Financial Crime World

Canada’s Banking Sector Faces Growing Compliance Risks: Experts Gather at Flagship Conference

The 28th Annual Flagship Conference on Regulatory Compliance for Financial Institutions is set to address the growing number of compliance risks facing Canada’s banking sector.

Keynote Speaker and Agenda Highlights

  • Compliance Expectations from a Regulator’s Perspective: Donna Achimov, Deputy Director and Chief Compliance Officer of FINTRAC, will kick off the event with her keynote speech.
  • Industry leaders Marie Houde, VP and Chief Compliance Officer at Laurentian Bank, and David Parkatti, VP and Chief Compliance Risk Officer at Canadian Western Bank, will co-chair the conference.
  • Other prominent regulators scheduled to speak include:
    • Phillippe Pellerin of the Financial Consumer Agency of Canada
    • Michael Maguire of the Office of the Privacy Commissioner of Canada
    • Emiel-Johan van der Velden of the Canada Deposit Insurance Corporation

The agenda features timely topics, including:

  • Countdown to Open Banking in Canada: Explore the implications of open banking on financial institutions and compliance professionals.
  • Implications of the Cullen Commission Report on Anti-Money Laundering Regulations: Discuss the changes and challenges arising from the report’s recommendations.
  • Addressing the Ongoing Impacts of Russia Sanctions on Canadian Financial Institutions: Learn how to navigate the complexities of sanctions and ensure compliance.
  • Climate Risks, ESG Oversight, and Consumer Protection Frameworks: Address the growing concerns around climate risks, environmental social governance (ESG), and consumer protection.

Who Should Attend

This event is designed for:

  • Chief Compliance Officers
  • Risk Managers
  • Regulatory Delivery Officers
  • Compliance Professionals from financial institutions, insurance companies, law firms, and regulatory authorities

The conference offers a valuable opportunity to network with peers, learn from industry experts, and gain insights on how to mitigate risks and ensure compliance with evolving regulatory standards.

Live-Streaming Option

For those unable to attend in person, the conference will offer a live-streaming option, allowing participants to join the discussion remotely. With the growing complexity of financial regulations, this event is not to be missed for anyone working in the banking sector in Canada.