Canada’s Compliance Officers Speak Out
When it comes to compliance with Canada’s anti-money laundering (AML) and anti-terrorist financing (ATF) rules, regulated entities labour under a significant burden. To understand the ways in which they are addressing these mandates, the National AML services team at Grant Thornton LLP recently conducted a survey of over 300 people working in compliance roles in entities regulated by the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA). While these respondents hold varying roles (see profile section below), we refer to them collectively here as compliance officers.
