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Monthly sample-based file quality assurance. Compliance draws a risk-based sample and tests each file against the standard control areas; the MLRO signs off the outcome and any remediation. Test areas follow the onboarding and screening procedures; findings are tracked to accountable owners and target dates.
Add a client file from the population to the 2026-Q2 sample. The file is drawn as Pending until a reviewer records a finding.
Risk-based draw for 2026-Q2. High-risk files are sampled every period; the remainder rotate to meet the coverage target.
Supported by the screening and source-of-funds procedure (file sampling) and the sanctions procedure (findings tracked to owners and target dates).
| Control area | Result | Note |
|---|---|---|
| CDD and KYB completeness | Pass | Meets standard. |
| Screening evidence, list version and timestamp | Pass | Meets standard. |
| Source of funds and source of wealth rationale | Pass | Meets standard. |
| Risk rating, including the iFAST floor | Pass | Meets standard. |
| Review frequency and next review date | Pass | Meets standard. |
| Escalation and approval quality | Pass | Meets standard. |
| Record keeping and timeliness | Pass | Meets standard. |
No exceptions. The file met every control area tested. No remediation required.