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Independent AML Audit Services

An Independent AML Audit is a regulatory requirement designed to evaluate the effectiveness of a company’s Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) program.

Regulators require businesses such as:

Money Service Businesses (MSBs), Money Transmitters, Fintech companies, Crypto platforms, Insurance companies, Broker-dealers

to conduct independent audits of their AML program at regular intervals.

Fincheck LLC provides structured, regulator-ready Independent AML Audit & AML CFT Independent Testing services.

What Is an AML Audit?

If you’re searching:

  • What is an AML audit?

  • What is AML independent testing?

  • Independent audit pillar of AML

Here’s the answer:

An AML audit is an independent review of your AML compliance framework to assess whether your policies, procedures, controls, and reporting mechanisms are working effectively.

Independent testing is one of the core pillars of AML compliance.

Independent Audit – A Core AML Pillar

Under global AML frameworks (including US and international standards), AML programs must include:

  1. Internal controls

  2. Compliance officer

  3. Ongoing training

  4. Independent audit function

The independent audit function in AML ensures that compliance is objectively evaluated by qualified professionals.

AML Independent Audit Requirements

AML independent audit requirements typically include:

  • Periodic independent testing

  • Documentation review

  • Transaction sampling

  • Suspicious Activity Report (SAR) review

  • KYC file testing

  • Risk assessment validation

  • Reporting to senior management

Failure to conduct independent AML testing can result in penalties and regulatory action.

Independent Audit of AML Program – What We Review

Our Independent Audit of AML Program covers:

1️⃣ AML Policy Review

  • Alignment with regulations

  • Risk-based approach validation

  • Customer Due Diligence (CDD) compliance

2️⃣ AML Independent Testing

  • Transaction monitoring testing

  • Alert handling review

  • Sanctions screening review

3️⃣ AML CFT Independent Audit

  • Terrorist financing controls

  • OFAC & sanctions screening

  • Cross-border risk exposure

4️⃣ Governance & Reporting

  • Compliance officer effectiveness

  • Board-level reporting

  • Internal escalation procedures

AML Independent Audit Report

After completion, we deliver a structured AML Independent Audit Report, including:

  • Executive summary

  • Risk findings

  • Gap analysis

  • Regulatory references

  • Corrective action recommendations

  • Audit rating

The AML independent audit report can be presented to:

  • Regulators

  • Banking partners

  • Investors

  • Licensing authorities

AML Independent Audit Checklist

Our audit methodology includes:

✔  Risk assessment review
✔  KYC file sampling
✔  Customer onboarding procedures
✔  Enhanced Due Diligence testing
✔  SAR filing review
✔  Recordkeeping compliance
✔  AML training program validation
✔  Internal audit documentation

This acts as a comprehensive AML independent audit checklist.

AML Independent Testing Requirements (USA & Global)

In the United States:

  • MSBs require independent AML testing under federal rules

  • Broker-dealers require FINRA independent AML testing

  • Insurance companies must conduct independent audits of their AML programs

Search intent covered:

  • FINRA independent AML testing

  • Independent audit of an insurance company’s AML program

  • Independent audits of the AML program

Independent AML CFT Audit

An Independent AML CFT Audit focuses on:

  • Anti-Money Laundering controls

  • Counter-Terrorist Financing controls

  • Sanctions compliance

  • Cross-border transaction monitoring

This is particularly critical for:

  • Fintech companies

  • Crypto exchanges

  • Payment service providers

  • Remittance businesses

AML Independent Review vs AML Audit

Many businesses ask:

AML Independent Review vs Independent AML Audit – What’s the Difference?

  • AML Independent Review → Lighter compliance assessment

  • Independent AML Audit → Formal regulatory-grade audit with structured reporting

We offer both services depending on your regulatory needs.

AML Independent Assessment & Testing Frequency

Independent AML testing should be conducted:

  • Annually (for higher-risk businesses)

  • Every 12–18 months (moderate risk)

  • As required by regulators

We assess your risk profile and recommend proper frequency.

Who Needs Independent AML Audit Services?

  • Money Service Businesses (MSBs)

  • Money Transmitters

  • Fintech startups

  • Crypto platforms

  • Insurance companies

  • Investment firms

  • Lending institutions

If you operate in a regulated financial environment, independent AML audit is not optional — it is mandatory.

Why Choose Fincheck for Independent AML Audit?

We provide:

  • Independent audit for AML programs

  • AML CFT independent testing

  • Regulatory gap analysis

  • Audit-ready documentation

  • Board-level reporting support

  • Remediation advisory

Our audit approach is:

✔ Risk-based
✔ Regulator-aligned
✔ Documentation-driven
✔ Independent & objective

Prepare for Your AML Audit Today

If you are:

Applying for license renewal, Preparing for regulatory inspection, Required to perform AML independent testing, Expanding into new jurisdictions

Fincheck LLC delivers structured, compliant, and regulator-ready independent AML audit services.

Schedule your Independent AML Audit consultation today