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Why the need to have an independent AML/CFT audit?

Category: Independent AML/CFT Audit

The independent AML/CFT audit enables the reporting person to evaluate the practical efficiency of its risk-based AML/CFT programme and determine whether the risk-based policies, controls and procedures in place are based on the money laundering and financing terrorism & proliferation risks identified by the reporting person and whether they are adequate and effective in mitigating the risks.

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