Advanced Filters
10:55am - 12:10pm Eastern - October 31, 2018 | Room: Toronto Ballroom
Track: Concurrent Session
  • Understanding the evolution of FINTRAC’s Examinations and Administrative Monetary Penalties Programs
    • The assessment approach and methods FINTRAC uses during its examinations
    • Update on FINTRAC’s new approach for penalty calculations
  • Developing strategies to prepare for examinations including conducting process walkthroughs and performing detailed, sample-based effectiveness testing

  • Identifying key points in the new Cannabis Act, Bill C-45, such as the establishment of classes of registration including selling, transporting, distributing, delivering, testing, producing and advertising of cannabis
  • Understanding what marijuana legalization means for global cross-border transactions with the U.S. and other nations
  • Adapting risk assessments, transactional review policies and suspicious transaction monitoring programs to effectively manage the risks of the marijuana industry
  • Identifying marijuana challenges in varied provincial regulations, including a ban on home-grown cannabis

10:55am - 12:10pm Eastern - November 1, 2018 | Room: Toronto Ballroom
Track: Concurrent Session
  • Formalizing policies and operational controls for high-risk entities to mitigate risks linked to PEP exposure, cross-border transactions and beneficial ownership
  • Balancing automated surveillance screening systems for high-risk clients with data protection compliance
  • Interpreting current beneficial ownership and transparency requirements, including risk scoring and name scanning
  • Training staff to handle high-risk accounts from onboarding to enhance due diligence and beyond consistent with their financial institutions’ risk appetite
  • Integrating National Risk Assessment updates in policies and procedures

  • Assessing the unique risks, benefits and limitations associated with robotics, artificial intelligence, data analytics and machine learning tools
  • Formalizing retraining programs and developing a shared vision on the role of AML technologies to maximize value of automated processes
  • Understanding regulatory requirements for emerging technologies
  • Reviewing case studies when financial institutions successfully implemented regtech, automation and/or machine learning into compliance programs