Workshop B — FINTRAC Preparedness: How to Design and Deliver an AML Compliance Program that Measures Up to FINTRAC Requirements

Jun 6, 2023 1:30pm – 05:00 PM

Rebecca Ip, CPA, CA, CFF, CAMS – Audit
Partner, Forensic & Financial Crimes Services

Asad Rauf
VP & Chief Compliance Officer
SBI Canada Bank

*Workshop is offered In-Person only.

While FINTRAC has been assessing up-to-date compliance programs to ensure that they reflect amended Regulations, they only recently launched ‘true’ examinations, whereby any noncompliance found will be cited as a deficiency under the PCMLTFA and be subject to follow-up or enforcement actions.

This deep-dive 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.

During this workshop, we will explore:

  • Aligning your compliance controls and processes with the new regulatory regime
  • Adjusting your compliance program for design, application, and delivery requirements
  • Improving reporting standards to better justify risk-based decisions
  • Managing the increasing importance of documentation to demonstrate due diligence
  • How to effectively respond to facts, context, and indicators
  • Next steps and what to do if you have received a request from FINTRAC
  • Preparing for FINTRAC examinations and responding to information requests

Includes a 30-minute networking luncheon (12:30 – 1:30 pm ET)