Workshop B — How to Design, Implement, and Deliver an Effective AML Compliance Program that Measures Up to FINTRAC’s New Requirements
Andres Betancourt, CFCS, CAMS, CCI, CBE, FIS
Senior Manager, AML Solutions
Fraud Investigations, Anti-Money Laundering and Litigation
Grant Thornton LLP
Workshop(s) are offered In-Person only
While FINTRAC has been assessing REs’ most up-to-date compliance programs to ensure that they reflect the amended Regulations since last June 1, they will only begin ‘true’ examinations in April, whereby any noncompliance found will be cited as a deficiency under the PCMLTFA and be subject to follow-up or enforcement actions.
This workshop will provide guidance and practical advice on how to establish a defensible compliance program that makes the grade to avoid the risk of penalty.
- Assessing your compliance program against the new heightened expectations of FINTRAC
- How to strengthen your compliance controls and processes to bring them in line with the new regulatory regime
- How to adjust compliance program to meet design, application, and delivery requirements
- How to improve reporting standards to better justify risk-based decisions
- Effectively responding to facts, context and indicators
- Managing the increasing importance of documentation that can demonstrate due diligence