Which types of documents are typically included in the Document Request List (DRL) for an AML audit?

In the context of an Anti-Money Laundering (AML) audit, the Document Request List (DRL) is focused on materials that illuminate how an organization is implementing its AML program. Policies and procedures related to the AML program are vital because they outline the internal controls, compliance strategies, and risk management frameworks designed to prevent money laundering activities. This documentation demonstrates the organization's commitment to adhering to legal and regulatory requirements.

By providing insights into the operational framework, these documents help auditors assess the effectiveness and adequacy of the AML measures in place, as well as the organization's ability to respond to potential money-laundering risks. They form the foundation upon which the audit evaluation is built, ensuring that the organization is not only compliant with regulations but also effectively managing its AML obligations.