Dec 5, 2022
All UK law firms are required to establish an independent audit function to examine, evaluate and make recommendations regarding the adequacy and effectiveness of their practice’s anti-money laundering and counter-terrorist financing policies, controls, and procedures. This can be carried out via an internal or an external auditor.
In this episode, we speak to the Director and Founder of SRA consultancy firm Compliance Office, Andy Donovan, to explore what an independent AML audit involves, the differences between an independent audit and an external audit and what should be included in every audit.
Find out how we can help: https://vinciworks.com/products/aml/aml-audits/