PRIVATE AUDITING 

Discretion. Precision. Protection. 

In an increasingly complex financial world, high-net-worth individuals, families, and private trustees require not only confidentiality—but certainty. IFB Bank’s Private Auditing Service offers a refined, unobtrusive, and fully customised audit process designed to preserve integrity, ensure compliance, and illuminate every corner of a private financial structure. 

We understand that private wealth often spans jurisdictions, asset classes, and generations. Our audit approach is therefore holistic and highly adaptable, focused on ensuring that family offices, trusts, holding companies, and philanthropic vehicles maintain not only legal compliance but internal coherence. 

Our Private Auditing services include: 

• Trust and foundation audits across common and civil law jurisdictions
• Verification of asset holdings (including private equity, real estate, art, and digital assets)
• Beneficial ownership and control structure audits
• Internal family office process audits (with a focus on transparency and continuity)
• AML/KYC alignment and legacy risk identification

Your discretion is safeguarded. Your legacy is clarified. 

All engagements are governed by rigorous confidentiality protocols, with data security and sovereign privacy considerations embedded in every audit layer. The result: an unshakeable foundation of clarity and control for your wealth architecture. 

Hourly Audit Fee Schedule 

As part of our regulatory and fiduciary obligations, any documentation submitted for consideration—particularly involving financial instruments or pledged assets—is subject to a professional audit, which includes both verification (ascertaining authenticity) and validation (assessing legal and commercial enforceability). 

Please find below our prevailing audit tariff schedule: 

Specialist Services Covered (included where applicable): 

• Asset Verification: Authenticity check of bank instruments (SBLC, MTN, BG, etc.), SWIFT, Bloomberg, CSD, or custodian statements
• Validation: Legal standing of the instrument under applicable law, enforceability, and acceptance by regulated counterparties
• Provenance Analysis: Assessment of ownership chain, lien encumbrances, and origin of funds
• Transaction Structuring Review: Evaluation of compatibility with trade finance, monetisation, or repo mechanisms
• Regulatory Conformity: Screening against sanctions lists, OECD Annex II red flags, and applicable KYC/AML rules

Engagement Terms: 

• A minimum charge of €600 applies to any audit engagement.
• Fees may be invoiced in advance or progressively, based on scope and time required.
• For urgent matters requiring 48h turnaround or less, a 20% urgency premium may be added.
• For well-scoped engagements, a capped estimate can be provided on request.

Please note that the application of audit fees does not imply acceptance of the transaction or client relationship. All onboarding decisions remain subject to internal compliance, risk committee approval, and final management discretion.