Testing AML Controls Like an Auditor — Affiliation of Licensed Gaming Compliance Specialists

In at the moment’s evolving regulatory panorama, efficient Anti-Money Laundering (AML) controls are important—however merely having them in place isn’t sufficient. Organizations should be capable of reveal that their controls are well-designed and working successfully.

In this session, Sara Chambers from MNP will stroll by way of how auditors strategy AML management testing and what which means on your group. Attendees will achieve sensible insights into the best way to consider the energy of their AML frameworks, establish gaps, and put together for inner or exterior audits with confidence.

What you’ll study:

• How auditors assess AML controls for design and effectiveness

• Key testing methodologies and customary pitfalls

• Practical steps to strengthen your AML compliance program

• How to proactively establish and tackle management weaknesses

Speaker

Sara Chambers , CPA, CFE, CAMS, CFF

Partner, AML Regulatory Compliance and Forensics – Western Canada AML Leader

Sara manages MNP’s Anti-Money Laundering (AML) and Anti-Terrorist Financing (ATF) portfolio for Western Canada, and conducts forensic accounting and office misconduct investigations for a variety of private and non-private shoppers.Sara performs anti-money laundering compliance effectiveness evaluations to assist reporting entities meet their regulatory obligations. She helps shoppers handle their anti-money laundering dangers by offering reporting entities with assist in making ready their AML compliance packages, together with the event of coverage and procedures, danger evaluation, and coaching paperwork. She conducts remediation validation engagements in response to regulatory examination findings.She additionally plans, manages, and executes reality discovering investigations to supply her shoppers with strong data to make administration choices. She investigates conditions involving worker theft, dishonesty, misconduct, and different monetary irregularities.