The changing regulatory landscape, means it is vitally important businesses continually maintain vigilance and oversight of AML/CTF frameworks. Current environment is marked by increased regulatory enforcement activity, changed interpretations in design of risk assessments, and readiness for tranche 2 implementation to incorporate obligations for new industry sectors and changes for existing industry sectors. Continual compliance ensures:

• reduction in long-term costs from continual compliance and improvement mindset.

• sustainability in business operations.

• opportunity to discover business efficiencies where operational activities intersect with regulatory obligations.

• Comfort in having a compliant and defensible position that can stand up to challenge.