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Strengthening the Third Line of Defense


In recent years there has been significant emphasis on the role that audit plays in ensuring that firms have robust Anti-Financial Crime (AFC) controls.  This session looks to examine what is needed to drive up the role of an effective audit function; the importance of training and continued education, and the steps needed to future-proof the strength of audit.

Learning Objectives

  • Discussing the roles and responsibilities across the three lines of defense and the importance of the role of audit to strengthen AFC controls
  • Examining ways in which the results of AFC audits can significantly enhance the understanding and management of risks
  • Understanding the skills needed by AFC audit teams and the role of training and continuing education