Training
Relevant training is key to ensuring that your AML compliance program has a strong foundation. It is important that your staff understands the risks involved and how these risks impact their roles. Our advisors can supply you with the most up-to-date information and work with you to provide professional development programs tailored for any position or role within the financial sector, helping you meet the annual training standards.
FINTRAC exam assistance
We constantly monitor the ever-changing expectations placed on various financial entities by FINTRAC through regular authorized involvement in their examination processes. If you are scheduled for a FINTRAC examination, we can quickly deploy our team to attend the examination with you, analyze all relevant submissions, prepare your staff for interviews, arm you with the best responses to the results, and assist with remediation
Education on report submitting to FINTRAC
AML training is a crucial component of financial regulation and compliance, targeting the prevention of money laundering and terrorism financing. This training focuses on educating employees of financial organizations about the laws, regulations, and procedures necessary to identify and report suspicious financial activities. Our services offer a comprehensive range of AML compliance recommendations to help you stay current with evolving laws and regulations. These recommendations ensure that you can manage your compliance program more effectively and efficiently.
Education on AML Program implementation
AML training is instrumental to the function of financial regulation and compliance, helping combat money laundering schemes and stop terrorism financing. During training, employees of financial services organizations are educated about the laws, rules, and procedures designed to identify and report suspicious financial activity. We provide AML compliance recommendations based on our extensive experience, helping you stay current with changing laws and manage your training with enhanced effectiveness.
Education on KYB/KYC processes implementation
KYB (Know Your Business) and KYC (Know Your Customer) share similarities in terms of technology and procedures. While KYC is most commonly used in the banking, insurance, and finance industries, it is not exclusive to them, as it helps combat money laundering and identity theft, which pose significant risks. Performing KYC and KYB checks is mandated by law. AML rules and various regulations dictate the standard procedures that must be followed before conducting transactions with customers and businesses. All financial entities that carry out payment transactions are legally required to implement KYB procedures to verify any company they work with or transact money between.
Education on Sanctions/Peps/Adverse media checks
Regular updates to your sanctions and watchlist programs are crucial to maintain their effectiveness in swiftly identifying high-risk transactions involving individuals, entities, locations, and goods. At Regusafe, we offer comprehensive services to keep these programs current and efficient. Our team assists you in evaluating how well your programs address your entity's risks and obligations across all relevant jurisdictions, ensuring robust compliance and risk management.
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