More entities are now under FINTRAC’s reporting requirements, and enforcement expectations are rising. Ensure your compliance program can withstand regulatory scrutiny and avoid costly fines, especially as new sectors come into scope, and penalties become more public.

With a focus on what can be achieved with a small, mid-size, or large organization, this hands-on workshop, delivered through three interactive modules, will provide practical advice to establish a defensible program that avoids penalties. Key takeaways include:

Module One: Understanding the Hallmarks of an Effective Compliance Program

• Strengthening record-keeping and documentation so decisions are defensible
• Mapping triggering activities and escalation points to prevent oversights
• Testing compliance controls across departments and lines of business
• Learning from common compliance failures and how to remediate them quickly

Module Two: Aligning Compliance Programs with Evolving Regulatory Standards

• Updating your program design, application, and delivery to reflect current expectations
• Demonstrating due diligence through practical documentation and audit trails
• Responding to facts, context, and indicators in a consistent, risk-based way
• Covering beneficial ownership verification and discrepancy handling in day-to-day operations

Module Three: Improving Risk Assessment to Support Better Decision Making

• Building KRIs that drive action, not just reporting
• Calibrating monitoring and EDD based on risk assessment outputs
• Reducing false positives while improving STR quality
• Incorporating complaint information-sharing practices and privacy guardrails into workflows