Risk Assessment & Auditing

We at Compliance Central present and provide a comprehensive industry focused risk review and assessment of all core procedures. Let us worry about all the acronyms.

Our procedures are designed to facilitate management’s ability to identify, assess and manage the organizational risks that affect their ability to accomplish objectives. We utilize facilitated risk and control self-assessment techniques to help management understand the relationships between objectives, risks and control activities. By performing these steps, we determine any risk, we access the controls in place in all environments which caters to both design and operating effectivness and locate any residual risk.

Our Risk Assessments are far more than the current industry best practices. We look beyond the normal and report all components from start to finish. Our fact-based findings provide guidance concerning the assessment of the risks and of any material misstatement in financial statements; and our unique agility brings performance of audit procedures whose nature, timing, and extent are responsive to the assessed risks and areas requiring attentive measures. Many companies continue to struggle with effective and efficient execution of the Risk Assessment Standards.

Our Services include;
(1) Financial Reviews
(2) Independent Testing
(a) Testing company's BSA/AML compliance program (b) Internal Controls (c) Operational (internal & external) environment Assessments (d) test BSA Compliance Officer (e) BSA-AML Compliance Reviews (f) Risk based Audits (g) Enterprise continuing Training (h) Board Supervision
(3) Customer Validation (KYC, CIP, CDD, EDD), Verification with Data Analysis and Risk Determination thru Due Diligence steps
(4) Beneficial Ownership Reviews
(5) Activity Reporting, documentation and submission validations
(6) Record Keeping validation testing
(7) Sanctions-Related Risk Assessments
(8) Correspondent Account Relationship Due Diligence
(9) OFAC Framework Testing & Assessments
(11) PEP Assessments
(12) Regulatory Requirements
(13) Information Technology Audits
(14) Other operational reviews, assessments and audits

For more information, please visit www.ujaconnect.net