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Pre-Conference Workshops

Workshop A — How to Plan, Prepare & Manage for a FINTRAC Exam or Penalty: A Practical Guide to FINTRAC Examination Preparedness

Jun 14, 2022 9:00am – 12:30pm

Speakers

Amber D. Scott
CEO & Founder
Outlier Compliance Group

Ivan Zasarsky
Financial Crime Practice Leader
PwC Canada

Workshop B — How to Design, Implement, and Deliver an Effective AML Compliance Program that Measures Up to FINTRAC’s New Requirements

Jun 14, 2022 1:30pm – 5:00pm

Speakers

Andres Betancourt, CFCS, CAMS, CCI, CBE, FIS
Senior Manager, AML Solutions
Scotiabank

Jennifer Fiddian-Green
Fraud Investigations, Anti-Money Laundering and Litigation
Grant Thornton LLP

Day 1 - Wednesday, June 15, 2022

8:00
Networking Breakfast and Registration
9:05
Producer’s Welcome
9:10
Opening Remarks from the Co-Chairs
9:15
Opening Keynote with Sarah Paquet
9:45

GUIDANCE FROM FINTRAC

Upcoming Assessment Priorities and Compliance Expectations
10:40
Morning Coffee Break
11:10
Identifying and Mitigating Growing AML Threats Posed by Cryptocurrency
12:10
Networking Luncheon
1:25
Navigating the Ever-Changing Russia Sanctions Web
2:15
Networking Break
2:45
Common Missteps and Key Continuous Improvement Areas for Regulated Companies to Achieve Compliance Controls
3:45

CREATIVE NEW AML RISKS

How to Detect New Schemes of Money Laundering Practices
4:45
Closing Remarks and Conference Adjourns to Day 2

Day 2 - Thursday, June 16, 2022

7:30
Networking Breakfast and Registration
8:25
Opening Remarks from the Co-Chairs
8:30

SPOTLIGHT ON THE CULLEN COMMISSION REPORT

Key Takeaways of Recommendations: View from the Government
9:30
How to Leverage Emerging AML Analytics & Technologies: AI, Machine Learning
10:30
Morning Coffee Break
10:45
Keynote Fireside Chat with Kevin O’Connor
11:15
Analysis of Cullen Recommendations: Preparing for the Impact of the Report
12:05
Networking Lunch
1:05

COMBATTING THE CONVERGENCE OF ECONOMIC CRIME

Effective Practical Approaches to Breaking Down Silos Between Cyber, Fraud and Financial Crime Operations
1:55

FINANCE CANADA – FINTRAC – RCMP ROUNDTABLE

Collaborative Approach to Combatting AML
2:55
Networking Break
3:10
Managing the Unique Challenges of Beneficial Ownership, KYC and ID Verification Obligations
4:00
Mitigating Digital Banking AML Risks
4:45

GROWING ROLE OF PUBLIC-PRIVATE PARTNERSHIPS

Implications for Reporting Entities
5:30
Closing Remarks and Conference Concludes

Day 1 - Wednesday, June 15, 2022

8:00
Networking Breakfast and Registration
9:05
Producer’s Welcome
9:10
Opening Remarks from the Co-Chairs

Garry W.G. Clement, CAMS, CFE, CFCS, FIS, CCI
Chief Compliance Officer
VersaBank

Rosalind Laruccia
AVP Internal Audit, Enterprise Risk & Corp. Functions, Former AVP Financial Crimes & Reg. Risk
Laurentian Bank of Canada

9:15
Opening Keynote with Sarah Paquet

Sarah Paquet
CEO & Director
FINTRAC

9:45

GUIDANCE FROM FINTRAC

Upcoming Assessment Priorities and Compliance Expectations

Guillaume Giguère
Compliance Manager, Enforcement (Penalties and Non-Compliance Disclosures)
FINTRAC

Joseph Dixon, CAMS
Compliance Manager
FINTRAC

In this session, hear directly from FINTRAC about the latest information on the compliance assessment priorities and receive insight into examination trends and the new follow-up activities.  The session will also cover some of the larger projects that are on the horizon for FINTRAC.

  • Latest information on the compliance assessment priorities
  • Key FINTRAC examination trends and compliance expectations
  • Latest information on the various follow-up activities following an examination
  • What is on the horizon?

10:40
Morning Coffee Break
11:10
Identifying and Mitigating Growing AML Threats Posed by Cryptocurrency

Charlene Cieslik
Chief Compliance Officer
Localcoin

Mitchell A. Flagg
Crown Counsel
Serious Fraud Office (Ontario) – Prosecution Division

Moderator:

Cody Cavaliere, CAMS, CRC, CCI, CBP
Independent Consultant
Bitcomply Consulting

  • Practical approaches to managing crypto risks: best practices for examination of suspicious indicators and typologies
  • How to address AML challenges in servicing crypto exchanges: mitigating money laundering exposure associated with virtual currencies
  • Understanding the implications of latest regulatory guidance for these products: key elements of an effective cryptocurrency investigative process
  • How to effectively monitor the increased use of cryptocurrency to evade sanctions

12:10
Networking Luncheon
1:25
Navigating the Ever-Changing Russia Sanctions Web

Stephen Alsace, LLB, JD
Global Head of Economic Sanctions
RBC

John Boscariol
Partner
McCarthy Tetrault LLP

  • Overview of sanctions imposed in response to Russia’s invasion of Ukraine
  • Interaction of the “coordinated” sanctions measures of Canada, the US, UK, and EU
  • Challenges in dealing with sanctions enforcement authorities
  • Sanctions evasion and other key issues from an AML perspective
  • Newly proposed measures for forfeit and sale of sanctioned persons’ assets

2:15
Networking Break
2:45
Common Missteps and Key Continuous Improvement Areas for Regulated Companies to Achieve Compliance Controls

Karen Creen
Deputy AMLRO & Director, AML Governance
BMO Financial Group

Andres Betancourt, CFCS, CAMS, CCI, CBE, FIS
Senior Manager, AML Solutions
Scotiabank

Vladimir Shatiryan
Partner
Blakes LLP

Moderator:

Rosalind Laruccia
AVP Internal Audit, Enterprise Risk & Corp. Functions, Former AVP Financial Crimes & Reg. Risk
Laurentian Bank of Canada

Ever-evolving AML compliance obligations that are growing increasingly technical and complex, have heightened the risk of compliance missteps resulting in burdensome investigations, onerous penalties and irreparable damage to reputation.
In this session, leading industry insiders will explore common missteps made by reporting entities and offer practical advice and proven techniques on how to shore up continuous improvement areas to help you achieve effective compliance controls.

  • Key AML compliance missteps that land companies in hot water and strategies to reduce potential AML violations
  • Practical assessment techniques to pinpoint strengths and weaknesses in your institution’s compliance program
  • Key components in the development and implementation of a robust and clearly articulated financial
  • crime compliance governance framework

3:45

CREATIVE NEW AML RISKS

How to Detect New Schemes of Money Laundering Practices

Jill Keays
Intelligence Analyst, Federal Policing – Financial Crime
Royal Canadian Mounted Police

Kevin deBruyckere, CAMS
Director, AML & Investigations
BCLC

Rob Vingerhoets, CFCI
Detective Constable – Proceeds of Crime Section, Financial Crimes Unit
York Regional Police

Moderator:

Derek Ramm
Director, Anti-Money Laundering
The Alcohol and Gaming Commission of Ontario

In this session, with a spotlight on real estate, gaming, and money service business activity, leading experts, including law enforcement officials on the front line, will examine the latest AML and financial crimes schemes being used by criminals and provide insight into how to identify and mitigate these emerging risks.

  • Analyzing latest financial crimes typologies
  • Practical advice on what to watch for and how to respond to plug holes in your compliance program that permit illicit transactions to proceed undetected

4:45
Closing Remarks and Conference Adjourns to Day 2

Day 2 - Thursday, June 16, 2022

7:30
Networking Breakfast and Registration
8:25
Opening Remarks from the Co-Chairs

Garry W.G. Clement, CAMS, CFE, CFCS, FIS, CCI
Chief Compliance Officer
VersaBank

Rosalind Laruccia
AVP Internal Audit, Enterprise Risk & Corp. Functions, Former AVP Financial Crimes & Reg. Risk
Laurentian Bank of Canada

8:30

SPOTLIGHT ON THE CULLEN COMMISSION REPORT

Key Takeaways of Recommendations: View from the Government

Brock Martland, QC
Senior Commission Counsel
Cullen Commission of Inquiry into Money Laundering in BC

Jeff Simser
Legal Director
Ministry of the Attorney General (Ontario)

James Cohen
Executive Director
Transparency International Canada

The Cullen report findings will have a ripple effect across all provinces and right into Federal Cabinet – and will be impactful into the shaping of the Canadian Financial Crime Agency. Hear cutting-edge commentary on the recommendations and implications for government and future AML regulation across the country.

9:30
How to Leverage Emerging AML Analytics & Technologies: AI, Machine Learning

Drew Galow
Director, Anti-Money Laundering (AML) Model Management, Analytics and Machine Learning
BMO Financial Group

Marie-Andree Malo-Mongeau, CPA, CA, CAMS
Senior Director, EAML Business Effectiveness
CIBC

Moderator:

Sara Wright
Director of AML Data Projects
Scotiabank

  • Assessing the latest technology and tools available to assist with anti-money laundering and financial crime detection and deterrence
  • Overcoming challenges to integrating and using advancing technologies such as AI and machine learning
  • How to utilize AI and machine learning for model management
  • How forensics can bolster internal risk processes and controls

10:30
Morning Coffee Break
10:45
Keynote Fireside Chat with Kevin O’Connor

Kevin O’Connor
Section Chief, Virtual Assets and Emerging Technologies
Department of Treasury / Financial Crimes Enforcement Network

11:15
Analysis of Cullen Recommendations: Preparing for the Impact of the Report

Lincoln Caylor
Partner
Bennett Jones LLP

Peter M. German, QC, PhD
Chair, Advisory Committee
Vancouver Anti-Corruption Institute (VACI)

Matt McGuire
Co-Founder & Practice Leader
The AML Shop

Moderator:

Rebecca Ip, CPA, CA, CFF, CAMS – Audit
Partner, Forensic & Financial Crimes Services
KPMG LLP

12:05
Networking Lunch
1:05

COMBATTING THE CONVERGENCE OF ECONOMIC CRIME

Effective Practical Approaches to Breaking Down Silos Between Cyber, Fraud and Financial Crime Operations

Erika Postel
Director, AML Program Delivery – Consumer & Small Business
Scotiabank

Andrea Chedas, CAMS
Head of Corporate Security
Wealthsimple

Pierre-Luc Pomerleau, PhD, MBA
Partner
Vidocq Group

Moderator:

Cameron F head shot

Cameron Field, BA, MSc
Senior Manager I AML Intelligence Liaison and Special Initiatives I AML Financial Intelligence Unit
BMO Financial Group

The line between money laundering, fraud, and all other economic and cybercrimes is blurring. In order to address financial crime effectively, a coordinated approach is needed, one that breaks down the silos between cyber, fraud and financial crime operations.

  • Establishing convergence between cyber, fraud and financial crime operations to oppose economic crime
  • Developing open and transparent lines of communication and collaboration between departments
  • How to align risk governance and threat assessment approaches for maximum effectiveness
  • Establishing a common incident response approach
  • How to align risk governance and threat assessment approaches between departments
  • Sharing data and process controls activity
  • Creating a financial crimes unit within your organization responsible for monitoring and responding to all types of financial crimes

1:55

FINANCE CANADA – FINTRAC – RCMP ROUNDTABLE

Collaborative Approach to Combatting AML
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Michael Boole
Manager – Financial Intelligence Sector – AML/ATF
FINTRAC

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Kristin Solvason
Acting Executive Director, Financial Crime Coordination Centre
Public Safety Canada

Brent Taylor
OIC Federal Serious & Organized Crime – Major Projects and Financial Integrity
RCMP

Moderator:

Safeena Alarakhia
Senior Advisor, Financial Crimes Governance and Operations
Finance Canada

This Roundtable discussion between the Federal Government, FINTRAC and the RCMP will explore the intricacies of the collaborative approach being taken to combat money laundering and highlight the next steps in AML regulation, investigation and enforcement to protect the credibility & integrity of the Canadian financial system.

2:55
Networking Break
3:10
Managing the Unique Challenges of Beneficial Ownership, KYC and ID Verification Obligations

Bob Kapur
Independent Financial Crimes Consultant

Wen-Chi Chang
Vice President, Strategy & Insights, Enterprise AML Group
CIBC

  • Key elements of an effective beneficial ownership and KYC process
  • Best practices in customer due diligence for remote, non-face-to-face transactions
  • How to effectively gather, evaluate, and validate data: Meeting obligation to keep beneficial ownership information up to date
  • Exploring the impact and implications of implementation of publicly accessible corporate beneficial ownership registries
  • How to comply with the increasingly rigorous client identification requirements: FINTRAC’s position on ensuring accuracy of beneficial ownership information

4:00
Mitigating Digital Banking AML Risks

Gurpreet Sahota
Senior Leader, Cyber Security Architecture and Management
VersaVault

Garry W.G. Clement, CAMS, CFE, CFCS, FIS, CCI
Chief Compliance Officer
VersaBank

Moderator:

Rosalind Laruccia
AVP Internal Audit, Enterprise Risk & Corp. Functions, Former AVP Financial Crimes & Reg. Risk
Laurentian Bank of Canada

  • AML risks of neo banks/challenger banks vs traditional banking institutions
  • Combatting increased mitigate KYC/CIP risks of digital banks
  • Latest typologies threatening digital banking and electronic payments companies

4:45

GROWING ROLE OF PUBLIC-PRIVATE PARTNERSHIPS

Implications for Reporting Entities
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Michael Boole
Manager – Financial Intelligence Sector – AML/ATF
FINTRAC

Nunzio Tramontozzi
Director, Special Investigations Unit
Scotiabank

  • Applying lessons learned from successful public-private partnerships and recent financial crime schemes
  • Expanding role of public-private partnerships, fusion-center facilities and information-sharing agreements to address AML risks
  • Best practices for gathering intelligence and produce reports that will aid law enforcement
  • Establishing methods to maximize intelligence sharing and improve coordination of parties

5:30
Closing Remarks and Conference Concludes

Workshop A — How to Plan, Prepare & Manage for a FINTRAC Exam or Penalty: A Practical Guide to FINTRAC Examination Preparedness

Jun 14, 2022 9:00am – 12:30pm

Amber D. Scott
CEO & Founder
Outlier Compliance Group

Ivan Zasarsky
Financial Crime Practice Leader
PwC Canada

What is it about?

Workshop(s) are offered In-Person only

Beginning in April, FINTRAC will begin assessing Reporting Entities’ compliance programs to ensure that amended Regulations are reflected in their relevant documentation and that they are applied in practice.

In this Workshop, expert leaders will explore the main challenges in FINTRAC’s examination process in order to leave participants with an understanding of how to prepare for a successful regulatory examination and provide guidance on what the regulator is looking for during an assessment and how to defend your compliance activity.

  • Understanding FINTRAC’s examination process – what are the common pitfalls that lead to negative examination results?
  • Understanding how risk assessment methodologies are applied by FINTRAC
  • Assessing the impact of the latest AML regulations on your compliance program
  • Techniques for effective record-keeping and documentation
  • Best practices for aligning internal audit procedures with exams to ensure organizational consistency
  • How to prepare examination materials
  • Lessons from positive and negative exam results for implementing practical strategies for addressing FINTRAC examines and penalties
  • Best practices for drafting responses

Workshop B — How to Design, Implement, and Deliver an Effective AML Compliance Program that Measures Up to FINTRAC’s New Requirements

Jun 14, 2022 1:30pm – 5:00pm

Andres Betancourt, CFCS, CAMS, CCI, CBE, FIS
Senior Manager, AML Solutions
Scotiabank

Jennifer Fiddian-Green
Fraud Investigations, Anti-Money Laundering and Litigation
Grant Thornton LLP

What is it about?

Workshop(s) are offered In-Person only

While FINTRAC has been assessing REs’ most up-to-date compliance programs to ensure that they reflect the amended Regulations since last June 1, they will only begin ‘true’ examinations in April, whereby any noncompliance found will be cited as a deficiency under the PCMLTFA and be subject to follow-up or enforcement actions.

This workshop will provide guidance and practical advice on how to establish a defensible compliance program that makes the grade to avoid the risk of penalty.

  • Assessing your compliance program against the new heightened expectations of FINTRAC
  • How to strengthen your compliance controls and processes to bring them in line with the new regulatory regime
  • How to adjust compliance program to meet design, application, and delivery requirements
  • How to improve reporting standards to better justify risk-based decisions
  • Effectively responding to facts, context and indicators
  • Managing the increasing importance of documentation that can demonstrate due diligence