What does Audit & Assurance Services for AEMIs include?

Services typically include independent AML/CTF audits, safeguarding audits, process & control evaluations, governance and risk management assessments, gap analysis, and remediation planning.

Why is a safeguard audit important for AEMIs?

Because AEMIs handle electronic money, they must protect customer funds properly. A safeguard audit ensures that internal controls, reconciliations, fund segregation, and oversight mechanisms effectively protect those funds.

What is assessed during a governance & risk management audit?

Governance & risk audits examine aspects like board oversight, ownership structure, risk governance frameworks, internal control systems, escalation procedures, and decision-making structures.

How is gap analysis conducted and what comes after it?

Gap analysis compares your current operations and controls to regulatory expectations and best practices, identifies areas where you are non-compliant or weak, and then a remediation plan is created to address those gaps with specific steps, timelines and responsibilities.

Who should receive the findings from audit and assurance services?

Typically senior management, board members or oversight committees, the compliance and risk teams, internal audit, and any stakeholders who are responsible for implementing remediation or changes.

Audit & Assurance Services | AEMI Compliance Audits

Audit & Assurance Services

ABM Global provides a full suite of audit and assurance services for Authorised Electronic Money Institutions (AEMIs), ensuring regulatory compliance, operational integrity, and effective risk management. Our audits are designed to assess internal controls, strengthen governance, and prepare your institution for FCA inspections and ongoing compliance obligations.

Our audit services include

AML Audit

A comprehensive evaluation of AML/CTF compliance, including customer due diligence, ongoing monitoring, and reporting obligations, ensuring alignment with MLR 2017 and EMR standards.

Safeguard Audit

Verification of safeguarding practices for client funds, ensuring appropriate segregation, daily reconciliation, and safeguarding account integrity in line with FCA and EMR rules.

Governance & Risk Management Audit

Independent review of board oversight, committee operations, and the firm’s risk appetite to evaluate control effectiveness, decision-making, and organisational resilience.

Independent Internal AML Audit

Internal assessment of AML framework readiness, reporting channels, suspicious activity escalation, and training sufficiency—ensuring proactive AML compliance.