A first-of-its-kind survey on Canadian compliance professionals conducted by Grant Thornton finds significant weaknesses in the AML compliance practices of Canadian companies. The findings reinforce the need for Canadian companies to review and enhance their AML compliance program.
According to a survey of 302 Canadian AML and compliance practitioners, many compliance staff are not consistently visiting their overseas locations and rarely tailor their AML training programs to the specific needs of different groups, particularly their senior management and boards. Jennifer Fiddian-Green, national leader of forensic investigation at Grant Thornton, said the survey marks “the first time that the collective voice of Canadian AML compliance professionals has been captured.”
