With FINTRAC ramping up enforcement, now is the time to ensure your compliance programs not only meet regulatory requirements, but also mitigate risk and withstand scrutiny. This hands-on workshop, delivered through three interactive modules, will provide practical advice to establish a defensible program that avoids penalties. Key takeaways include:

Understanding the Hallmarks of an Effective Compliance Program

• Mastering techniques for effective record-keeping and documentation
• Addressing triggering activities to prevent oversights
• Testing compliance programs across different department
• Examining compliance failures to strengthen your approach

Aligning Compliance Programs with Evolving Regulatory Standards

• Adjusting your compliance program for design, application, and delivery requirements
• Managing the importance of documentation to demonstrate due diligence
• How to effectively respond to facts, context, and indicators
• Ensure your company’s compliance program has the correct controls in place to identify challenges

Improving Risk Assessment to Support Better Decision Making

• Identifying the Key Risk Indicators (KRls) and ensuring they are consistent
• Best practices for deploying risk assessments through comprehensive reporting
• Improving reporting standards to better justify risk-based decision