In 2020 the first Bieenial (every two years) independent audits are due for phase 2 entities (Lawyers/Conveyancers, Accountants and Real Estate Agencies)
Accountants and Bookkeepers are due to complete their audits by 01 October 2020 and;
Real Estate agencies are due to complete their audits by 01 Jan 2021
If you are a reporting entity Section 59(2) of the AML/CFT Act requires you to audit your AML Programme and Risk Assessment every 2 years.
There are a number of considerations:
Formed in 2017 we have assisted a number of phase 2 entities in the development and execution of their AML/CFT Programmes and are now assisting entities with their audit commitments.
With thousands of entities requiring audits in 2020 and potential capacity issues to complete we recommend booking your audit time now to avoid this issue.
Once the audit has been completed a draft report will be provided for review and commentary. The audit findings will be discussed and if issues are found recommendations provided to remediate.
To take advantage of this offer either call 021926683 or email firstname.lastname@example.org we look forward to assisting you.