Most broker dealers are required to have an audit of the effectiveness of its AML program annually. Some firms are required by rule to hire an outside party to conduct the review. Other firms choose to use an outside firm in order to provide a more independent evaluation.
SCA consultants assigned to conduct AML reviews have years of experience auditing AML programs. In addition to providing a written assessment of the client’s AML program citing any actual deficiencies, we provide recommendations and best practices to assist clients in enhancing their AML program.