Best Practices for Partnering with Business Units

Strengthening the Culture of Compliance Across Your Organization through Effective Collaboration

November 21, 2023 1:00pm

Safiya Adenekan
Chief Compliance Officer - Canada
Cash App

Denise Carson
Chief Compliance Officer, BMO Asset Management Inc & BMO Investments Inc.
BMO Financial Group

Fara Sim-Francois
Chief Compliance Officer and Chief AML Officer
CITCO Bank Canada

Stephanie Mould
Head, Compliance and Privacy
Payments Canada

Kiran Thakkar
AVP - Individual Customer Compliance
Canada Life

Moderator:

Wayne Bolton
Principal, Compliance Canada
Edward Jones

Strengthening compliance across an organization requires a collaborative effort involving various stakeholders, especially business units that are directly involved in day-to-day operations. During this panel discussion, we will explore steps to effectively partner with business units to strengthen compliance. Discussion points for this panel will include:

  • Ensuring that all employees within the business units understand the importance of compliance and the potential consequences of non-compliance through training sessions, workshops, and materials that explain relevant laws, regulations, and company policies
  • Working closely with each business unit to identify specific compliance risks that are relevant to their operations
  • Encouraging a culture of compliance within each business unit
  • Working with business units to create streamlined processes that incorporate compliance requirements into their daily operations
  • Guidance on how to adapt to changes in relevant laws and regulations