Nicolas W.R. Burbidge
Senior Director, AML and Compliance Division
Office of the Superintendent of Financial Institutions
NICOLAS W.R. BURBIDGE wasborn and educated in the United Kingdom. He completed his tertiary education inCanada by qualifying for membership in the London, England- based Institute ofChartered Secretaries and Administrators, of which he is a Fellow (F.C.I.S.). NickBurbidge is Senior Director, Anti- Money Laundering & Compliance Division,Office of the Superintendent of Financial Institutions Canada (OSFI), located at OSFI’s Toronto office. Hejoined OSFI in 1999 after a career with Royal Trust (now part of Royal BankFinancial Group), as Corporate Secretary, Director of Compliance, and othermanagement positions in Toronto and Montréal. Before joining Royal Trust, Nickheld positions in Montréal in several major corporations. OSFI is responsible for theprudential supervision of banks and all federally regulated financialinstitutions (FRFIs). Nick’s specialist team at OSFI is responsible forassessing Compliance and ML/TF risk management operations at FRFIs, includingthose of Canada’s strategically important banks and conglomerate life insurancecompanies, and of applicants for banking licences. OSFI works closely with the Departmentof Finance, the Financial Transactions and Reports Analysis Centre of Canada, lawenforcement and other key domestic and international agencies on mattersrelating to money laundering, terrorist financing, and sanctions. Nickrepresents OSFI on the Private/Public Sector Advisory Committee on Canada’sAML/CFT regime. Nick Burbidge is a member of the Canadiandelegation to the Financial Action TaskForce (FATF); has acted as a FATF financial assessor in the 3rdround evaluations of Germany and Spain; and more recently acted as a financialassessor for the 4th round mutual evaluations of Spain and the USA. Hehas made supervisory, training and other presentations on ML/TF risk supervisionacross Canada and internationally for the FATF and its regional bodies, as wellas the IMF and the World Bank, in the Caribbean, Asia, the Middle East andAfrica. Nick is also a regularcontributor to the annualInternational Symposium on EconomicCrime held at Cambridge University in England, and the annual WolfsbergForum in Switzerland.