An AML program cannot be static. Regular internal and external audits are crucial to ensure its ongoing effectiveness. Audits assess whether your policies are being followed, your monitoring rules are correctly tuned, and your staff is properly trained. They identify gaps before a regulator does, allowing for proactive remediation. An audit provides objective assurance to management and stakeholders that the company’s compliance efforts are sound. This process should include testing the accuracy of your aml check procedures and the technology behind them.