Know Your Compliance (KYC)

Most compliance officers see effectiveness reviews as a regulatory checkbox, but they can make or break a FINTRAC exam. Greg sits down with Rodney MacInnes from Outlier Compliance Group to break down the critical role of these reviews, how they reveal compliance gaps, and why expertise matters when conducting them. They discuss who should perform these reviews, why the cheapest option isn't always best, and how a proper review can help businesses avoid costly mistakes before FINTRAC gets involved.

Highlights:

1. Learn why effectiveness reviews are more than just a regulatory requirement.
2. Discover the common mistakes businesses make in compliance audits.
3. Understand the difference between meeting regulatory requirements and having an effective program.
4. Find out why expertise matters when selecting a reviewer and what credentials to look for.
5. Gain insights into how a strong effectiveness review can prepare you for a FINTRAC exam.

About the Guest: 

Rodney MacInnes is a seasoned financial compliance expert specializing in anti-money laundering (AML), counter-terrorist financing (CTF), fraud, and legislative compliance management (LCM). With experience across money services businesses (MSBs), mortgage companies, corporate trusts, transfer services, and financial institutions, he now consults across these industries and beyond. A Certified Anti-Money Laundering Specialist (CAMS) since 2011 and a graduate of Seneca College’s Financial Crime Analysis course, Rodney’s passion for compliance began when an early training session led him to a conversation about an FBI case, sparking his interest in the field. Known for his problem-solving skills and expertise in procedure creation, process alignment, and business integration, Rodney embodies the belief that “good compliance can enable good business.”

https://www.outliercanada.com/ 

https://www.linkedin.com/in/rodmacinnes/

Connect with Greg and ReallyTrusted at:

https://reallytrusted.com/

https://www.facebook.com/ReallyTrusted/

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