Testing AML Controls Like an Auditor

In today’s evolving regulatory landscape, effective Anti-Money Laundering (AML) controls are critical—but simply having them in place isn’t enough. Organizations must be able to demonstrate that their controls are well-designed and operating effectively.

In this session, Sara Chambers from MNP will walk through how auditors approach AML control testing and what that means for your organization. Attendees will gain practical insights into how to evaluate the strength of their AML frameworks, identify gaps, and prepare for internal or external audits with confidence.

What you’ll learn:

• How auditors assess AML controls for design and effectiveness
• Key testing methodologies and common pitfalls
• Practical steps to strengthen your AML compliance program
• How to proactively identify and address control weaknesses

Speaker

Sara Chambers , CPA, CFE, CAMS, CFF

Partner, AML Regulatory Compliance and Forensics – Western Canada AML Leader

Sara manages MNP’s Anti-Money Laundering (AML) and Anti-Terrorist Financing (ATF) portfolio for Western Canada, and conducts forensic accounting and workplace misconduct investigations for a wide range of public and private clients.Sara performs anti-money laundering compliance effectiveness reviews to help reporting entities meet their regulatory obligations. She helps clients manage their anti-money laundering risks by providing reporting entities with support in preparing their AML compliance programs, including the development of policy and procedures, risk assessment, and training documents. She conducts remediation validation engagements in response to regulatory examination findings.She also plans, manages, and executes fact finding investigations to provide her clients with solid information to make management decisions. She investigates situations involving employee theft, dishonesty, misconduct, and other financial irregularities.