Preparing for a FINTRAC Assessment

This presentation emphasized preparing for a FINTRAC assessment. The presenter outlined seven key sections, including definitions of money laundering and terrorist financing, the five pillars of an AML/ATF program, and the impact of new Canadian legislation. The presenter highlighted recent FINTRAC actions, against 2 Canadian banks. The presenter emphasized the importance of understanding FINTRAC's assessment methods, the National Inherent Risk Assessment, and the new Strong Borders Act, which could increase penalties significantly. The presenter also stressed the importance of using FINTRAC's assessment manual to ensure compliance.

Presentation Preview:

Want to learn more about this presentation? Click the video to the left to watch the first 3 minutes! Full presentation time: 1h 0m

How to Earn Your CE Credit?

This is a simple 3 step process 1. Watch the full presentation video 2. Complete all parts of the curriculum (listed below) 3. Click the Complete Course button at the end. Good news for you, is that there are no quizzes!

CE Credits provided by this presentation:

* FP Canada - 1 Financial Planning credit * MFDA - 1 Business Conduct Non-Ethics credit (in bundles) * Advocis - 1 IAFE Approved (Ethics) credit * CSI - 1 Compliance credit (in bundles) * FSRA - 1 FSRA Approved credit * ICS - 1 Life Insurance credit * ICM - 1 Life Insurance credit & acceptable to many other organizations.

Curriculum

1 Chapter · 5 Lessons

1
Preparing for a FINTRAC Assessment
1. (Included in full purchase)
  Introduction and Instructions
2. (Included in full purchase)
  The Rules Governing CE Credits
3. (Included in full purchase)
  Presentation Overview
4. (Included in full purchase)
  Presentation Video
5. (Included in full purchase)
  Presenter Resourses

About the Presenter: Mark Ambrose

Thirty-plus years in capital markets and banking provide Mark with a solid foundation to build practical operational solutions to challenging AML/ATF, Fraud, and FATCA/CRS regulatory compliance issues. Having held Chief Anti-Money Laundering Officer (CAMLO) and Chief Compliance Officer (CCO) roles both in Canada and internationally, Mark’s significant enterprise experience helps Canadian financial institutions (including credit unions), securities businesses, and mortgage lending businesses comprehensively and holistically manage regulatory compliance risk. During his seven-plus years in Canada, Mark has helped numerous Canadian financial institutions and securities dealers negotiate difficult Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) examinations, voluntary self-disclosures of non-compliance (VSDONC), post-examination remediations, and FINTRAC monitoring meetings.