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.
- 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