AV Compliance Solutions offers a comprehensive assessment service designed to provide an in-depth evaluation of your compliance framework. This service encompasses all aspects of a compliance assurance review, supplemented by a detailed examination of your existing compliance infrastructure. The assessment includes benchmarking against industry best practices enhanced control environment testing, and more. Upon completion, you will receive an exceptions-based report that highlights key findings and areas for improvement.

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This review ensures that your internal compliance program adheres to current regulatory requirements, including National Instruments, Multilateral Instruments, IDPC Rules, PCMLTF Act, PIPEDA, and other relevant regulations. The process also benchmarks your practices against CSA Staff Notice guidance and IDPC best practices, identifies and addresses any gaps in your Compliance Policy and Procedures Manual, and conducts thorough internal control testing to establish a robust and effective compliance operation.

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Services Offered:

• Compliance Framework Assessment: Conducts a comprehensive review of your compliance infrastructure, including benchmarking against industry best practices and regulatory requirements, control environment testing, and staff interviews.

• Risk-Based Approach Cycle  (FINTRAC): A thorough review of the firm’s inherent risks, evaluating exposure to financial crimes such as money laundering and terrorist financing.

• Cybersecurity Evaluation: Comprehensive testing to identify vulnerabilities in your digital infrastructure and ensure compliance with regulatory expectations for cybersecurity.

• Third-Party Vendor Due Diligence: Assessment of your third-party vendor relationships to ensure compliance with contractual obligations and regulatory standards.

• Annual Compliance Reporting: Prepares a comprehensive Annual Chief Compliance Officer (CCO) Report summarizing key findings, recommendations, and action plans to meet regulatory requirements.

• Mock Regulatory Audit: The mock audit service incorporates comprehensive interviews, an evaluation of the firm's compliance culture, and an in-depth analysis of its internal controls. The findings are delivered to senior management, offering actionable insights to strengthen regulatory preparedness and compliance effectiveness.