AML GOVERNANCE
Good governance is essential for maintaining a consistent and effective AML Compliance Program.
Our Governance experts understand regulatory compliance as a whole and not just AML, so they also know:
which issues are most important to your regulators, not just FINTRAC,
when concerns with your AML Compliance Program (for example, a weak or inadequate risk-based approach) may indicate wider governance issues, and
how to optimize your governance framework to meet AML and other compliance objectives.
Governance is especially important to consider when you are, for example:
a provincially or federally regulated financial institution that needs to align its risk-based approach with an overall risk appetite,
a securities dealer that wants to leverage existing client risk assessment and best interest practices to meet your AML governance obligations, or
a global firm adapting a risk governance framework developed in another jurisdiction for use in your Canadian activities
Contact us today to ensure your compliance program and governance framework work efficiently and effectively to protect your business and keep you out of hot water with your regulatory stakeholders.
KEY CONTACTS
Michael Ecclestone - Governance, Risk and Compliance Leader
michael@theamlshop.ca
LinkedIn
Michael is Governance, Risk and Compliance Leader at The AML Shop, with over 20 years of experience in financial sector risk, regulatory compliance and legislation as an advisor, an executive, a regulator and a practicing lawyer. Read More
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