At Eminent Global Compliance,
we specialise in helping Money Service Businesses (MSBs), including money
remittance and exchange firms, prepare thoroughly for HMRC audits and
inspections. Our goal is to ensure you meet all requirements under the Money
Laundering Regulations (MLR) and avoid costly penalties, warnings, or
operational disruption. ✅ What We Offer 1.
Comprehensive Documentation Review
We assess your internal compliance files to ensure they meet HMRC expectations.
This includes:
- AML
and CTF policy and procedures
- Customer
Due Diligence (CDD) records
- Enhanced
Due Diligence (EDD) cases
- Transaction
logs and recordkeeping systems
- Staff
training records and audit trails
2.
Compliance Gap Analysis
We carry out a full compliance health check, identifying weaknesses or missing
documentation that could raise red flags during an HMRC visit. We provide a
clear, actionable report with recommendations. 3. Risk
Assessment Validation
We review your Business-Wide Risk Assessment (BWRA) and ensure it
reflects your current customer base, services, and delivery channels—key
criteria HMRC examines during audits. 4. Mock
Interview & Onsite Preparation
We prepare your team for HMRC questioning through simulated interviews and
walkthroughs of common inspection questions. This builds staff confidence and
ensures consistency in responses. 5. Agent
& Sub-Agent File Review
If your business operates through agents, we assist in reviewing and updating
agent files, ensuring proper onboarding records, ID checks, and ongoing
monitoring procedures are in place. 6. Filing
& Registration Check
We ensure your MLR registration with HMRC is up to date and assist in
refreshing any expired or lapsed documentation, including ICO registration
and Company Risk Assessments. 7.
Post-Audit Support (if needed)
In case HMRC raises any findings during the audit, we assist in drafting
responses, implementing corrective actions, and communicating with regulators
as needed. 💡 Why It Matters HMRC has the authority to impose
significant penalties, restrict trading, or even revoke MLR registration for
non-compliance. Our audit preparation service helps you:
- Avoid enforcement actions or reputational
damage
- Improve internal AML controls and systems
- Meet legal and regulatory requirements
confidently
- Show HMRC that your business takes compliance
seriously
Whether your audit is scheduled or
unexpected, Eminent’s compliance experts will guide you every step of
the way—ensuring you're well-prepared, well-documented, and well-defended.
Let us help you turn audit
readiness into a business strength. |