COURSE GUIDES:

1. Compliance Program Requirements:

• Appointed Compliance Officer:
  • Designate a Compliance Officer responsible for overseeing and enforcing compliance policies and procedures. The Compliance Officer should have adequate authority and independence within the organization.
• Risk Assessment:
  • Conduct regular risk assessments to identify, evaluate, and mitigate potential risks associated with clients, transactions, products, services, and geographical locations. Update risk assessments periodically to adapt to evolving risks.
• Ongoing Compliance Training Program and Plan:
  • Establish a comprehensive and ongoing training program for employees. This program should cover AML/CTF policies, customer due diligence procedures, identification of suspicious activities, and reporting obligations. Regularly update training materials to reflect changes in regulations.
• Two-Year Effectiveness Review and Plan:
  • Conduct a thorough two-year effectiveness review, which includes evaluating the efficiency of policies and procedures, risk assessment, and the training program. Based on the review, develop a detailed plan to address any identified deficiencies and enhance the compliance framework.

Adhering to Compliance Policies and Procedures Statement

At Leduc Beck Antiques & Jewellery, our commitment to regulatory compliance and ethical conduct is paramount. To ensure the integrity of our operations and maintain transparency with our stakeholders, our compliance policies and procedures are designed and maintained in accordance with the following principles:

• Accessibility:
  • Our compliance policies and procedures are written in a clear and understandable language to ensure accessibility to all employees and stakeholders. We are dedicated to providing training and support to help our team comprehend and adhere to these policies effectively.
• Timely Updates:
  • We recognize the dynamic nature of regulations and the evolving landscape of our business. As such, our compliance policies and procedures are kept up to date. This includes promptly incorporating changes in legislation, internal processes, or any other modifications necessitated by external or internal factors.
• Approval by Senior Officer:
  • All our compliance policies and procedures are subject to approval by a senior officer within our organization. This ensures that the policies are in alignment with our organizational goals and that they reflect the ethical standards and legal obligations we uphold.

We are committed to fostering a culture of compliance within our organization. If you have any questions regarding our compliance policies and procedures, please do not hesitate to reach out to our Compliance Officer or designated personnel.

By adhering to these principles, we reinforce our dedication to maintaining the highest standards of compliance, ethics, and accountability within Leduc Beck Antiques & Jewellery.

Leduc Beck Antiques & Jewellery

Oct 23 2023