Knowledge Item Details


AML internal auditors urged to lift their game

Description: Internal auditors must boost the rigour of their audits of anti-money laundering compliance to successfully protect their organisations’ reputations and progress the fight against financial crime, says the Institute of Internal Auditors, Australia (IIA). “Internal auditors should be capable of performing a comprehensive, independent annual review of whether their company has a sound framework for managing its money laundering and terrorist financing (AML/TF) risks,” said Mr Joe Garbutt, IIA’s director policy.
Document:
Keywords: AML, anti-money laundering, financial crime, terrorist financing, internal auditing
Date Published: 23-Feb-2011 Resource Type: Media Release                Author/Publisher: IIA - Australia