Agile – Enhancing AML Audit and Moving it Forward

Shashank Mohta, CAMS

The purpose of this white paper is to explain that with ever-increasing regulatory pressure, dynamically evolving compliance programs, and shifting priorities, AML audit must keep pace with the increasing demands and external forces it faces in the changing landscape of business disruption. This white paper will define an alternative approach to conducting AML audit, which will be helpful in resolving the problems at hand that are faced by the audit committee. The white paper will also trigger rethinking the outlook of auditing procedures. The aim is to highlight the key aspects of this alternative methodology, such as gain in responsiveness, incremental delivery, quick feedback loop, faster turnaround time, and the most significant of all, a ‘value-driven’ approach.

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