COMPLIANCE AUDIT SERVICES

Our Compliance Audit Service provides financial institutions with an annual, independent assessment of their AML and sanctions compliance framework.

We combine former regulators and seasoned compliance executives with AI-driven diagnostics from the KROTON platform to deliver a 360° view of your compliance effectiveness.

Unlike generic consulting reviews, our approach is both strategic and technical — aligning with regulatory expectations and validating that your systems work as intended.

Regulators increasingly expect firms to demonstrate:

• Ongoing effectiveness testing of AML and sanctions programs
   
• Evidence of model validation and scenario optimization
   
• Periodic independent reviews beyond internal audit scope
   

Our audits help you:

• Identify gaps before regulators or correspondent banks do
   
• Reduce false positives without missing true alerts
   
• Strengthen governance and documentation
   
• Build a remediation roadmap backed by measurable data
   

We combine structured methodology with proven health-check frameworks developed in engagements for Tier-1 banks and payment companies.

1. Governance & Program Review

• AML / CTF policy and procedure alignment with FATF, EU, and local regulations
   
• Compliance team structure, roles, and independence
   
• Escalation, reporting, and board oversight
   

2. KYC / Customer Due Diligence Audit

• Onboarding processes and documentation
   
• Beneficial ownership (UBO) and PEP screening
   
• Risk-based segmentation and periodic review cycles
   

3. Sanctions Screening Audit

• List coverage (OFAC, EU, UN, local) and update frequency
   
• Screening configuration and match thresholds
   
• False positive analysis and suppression methods
   
• Payment message and trade document screening coverage
   

4. Transaction Monitoring Audit

• Data quality and completeness
   
• Rule / scenario library review and tuning
   
• Alert handling workflows and backlog management
   
• Effectiveness testing with real and synthetic scenarios
   

5. Reporting & SAR/STR Filing

• Quality and timeliness of suspicious activity reporting
   
• Audit trail completeness
   
• Regulatory correspondence handling
   

• Executive Summary for Board and senior management
   
• Detailed Findings Report with prioritized remediation actions
   
• System & Process Health Check Annexes (KYC, Sanctions, TM)
   
• Benchmarking against peer practices and regulatory expectations
   
• Optional follow-up validation to test remediation effectiveness
   

We offer both:

• Annual subscription — fixed-fee yearly audit with interim follow-ups
   
• One-off assessment — ad-hoc full review or focused module audit