Audit & Assurance Service
Maintaining robust compliance and operational integrity is critical for Small Payment Institutions (SPIs) operating under FCA supervision. Regular audit and assurance activities not only mitigate risk but also demonstrate to regulators that your firm has a proactive, structured approach to governance and compliance.
At ABM Global, we provide tailored audit and assurance services designed to help SPIs strengthen controls, manage risk, and maintain full compliance with FCA regulations. Our services are practical, risk-focused, and regulator-ready, ensuring your operations are continuously aligned with industry standards.
ABM’s Audit & Assurance Services Include
AML Audit
- Comprehensive review of your AML/CFT framework to ensure full compliance with FCA requirements.
- Assessment of customer due diligence (CDD) processes, transaction monitoring systems, and Suspicious Activity Report (SAR) procedures.
- Identification of gaps, actionable recommendations, and support in implementing corrective measures
Safeguard Audit
- Evaluation of client fund safeguarding mechanisms, ensuring segregation, reconciliation, and proper handling of customer monies in line with FCA rules.
- Review of processes, documentation, and controls to mitigate the risk of misappropriation or operational lapses.
Governance & Risk Management Audit
- Assessment of internal governance structures, board oversight, and risk management protocols.
- Review of operational controls, reporting lines, and compliance responsibilities to enhance firm-wide resilience and regulatory confidence.
Independent Internal AML Audit
- Objective, internal review of your AML program to verify the effectiveness of implemented controls.
- Identification of process inefficiencies, policy gaps, and emerging risk exposures.
- Preparation and support for external regulatory inspections, ensuring your firm is fully inspection-ready.