The Canadian Anti-Money Laundering Institute
PO Box 427
Merrickville, Ontario
K0G 1N0
Canada

Telephone:(613) 283-9659
FAX:(613) 526-9384
E-Mail: contactus@camli.org

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28.01.2015A
Effectiveness Testing the Compliance Regime: Enhancing Your Skills - New CAMLI Training program
FINTRAC Guideline 4: Implementation of a Compliance Regime identifies five elements that must be in place to meet legislative requirements under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and its supporting Regulations. These five compliance regime elements are key to any effective system of internal controls. A well-designed, applied, and monitored regime will provide a solid foundation for compliance with the legislation.

This course has been developed to assist those tasked with undertaking a legislated Compliance Review (effectiveness testing) to develop, manage, and operationalize that Review --- whether they are carrying out the Review directly, or have delegated that responsibility to another individual or team of individuals, or are overseeing an external consultant.

Additionally, this course stresses the importance of treating risk as part of a greater whole and not as a stand alone element separate from the other four compliance regime elements. All compliance elements must focus on internal controls to minimize the risk of loss resulting from inadequate or failed internal processes, controls, products, geography, people, or from external events.
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