KYC (includes Video KYC)/ AML Audits
Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance form the foundation of financial sector governance and customer due diligence. With RBI and global FATF guidelines, banks and NBFCs must ensure stringent onboarding processes, identity verification, and monitoring of suspicious transactions.
Independent KYC/AML audits, including Video KYC processes, provide assurance that institutions are adhering to regulatory norms, preventing fraud, and safeguarding against money laundering and terrorist financing risks.
About This Service
Our KYC/AML audit services are designed to help financial institutions strengthen compliance with RBI, SEBI, and international AML standards. We conduct detailed reviews of customer onboarding processes, documentation, and periodic KYC updates.
We also evaluate Video KYC systems, verifying whether they meet prescribed RBI requirements regarding customer identification, liveness checks, data security, and audit trails. This ensures that digital onboarding is compliant and secure.
AML reviews focus on transaction monitoring, suspicious activity reporting (SAR/STR), threshold tracking, and effectiveness of internal escalation mechanisms. We assess whether institutions have robust systems to identify and mitigate high-risk transactions.
By providing independent assurance, we help banks, NBFCs, and intermediaries minimize regulatory risks, avoid penalties, and build a strong reputation for compliance and integrity.
Key Features / Scope of Work
- Review of KYC onboarding, documentation, and periodic updates.
- Evaluation of Video KYC compliance with RBI requirements.
- Testing adequacy of identity verification, liveness checks & data storage.
- Assessment of AML systems, including transaction monitoring & STR/SAR filing.
- Verification of compliance with RBI, SEBI, and FATF guidelines.
- Review of customer risk categorization and enhanced due diligence.
- Gap analysis of internal policies vs. regulatory expectations.
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