1. Compliance
  2. Guidance library
  3. AML/CFT
  4. AML/CFT audits of risk assessments and AML/CFT programmes guideline

AML/CFT audits of risk assessments and AML/CFT programmes guideline

 
121211 Guideline for audits of risk assessments and AML CFT programmes
This guideline is designed to help reporting entities manage the requirement to audit their AML/CFT risk assessment and AML/CFT programme.
FMA will use the Audit Report as a supervisory tool. We believe that it will give us a good insight into the AML/CFT compliance regime of a reporting entity and be an effective way of helping us to supervise reporting entities. If the Audit report does not provide us with sufficient assurance that a reporting entity's AML/CFT regime is robust and effective, we may adopt a more vigorous supervisory approach to give us assurance that the reporting entity's AML/CFT regime is up to the required standards.