Prevention of Money Laundering Act 2002 AML KYC Compliance Audit
This checklist covers compliance requirements under Factories Act 1948 and applicable Indian regulations for financial services operations. Non-compliance can result in regulatory penalties and operational suspension under applicable Indian law.
- Industry: Financial Services
- Frequency: Quarterly
- Estimated Time: 25-35 minutes
- Role: AML Compliance Officer
- Total Items: 20
- Compliance: Factories Act 1948, EP Act 1986, BIS Standards, State Regulatory Requirements
Regulatory Licences & Statutory Compliance
Verify all applicable Indian regulatory licences, registrations, and periodic returns are current.
- Are all applicable central and state regulatory licences, registrations, and permits current and displayed?
- Have all mandatory statutory returns and reports been filed with the relevant authorities on time?
- Is a designated compliance officer/manager appointed with documented responsibilities?
- Attach photo of regulatory licences, statutory returns, and compliance officer appointment:
Safety Inspections & PPE Compliance
Verify safety inspection currency, PPE provision, and training records.
- Are all mandatory safety inspections carried out by competent persons at required frequencies?
- Are workers provided appropriate PPE and trained in its correct use and maintenance?
- Number of open non-compliances from last inspection or audit:
- Attach photo of PPE issuance register, inspection records, and training certificates:
Emergency Preparedness & Statutory Registers
Verify emergency response procedures, drill records, and statutory register maintenance.
- Are emergency response procedures documented, practiced through drills, and records maintained?
- Are all statutory registers (accidents, dangerous occurrences, medical examinations) maintained correctly?
- Overall compliance with applicable Indian regulatory requirements:
- Attach photo of emergency drill records, statutory registers, and compliance certificates:
Previous Regulatory Findings & Action Tracking
Review prior regulatory findings, pending renewals, and supervisor acknowledgment.
- Have all findings from previous regulatory inspections, audits, and notices been resolved and verified?
- Is management aware of upcoming regulatory renewals and submissions in the next 90 days?
- Number of open compliance actions assigned from this inspection:
- Responsible Manager or Occupier certification of inspection:
Corrective Actions & Inspector Sign-Off
Document all deficiencies and assign corrective actions. POPProbe auto-assigns these to team members, generates a signed PDF report instantly, and tracks compliance status across all locations. -> Start free, no credit card required
- List all deficiencies identified in this inspection:
- Overall compliance status?
- Corrective actions assigned to (name and department):
- Inspector digital signature and date:
Related Financial Services Checklists
- RBI Payment & Settlement Systems Act 2007 FinTech PSP Compliance
- RBI NBFC Master Directions Compliance & Operations Audit Checklist
- Companies Act 2013 Section 135 CSR Policy & Spending Compliance Audit
- GST Annual Return GSTR-9 & GSTR-9C Reconciliation Compliance Audit
- SEBI Algorithmic Trading Circular Compliance Audit Checklist
- SEBI Annual System Audit & Cyber Resilience Framework Checklist
- RBI Master Direction Payment System Operators Security Compliance
- RBI Digital Lending Guidelines 2022 App & Platform Compliance Audit
Related Compliance Checklists
- SEBI LODR Regulations 2015 Listed Company Compliance Checklist - FREE Download
- Companies Act 2013 Secretarial Audit & ROC Compliance Checklist - FREE Download
- Foreign Exchange Management Act 1999 FEMA RBI Compliance Audit - FREE Download
- GST Registration & Returns Filing Compliance Checklist - FREE Download
- IRDAI Insurance Company Regulatory Compliance Annual Audit - FREE Download
- RBI Banking Operations Regulatory Compliance Annual Audit Checklist - FREE Download
- RBI Payment & Settlement Systems Act 2007 FinTech PSP Compliance - FREE Download
- RBI NBFC Master Directions Compliance & Operations Audit Checklist - FREE Download
- Companies Act 2013 Section 135 CSR Policy & Spending Compliance Audit - FREE Download
- GST Annual Return GSTR-9 & GSTR-9C Reconciliation Compliance Audit - FREE Download
Why Use This Prevention of Money Laundering Act 2002 AML KYC Compliance Audit?
This prevention of money laundering act 2002 aml kyc compliance audit helps financial services teams maintain compliance and operational excellence. Designed for aml compliance officer professionals, this checklist covers 20 critical inspection points across 5 sections. Recommended frequency: quarterly.
Ensures compliance with Factories Act 1948, EP Act 1986, BIS Standards, State Regulatory Requirements. Regulatory-aligned for audit readiness and inspection documentation.
Frequently Asked Questions
What does the Prevention of Money Laundering Act 2002 AML KYC Compliance Audit cover?
This checklist covers 20 inspection items across 5 sections: Regulatory Licences & Statutory Compliance, Safety Inspections & PPE Compliance, Emergency Preparedness & Statutory Registers, Previous Regulatory Findings & Action Tracking, Corrective Actions & Inspector Sign-Off. It is designed for financial services operations and compliance.
How often should this checklist be completed?
This checklist should be completed quarterly. Each completion takes approximately 25-35 minutes.
Who should use this Prevention of Money Laundering Act 2002 AML KYC Compliance Audit?
This checklist is designed for AML Compliance Officer professionals in the financial services industry. It can be used for self-assessments, team audits, and regulatory compliance documentation.
Can I download this checklist as a PDF?
Yes, this checklist is available as a free PDF download. You can also use it digitally in the POPProbe mobile app for real-time data capture, photo documentation, and automatic reporting.