SRA AML Visits - Navigating the Audit Process

Introduction

According to the SRA AML Annual Report 2022/23 only 30% of the firms visited were fully compliant in terms of AML compliance.

In addition, 19% of firms were not compliant at all and were referred to the investigations team.

These figures need to improve.

The first few months of 2024 have seen an increase in the number of firms being fined for failures of AML compliance, but there is a lot you can do to be prepared for an SRA visit and to come out of it with a fully compliant rating.

Expert speaker Jo Morris will guide you through the audit process, from the first contact with the SRA to ensuring that you have the correct documentation in place and your staff are following your policies and procedures.

What You Will Learn

This webinar will cover the following:

• Why have you been chosen for a visit?
• What happens after that initial contact?
• Which documents will the SRA ask you to produce?
• What will happen on the day of the review?
• What will happen after the visit?
• How to get your firm and your staff prepared to make this a smooth experience

This webinar was recorded on 20th June 2024

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