Tailored AML Audit Solutions for Business

An Anti-Money Laundering (AML) Audit is a comprehensive review of a company’s adherence to regulatory standards to prevent financial crimes such as money laundering and terrorist financing. It provides an independent assessment of the effectiveness of a company’s AML policies and procedures.

At COREDO, we understand that every business is unique. That’s why we offer bespoke AML audit services tailored to the specific needs and characteristics of the company. Our goal is to help ensure full compliance with AML regulations, mitigating risks and enhancing your reputation in the market.

Assessment of AML systems

Our department will analyze the existing AML rules established in your company.

Compliance with norms

We will compare internal AML rules with global and local regulations.

Finding gaps

Comparison with laws and regulations will help us identify all the shortcomings in the company's AML policy.

List of recommendations

We will compile a personalized list of recommendations for improving the AML policy in your firm.

Customised Pricing and Terms

Our pricing and terms are as individual as our client’s business. We consider several factors to provide everyone with a customised AML audit solution. These factors include the size of the company, the scale and risk level of the company’s client base, and the existing AML protocols.

The price for our one-year AML Audit service starts from 3,000 euros. The audit typically takes 30-40 days, starting from the receipt of all requested documents and information.

Please note that the timing and price may vary based on several factors, including:

The number of clients served by the company
The range of the provided services
The composition of the company’s board of directors
The size of the company, including the number of employees
The regulatory body which you are subject to

We strive to provide a comprehensive and fair pricing structure that reflects the complexity and scope of the business operations.

The Importance of an AML Audit

An AML audit is not just a regulatory requirement — it’s a crucial part of maintaining the integrity and reputation of any business. Here are some reasons why an AML audit is so important:

Regulatory Compliance: An AML audit helps the company meet regulatory requirements and comply with the law.

Banking Relationships: Banks often require an external review or audit to assure that a particular business manages its financial crime risks effectively. An AML audit can help to establish and maintain banking relationships.

Regulatory Authorisation: While an AML audit is not a must for FCA or any other authorisation, it can help identify any risks or issues that the regulator might pick up, allowing the company to address these before submitting the application.

Investor Confidence: Investors prefer businesses that are compliant with regulations. An AML audit can be a part of due diligence exercises and can help attract investment.

Peace of Mind: An AML audit gives the confidence that the business is operating in a compliant manner, reducing risks and enhancing its reputation in the market.

Why Choose COREDO for the AML Audit?

Our AML audit services are designed to provide comprehensive insights into the company`s compliance with AML regulations. We offer a flexible approach, adjusting our services to match the complexity of the company’s business operations/ COREDO services will help to ensure that the company is fully compliant with existing requirements, reducing risks and enhanced its reputation in the market.

Extensive experience and constant updating of knowledge in the field of AML

Serving customers around the world

Continuous contact with AML regulators from different countries

Additional service of preparation of a legal opinion

Ready to take the next step? Order an AML audit for your company today with COREDO.

WHO NEEDS OUR SERVICES

Credit institutions
Financial institutions
- Payment institutions
- Electronic money issuers
- Cryptocurrency exchangers
- Providers of custodial wallets

Risky activities
- Providers of gambling / bookmaking services
- Forex

Other clients
- Auditors, accountants and tax consultants
- Notaries and other independent lawyers if they are involved in any financial or real estate transactions
- Trust funds or investment companies
- Real estate agents (if the monthly rent is 10,000 euros or more)
- Traders of art work

Frequently Asked Questions

What is an AML Audit?

How long does an AML Audit take?

The typical duration for our one-year AML Audit service is 30-40 days, starting from the receipt of all requested documents and information. However, the timing can vary based on several factors, including the size of the particular company, the number of clients, served by the company, and the range of the provided services.

How much does an AML Audit cost?

The average price for our one-year AML Audit service is 10,000 euros. Please note that the price may vary based on several factors, including the size of the company, the number of clients served, the range of the provided services, and the composition of the company’s board of directors.

Why is an AML Audit important?

An AML audit is crucial for maintaining the integrity and reputation of the business. It helps to ensure compliance with AML regulations, establish and maintain banking relationships, attract investment, and gives the confidence that the business is operating in a compliant manner.

Why should I choose COREDO for my AML Audit?

At COREDO, we offer bespoke AML audit services tailored to the specific needs and characteristics of the company. Our services are designed to provide comprehensive insights into the company’s compliance with AML regulations. We offer a flexible approach, adjusting our services to match the complexity of the company’s business operations.

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