AML/CFT Health Check & Compliance Audit UAE
Comprehensive evaluation of your AML/CFT compliance program to identify gaps, weaknesses, and opportunities for improvement
Get StartedWhy Conduct an AML Health Check?
Your AML/CFT compliance program may have been effective when implemented, but regulations evolve, businesses change, and new risks emerge. An AML health check provides an objective, independent assessment of whether your current framework remains fit for purpose.
Think of it as a compliance diagnostic—identifying what's working well, what needs attention, and where you might be exposed to regulatory or operational risk. Unlike a full regulatory audit, a health check is a collaborative, forward-looking exercise designed to strengthen your program before issues arise.
KIAA's health check service combines regulatory expertise with practical business insight to deliver actionable recommendations that enhance compliance effectiveness while remaining operationally realistic.
Comprehensive Health Check Areas
We evaluate every component of your AML/CFT compliance framework
Policies & Procedures
Review of policy manual completeness, accuracy, and alignment with current regulations and business operations.
Risk Assessment
Evaluation of risk assessment methodology, frequency, documentation, and integration into decision-making.
CDD Procedures
Assessment of customer due diligence processes, EDD triggers, ongoing monitoring, and record-keeping practices.
Screening Systems
Review of sanctions screening, PEP screening, adverse media checks, and ongoing monitoring effectiveness.
Transaction Monitoring
Evaluation of monitoring rules, alert management, investigation quality, and false positive rates.
SAR/STR Reporting
Assessment of suspicious activity detection, escalation procedures, reporting quality, and timeliness.
Record Keeping
Review of documentation standards, retention periods, accessibility, and data protection compliance.
Training Program
Evaluation of training content, delivery methods, frequency, record-keeping, and effectiveness measurement.
MLRO Function
Assessment of MLRO resources, independence, reporting lines, and access to senior management/board.
Our Health Check Methodology
A structured, risk-based approach to evaluating compliance effectiveness
Planning & Scoping
Define review scope, gather documentation, schedule interviews, and establish evaluation criteria based on your risk profile and regulatory requirements.
Documentation Review
Comprehensive review of policies, procedures, risk assessments, training materials, and compliance documentation against regulatory standards and best practices.
Systems Testing
Hands-on testing of screening systems, transaction monitoring tools, case management workflows, and reporting capabilities to assess operational effectiveness.
Sample Testing
Review sample customer files, transaction monitoring alerts, investigation reports, and SARs to evaluate quality and consistency of implementation.
Stakeholder Interviews
Discussions with MLRO, compliance team, frontline staff, and senior management to understand practical implementation and identify challenges.
Report & Recommendations
Detailed findings report with risk-rated observations, practical recommendations, and implementation roadmap to strengthen your compliance program.
What You Receive
Comprehensive reporting and actionable insights
Executive Summary
High-level overview of findings, key risks, and priority recommendations for board and senior management
Detailed Findings
Comprehensive analysis of each compliance area with specific observations and supporting evidence
Risk Rating
Issues categorized by severity (Critical/High/Medium/Low) to prioritize remediation efforts
Best Practices
Industry leading practices and regulatory expectations for each compliance component
Action Plan
Detailed remediation roadmap with timelines, ownership, and success metrics
Implementation Support
Follow-up consultation to discuss findings and assist with remediation planning
Frequently Asked Questions
Common questions about AML health checks
Ready to evaluate your compliance program?
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