| Section |
Audit Points |
Compliant |
Comments/Evidence |
| Policies & Procedures |
- AML policy is up-to-date and approved.
- Procedures cover all regulatory requirements.
- Policy distributed to all relevant staff.
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| Risk Assessment |
- Comprehensive risk assessment performed.
- Risk profiles for customers/products established.
- Risk assessment reviewed annually.
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| Customer Due Diligence (CDD) |
- Identification and verification procedures in place.
- Ongoing monitoring of customer relationships.
- Enhanced due diligence for high-risk customers.
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| Transaction Monitoring |
- Monitoring system detects suspicious transactions.
- Unusual transaction reports reviewed promptly.
- Thresholds for transaction alerts set and reviewed.
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| Suspicious Activity Reporting |
- Staff trained on when and how to file SARs.
- Record of SARs is maintained securely.
- SARs filed in accordance with timelines.
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| Training & Awareness |
- AML training provided regularly to all relevant staff.
- Training materials reviewed for current regulations.
- Attendance records of AML training maintained.
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| Record Keeping |
- Records retained as per statutory requirements.
- Records are accessible for regulatory inspection.
- Record disposal procedures followed securely.
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| Independent Audit |
- Regular independent audits carried out.
- Findings documented and reported.
- Remedial actions tracked and completed.
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