Du Plessis, Danie E.2014-09-012014-09-012014-04-242013Modisagae, T 2013, The Role of internal audit in the Independent review of anti-money laundering compliance in South Africa, MPhil dissertation, University of Pretoria, Pretoria, viewed yymmdd<http://hdl.handle.net/2263/41829>F14/41314/gmhttp://hdl.handle.net/2263/41829Dissertation (MPhil)--University of Pretoria, 2013.The dilemma of money laundering is an undeniable problem faced by many institutions all over the world. Due to its prevalence, the need for organisations to deal with the problem has become a global priority, regardless of the size of the financial institutions. Despite the compliance AML efforts undertaken by various institutions, AML compliance appears to be a daunting challenge, the question posed by this research is whether there is a need for independent anti-money laundering (AML) compliance reviews, given the invasive nature of money laundering in financial institutions. Secondly, the research addresses the question of who is well positioned to perform the independent AML compliance reviews. In addressing the second question, the research will discuss why internal audit is an invaluable resource in terms of risk management processes and the reasons why they are an integral part of the AML solution.en© 2014 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria.AuditingAnti-money laundering complianceAML compliance reviewsAnti-money laundering risk-based approachCompliance riskFinancial institutionsFICAInternal auditingIndependent AML reviewsMoney launderingUCTDMini Dissertation