Audits

BSA and AML Independent Reviews

Money laundering regulations require that banks, credit unions, money services businesses, casinos, insurance companies, and many other firms, regardless of their business or size, implement a written AML program that is reasonably designed to achieve compliance with the requirements of the Bank Secrecy Act. The rule further requires firms to provide for independent testing of the program for compliance.

Independent AML Reviews

This test may be conducted by member personnel or a qualified outside party. Small firms may not have enough employees to satisfy the "independent" aspect of the testing requirement. Medium size or large firms may not want to do the independent testing themselves because of other reasons.

AMLSI can help. Our network of experts are all members of the Association of Certified Anti-Money Laundering Specialists (ACAMS®), and hold the CAMS® (Certified Anti-Money Laundering Specialist) designation. Our founder is the founding Executive Director of ACAMS.

Our AML Audit examines the key components identified by the regulators as essential for an effective AML program including:

Our Audit Program

  • Compliance with relevant money laundering laws and regulations;
  • Customer Due Diligence, Knowing Your Customer (KYC) including source of wealth, risk-based customer acceptance processes;
  • Monitoring and decision-making process for suspicious activity reporting, including detection scenarios;
  • Co-operating with law enforcement and supervisory agencies;
  • Training program content and scope Communicating the firm's AML program through policies, procedures and staff training;
  • and Firm risk and exposure with respect to size, business lines, customer base and geographic location.

Our Audit Package

  • Comprehensive report with point-by-point results for senior management review;
  • Recommendations for enhancing the efficiency of your AML Program if warranted.

We look forward to planning your AML Program compliance testing.

Our Services

AMLSI is a consultancy and training firm focused on anti-money laundering and financial crime risk in the global financial services industry.

Testimonials

  • Saskia is a great role model for individuals wanting to develop successful business partnerships. Her visionary and strategic thinking is held in high esteem by many in the industry. Saskia's approach is holistic, pragmatic and personable thus managing to overcome many challenging situations. Energy, focus, drive, creative, passionate, all words that describe Saskia and how she works.

    Hany Abou-El-Fotouh, CAMS
    Director at CI Capital Holding, Egypt

  • Saskia Rietbroek is the consummate AML professional: Experienced, expert and knowledgeable. She is someone who can head a team or be part of one, and will excel in each role. In particular, her abilities as a trainer, speaker and moderator are well known in the field, and she is highly sought-after for that reason. Finally, the fact that she can make her knowledge available in five languages sets her apart from most.

    Ross S. Delston, CAMS
    Founder GlobalAML.com, Washington, DC

  • I've worked with Saskia for a number of years, and can attest to her knowledge, expertise and ability to communicate with just about everybody, no matter what their level of knowledge is in the field. Saskia's strength comes from her ability to recognize that the application of controls to mitigate these risks is truly an art and not a science, and she will effectively assist your organisation to be the best it can be.

    Compliance Manager
    Offshore trust company in Cayman Islands

  • I have known Saskia since March 2004 as being ACAMS Executive Director, and been fortunate to work with her as a moderator of ACAMS 2nd Annual European Conference, Berlin 2006. Her wide and depth knowledge in the AML/CFT field have contributed and enriched the compliance arena with the best best practice in the field.

    Bachir A. El Nakib, CAMS, ACFE, CFAP
    Managing Partner - Executive Director GRC Global Compliance Alert in Beirut, Lebanon

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