{"id":4854,"date":"2024-07-31T11:01:49","date_gmt":"2024-07-31T07:01:49","guid":{"rendered":"https:\/\/www.fiumauritius.org\/fiu\/?page_id=4854"},"modified":"2025-06-03T13:24:24","modified_gmt":"2025-06-03T09:24:24","slug":"faqs-independent-aml-cft-audit","status":"publish","type":"page","link":"https:\/\/www.fiumauritius.org\/fiu\/?page_id=4854","title":{"rendered":"FAQs &#8211; Independent AML\/CFT Audit"},"content":{"rendered":"<div  class=\"ewd-ufaq-faq-list ewd-ufaq-page-type-distinct ewd-ufaq-category-tabs-\" id='ewd-ufaq-faq-list'>\n\n\t<input type='hidden' name='show_on_load' value='' id='ewd-ufaq-show-on-load' \/>\n<input type='hidden' name='include_category' value='' id='ewd-ufaq-include-category' \/>\n<input type='hidden' name='exclude_category' value='' id='ewd-ufaq-exclude-category' \/>\n<input type='hidden' name='orderby' value='title' id='ewd-ufaq-orderby' \/>\n<input type='hidden' name='order' value='asc' id='ewd-ufaq-order' \/>\n<input type='hidden' name='post_count' value='-1' id='ewd-ufaq-post-count' \/>\n<input type='hidden' name='current_url' value='\/fiu\/index.php?rest_route=%2Fwp%2Fv2%2Fpages%2F4854' id='ewd-ufaq-current-url' \/>\n\t\n\t\n\t<div class='ewd-ufaq-faqs'>\n\n\t\t<div  class=\"ewd-ufaq-faq-div ewd-ufaq-faq-column-count-one ewd-ufaq-faq-responsive-columns- ewd-ufaq-faq-display-style-default ewd-ufaq-can-be-toggled\" id='ewd-ufaq-post-4945-KpaQnjKUBa' data-post_id='4945'>\n\n\t\t\n\t<div class='ewd-ufaq-faq-title ewd-ufaq-faq-toggle'>\n\t\n\t<a class='ewd-ufaq-post-margin'  href='#' role=\"button\">\n\n\t\t<div class='ewd-ufaq-post-margin-symbol ewd-ufaq-'>\n\t\t\t<span >A<\/span>\n\t\t<\/div>\n\n\t\t<div class='ewd-ufaq-faq-title-text'>\n\n\t\t\t<h4>\n\t\t\t\tWhat is the difference between a reporting person\u2019s own review, an independent audit by an auditor, and desk-based\/onsite inspections (by the Regulatory body) of reporting person\u2019s AML\/CFT programme?\t\t\t<\/h4>\n\n\t\t<\/div>\n\n\t\t<div class='ewd-ufaq-clear'><\/div>\n\n\t<\/a>\n\t\n<\/div>\n\t\n\t<div class='ewd-ufaq-faq-body' >\n\n\t\t\n\t\t\t<div class='ewd-ufaq-faq-categories'>\n\t\n\tCategory:\n\t\n\t\tIndependent AML\/CFT Audit\n\t\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-post-margin ewd-ufaq-faq-post'>\n\t<p>A reporting person\u2019s own (internal) review is a process that he\/she\/the compliance team (MLRO & Compliance Officer) carries out to ensure that the risk assessment and AML\/CFT programme are up to date and to help the organisation identify and remedy any areas of deficiency.<\/p>\n<p>The independent AML\/CFT audit is a systematic check, by the internal auditor or an external auditor, of reporting person\u2019s risk assessment and AML\/CFT programme, and the application of said programme.<\/p>\n<p>A desk-based or onsite inspections by the regulatory body is to check that the reporting person has adopted a risk-based AML\/CFT programme that meet the requirements of the AML\/CFT laws and regulations of the country and are being effectively implemented within the business\u2019 operations. To note that a desk-based review or onsite inspections by the regulatory body is not considered a substitute for conducting an independent AML\/CFT audit or internal review.<\/p>\n<\/div>\n\t\t\n\t\t\t\n\t\t\n\t\t\t\n\t\t\n\t\t\t\n\t\t\n\t\t\t\n\t\t\n\t\t\t\n\t\t\n\t\t\t\n\t\t\n\t\t\t\n\t\t\n\t\t\t\n\t\t\n\t<\/div>\n\n<\/div>\n\t<\/div>\n\n\t\n<\/div>","protected":false},"excerpt":{"rendered":"<p>A What is the difference between a reporting person\u2019s own review, an independent audit by an auditor, and desk-based\/onsite inspections (by the Regulatory body) of reporting person\u2019s AML\/CFT programme? Category: Independent AML\/CFT Audit A reporting person\u2019s own (internal) review is a process that he\/she\/the compliance team (MLRO &#038; Compliance Officer) carries out to ensure that &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/www.fiumauritius.org\/fiu\/?ufaq=what-is-the-difference-between-a-reporting-persons-own-review-an-independent-audit-by-an-auditor-and-desk-based-onsite-inspections-by-the-regulatory-body-of-reporting-persons-aml\"> <span class=\"screen-reader-text\">What is the difference between a reporting person\u2019s own review, an independent audit by an auditor, and desk-based\/onsite inspections (by the Regulatory body) of reporting person\u2019s AML\/CFT programme?<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-4854","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.fiumauritius.org\/fiu\/index.php?rest_route=\/wp\/v2\/pages\/4854","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fiumauritius.org\/fiu\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.fiumauritius.org\/fiu\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.fiumauritius.org\/fiu\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fiumauritius.org\/fiu\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4854"}],"version-history":[{"count":13,"href":"https:\/\/www.fiumauritius.org\/fiu\/index.php?rest_route=\/wp\/v2\/pages\/4854\/revisions"}],"predecessor-version":[{"id":5243,"href":"https:\/\/www.fiumauritius.org\/fiu\/index.php?rest_route=\/wp\/v2\/pages\/4854\/revisions\/5243"}],"wp:attachment":[{"href":"https:\/\/www.fiumauritius.org\/fiu\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}