Client overview
About the client
The client is an investment firm with a market value of $300 billion and one of the world's top five outsourced CIO providers.
April 28, 2023
2 min read
The client's Anti-Money Laundering (AML) policies, procedures, and controls had not been independently reviewed for five years. With AML regulations requiring periodic testing of policy effectiveness, risk assessments, and training programmes, the client needed a comprehensive audit to restore compliance as quickly as possible.
The urgency extended beyond the audit itself. The review had to evaluate the client's AML framework, identify deficiencies, and provide clear recommendations within a demanding timeline.
LegalEase Solutions developed a three-phase audit methodology to evaluate the client's AML compliance programme thoroughly while meeting the requested timeline.
Beginning with research and stakeholder discussions, the team progressed through a detailed assessment of the client's AML framework before delivering a comprehensive audit report with findings and recommendations.
First phase:
Second phase:
Third phase:
LegalEase Solutions delivered a comprehensive audit report that documented the review process, findings, identified deficiencies, and recommendations for further compliance.
The engagement was completed within the requested two-month timeline, providing the client with a more efficient audit process, regular status updates throughout the engagement, and an organization that is now compliant with AML regulations.
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