Sampling for Risk Assessment Monitoring and Testing


TCAE is excited to bring back Saad Kiyani, Head of Canadian Regulatory Testing of BMO Financial Group with us to be hosted and moderated by our founder, Souzan Esmaili.

In this Knowledge Series session, Saad will discuss sampling for Monitoring and Testing and how to build sampling that makes sense without breaking the bank or your back!

One of the key points in order to have a smooth Monitoring and Testing process is to build a great sampling structure. Although this could sound simple, sampling is a work of art! In this session Saad will help us understand different layers of sampling and their differences in order to achieve a  better result in the Monitoring and Testing process. 



  • When statistical significance might make sense
  • How to build layers of sampling to get better results
  • The different options for sampling (location, account type, quantitative measures, etc) and examples of how to use them



Saad Kiyani | Head of Regulatory Compliance Testing, BMO

Saad (rhymes with Todd) currently oversees second line testing for all of BMO’s Canadian business units. Saad has 15 years of progressive compliance experience, moving through retail banking, corporate areas compliance, AML, and testing (including site audits).



Souzan Esmaili | Founder, TCAE

Souzan has over 16 years of international experience in consultancy and training with a focus on Regulatory Compliance, Anti-Money Laundering, Anti-Bribery and Corruption, and RegTech. She worked for various financial institutions and consultancies in Dubai and Toronto.

In 2019, when Souzan moved to Canada, she created TCAE with a passion to help, educate and empower Compliance & AML professionals around the world. She gained her first Canadian job experience by working as a subject matter expert on Anti Bribery & Corruption Program for Wells Fargo’s Canada and Latin America regions.

Prior to moving to Canada in 2019, Souzan worked for various financial institutions and consultancies. In her last role as a senior consultant, she assisted her clients to understand their compliance needs, advised on meeting regulatory requirements, and managed a multitude of remediation projects. She has acted as an Authorized Individual in the capacity of Compliance Officer and MLRO for a number of firms regulated by the Dubai Financial Services Authority (DFSA).

In October 2019, Souzan created TCAE with a passion to help the AML and Compliance professionals to connect and inform them of relevant events based in Toronto. In March 2020, Souzan launched The Knowledge Series where she brings international industry experts and thought leaders to share their knowledge and experience with the AML and Compliance professionals around the world.