The federal government’s Compliance Regime comprehensively sets out the various responsibilities of each reporting entity to meet its legislative obligations.  Furthermore, these responsibilities also provide a framework for each compliance entity to organize its respective regime into a format that can be regularly reviewed and examined as to its ongoing applicability, thoroughness, and relevancy.  Consequently, each organization will have to ensure that the compliance regime is maintained, updated, and employees are informed of all additions, deletions, and modifications.

Recognizing that this can be a complex and time-consuming process, ABCsolutions has developed a service to ease the burden placed on the compliance officer and ensure a degree of comfort that all updates and changes are incorporated into the organization’s compliance regime. Each organization-specific Compliance Centre will be located on-line and available only to authenticated users from a designated client.

Some of the key features include:

• Each Centre is developed in consultation with the company’s compliance official.

• Content is presented in a user-friendly manner and reflects the requirements specific to each company's compliance needs.

• The Centre is accessible 24 hours a day/7 days a week by all authorized company personnel.

• Training can be Centre-based; however, to ensure standards are met across the company, a separate system for testing knowledge can be put into place.

• Each Centre contains materials associated with the client's specific compliance regime including: training modules; policy and procedure documents; relevant information resources (e.g., legislation, regulations, fact sheets); required company documents and record forms; suspicious transaction guidelines and preliminary report forms; guidelines for identifying terrorist property transactions; and much more.

• All materials are customized to the client's service lines and customer base.

• ABCsolutions staff will ensure the Centre is both current and updated as necessary.

• Each client will have money laundering and educational experts managing their Compliance Centre content and presentation format.

The cost of setting up a Compliance Centre for your organization is based on a one-time fee, with all future costs to expand the Centre at negotiated at the time of the client's request.  Each annual contract will include unlimited, simultaneous access by a contracted number of employees and managers.