I, Banyong Fonyam Jonie Jr., am a lawyer and expert in Anti-Money Laundering (AML) Independent Audit. I provide thorough, objective AML audits for financial institutions, businesses, and organizations seeking to assess the effectiveness of their anti-money laundering and counter-terrorist financing (AML/CFT) frameworks. My independent audits are designed to identify compliance gaps, minimize regulatory risk, and ensure that your AML program meets national legal requirements and global standards set by FATF and regional bodies such as GABAC or BEAC.
What Is an AML Independent Audit?
An AML Independent Audit is a critical component of a sound compliance program. It involves a comprehensive, impartial review of an organization’s AML policies, procedures, and controls to determine whether they are adequately designed, effectively implemented, and fully compliant with applicable laws and regulations.
AML audits are required or strongly recommended by regulators and international frameworks, including:
- The Financial Action Task Force (FATF) Recommendations
- CEMAC/BEAC AML/CFT Regulations
- OHADA Uniform Acts and national anti-money laundering laws
My AML Independent Audit Services
I deliver tailored, risk-based AML audits that go beyond checklist reviews. My approach is analytical, legally grounded, and practical:
1. Audit Planning & Risk Profiling
- Initial scoping discussions to understand your business model, size, and sector
- Customized audit plan based on your specific AML risk exposure
- Review of previous audits, regulatory reports, and internal assessments
2. Policy & Procedure Evaluation
- Critical review of AML/CFT policies, compliance manuals, and internal procedures
- Benchmarking your policies against legal and regulatory standards
- Testing for practical effectiveness and legal sufficiency
3. Customer Due Diligence (CDD) & KYC Review
- Evaluation of your client onboarding process
- Assessment of enhanced due diligence (EDD) for high-risk clients and politically exposed persons (PEPs)
- Review of recordkeeping and documentation standards
4. Transaction Monitoring & Reporting Controls
- Review of systems used to detect suspicious activities
- Testing internal processes for identifying and escalating red flags
- Evaluation of your Suspicious Transaction Reporting (STR) protocols
5. Staff Awareness & Training Review
- Assessment of employee training records and AML awareness levels
- Evaluation of how compliance culture is embedded across departments
- Recommendations for improvements in communication and enforcement
6. Detailed Audit Report & Remediation Plan
- Clear, regulator-ready audit report with findings and legal analysis
- Actionable recommendations to close identified compliance gaps
- Support in designing and implementing remediation strategies
Why Choose Me for Your AML Independent Audit?
✔️ Legal & Regulatory Expertise – As a lawyer, I bring not only compliance knowledge but also a deep understanding of applicable laws and regulatory expectations.
✔️ Truly Independent – I offer objective, unbiased audit services free from conflicts of interest.
✔️ Custom-Tailored – Each audit is adapted to your institution’s size, structure, and risk exposure.
✔️ Proven Track Record – I have audited AML programs across various sectors, including finance, fintech, real estate, and NGOs.
Who Needs an AML Independent Audit?
- Banks and Microfinance Institutions
- Fintech Companies and Payment Service Providers
- NGOs and Nonprofit Organizations
- Money Transfer Operators and Forex Bureaus
- Real Estate and Legal Service Providers
- Any entity regulated under AML/CFT laws
Prepare for Regulatory Scrutiny with Confidence
Whether you’re seeking to meet legal obligations, prepare for a regulator inspection, or improve your internal controls, my AML Independent Audit services offer the insight and assurance your business needs.