CIMA inspection readiness review
A focused review of your AML/CFT/CPF and sanctions programme ahead of a CIMA on-site inspection or desk-based review, so your board knows where it stands and what to fix first.
How CIMA will look at the new Rules
CIMA says it will assess compliance with the AML Rule through its risk-based supervisory approach: on-site inspections, desk-based reviews, thematic reviews and risk and compliance meetings, chosen according to the entity's risk profile (FAQs 3–4). CIMA expects your risk assessment to drive your audit arrangements, and it will look at whether their frequency and scope match your risks (FAQ 34).
What the review covers
- Whether your key documents are current, approved and consistent with both 2026 Rules
- AML officer designations and evidence of fitness
- Board minutes and AMLCO reports as evidence of oversight
- Your risk assessment and documented audit frequency
- A quick-test sample of files, screening and registers
- The status of previous audit and inspection findings
- How quickly you can produce records CIMA may request
What you receive
A concise, prioritised action list and a short briefing for the board and the people likely to meet the inspectors.
Frequently asked questions
Is a readiness review the same as an audit?
No. A readiness review is a focused check before a CIMA inspection or desk-based review. It does not replace the independent audit required under AML Rule 12.
How does CIMA supervise compliance with the Rule?
CIMA says it uses on-site inspections, desk-based reviews, thematic reviews and risk and compliance meetings, chosen according to the entity's risk profile (CIMA FAQs 3 and 4).
Preparing for a CIMA review?
Tell us your timetable and what CIMA has asked for. We will propose a focused readiness review.