Assurance through Independent Audits
Author: Lawrence S. Grant-Lapre, CAMS-Audit
As an anti-money laundering (AML) specialist who has been immersed in preparing policies, procedures and controls that all work together to ensure criminals are deterred from utilizing any financial services offered, I have highlighted the benefits and considerations that can be drawn from obligatory independent audits as required by regulators in various jurisdictions.
Money launderers and financiers of terrorist organizations are actively seeking for a vehicle to move monetary value whether it be cash or digital currency. This criminal activity is proactive in seeking systems that allow them to move these funds.