewing an agreed sample of clients for adherence to the firm’s AML procedures, including those relating to Client Risk Assessments.
• Producing a list of provisional findings for commenting by Senior Managers
• Producing a final monitoring report, including an executive summary and issuing to the MLRO for validation and forwarding to the Directors.

£4,000 (+VAT where applicable)   Fee based on a typical client monitoring sample size of 20 clients / client entities.

Three weeks