Best Practices for Partnering with Business Units
Strengthening the Culture of Compliance Across Your Organization through Effective Collaboration
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
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