A practical, independent review of your anti-money laundering framework, proportionate to your size and risk profile. Our audits give you clear assurance, a prioritised action plan and credible evidence for the SRA, your board and insurers.
Audits
Independent “Regulation 21” AML Audit
Why firms choose us
- Independent, SRA-savvy perspective without the “gotcha” approach
- Conversational interviews and file sampling to see how things work in practice
- Clear, traffic-light report with actionable recommendations (quick wins and longer-term fixes)
- Follow-up debrief and support with remediation if needed
- Transparent fixed fee or daily rate pricing model
- Download the free Pre-Audit Document Checklist and learn how to prepare for an independent audit here.
What we look at
- Firm-wide risk assessment (is it driving policy and controls?)
- Onboarding workflows: CDD/EDD, source of funds/wealth, sanctions screening
- Matter risk assessments and ongoing monitoring
- Policies, procedures and PCPs (including red-flag escalation)
- Training, supervision and competence evidence
- Use of client account and payment controls (including TPMAs/escrow)
- Record-keeping, MI, breach management and SAR handling
How It Works
Scope and prep
Short scoping call and a pre-audit document request so the audit is efficient.
Fieldwork (Over 3 – 4 Days)
On-site or remote, to suit you. We review documents, interview key people and sample files to understand how AML controls are applied day-to-day.
Report and Debrief
You receive a concise, traffic-light report within 7–10 days, with risk-ranked recommendations. We then walk you through the findings and next steps.
Why now
The SRA is proactively inspecting firms’ AML compliance, and fining those who fall short. Regulation 21 of the Money Laundering Regulations requires an “independent audit function” where appropriate to the size and nature of your business. The SRA expects firms in scope of the MLRs to be able to evidence this. Our audit provides that evidence—and meaningful improvements that stick.
Ready to talk?
Book a short call to discuss scope and dates, or request a proposal. We’ll make the process straightforward and proportionate to your risks.
Want to know more?
Request a call back from our expert team.
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