The client is a Real Estate development and construction company. It operates across Canada and US with three main regional divisions that operate independently of each other.

Client's Challenge

This company needs to comply with new government legislation which would affect its Sales and IT departments. Current degree of compliance is unknown and company employees are not familiar with the new legislation. Furthermore, the new law affects two of the company’s divisions, which operate independently of each other and have different sales processes and procedures.

StraNexus' Approach
The approach included:

• Getting an in-depth understanding of the FINTRAC legislation changes that were coming into effect
• Conduct stakeholder interviews to understand current practices and identify gap areas for FINTRAC compliance
• Summarize findings of gaps and recommendations for addressing them
• Drafting training documentation on the new legislation to train staff and fill a compliance requirement

Results

Successful compliance to government legislation by required deadline

• Alignment of key stakeholders from Sales, Finance, and IT on legislation requirements, changes, and ongoing initiatives
• Successful implementation of a compliance training program

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