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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

9:00
Opening Remarks from the 2022 Co-Chair
9:15
Opening Keynote
9:45

SPOTLIGHT ON THE CULLEN COMMISSION REPORT

Key Takeaways of Recommendations: View from the Government
10:30

INDUSTRY & CIVIL SOCIETY THINK TANK

Analysis of Cullen Recommendations: Preparing for the Impact of the Report
11:30
Morning Networking Break
11:45
Identifying and Mitigating Growing AML Threats Posed by Cryptocurrency
12:45
Networking Luncheon
2:00
Latest Typologies 7 Trends in Trade-Based Money Laundering
2:45
Networking Refreshment Break
3:00
Common Missteps and Key Continuous Improvement Areas for Regulated Companies to Achieve Compliance Controls
4:00

CREATIVE NEW AML RISKS

How to Detect New Schemes of Money Laundering Practices
5:00
Closing Remarks and Conference Adjourns to Day 2

Day 2 - Thursday, June 16, 2022

9:00
Opening Remarks from the Co-Chairs
9:05
Keynote
9:35
How to Leverage Emerging AML Analytics & Technologies: AI, Machine Learning
10:35

GUIDANCE FROM FINTRAC

Upcoming Enforcement Priorities and Compliance Expectations
11:30
Morning Networking Break
11:45

COMBATTING THE CONVERGENCE OF ECONOMIC CRIME

Effective Practical Approaches to Breaking Down Silos Between Cyber, Fraud and Financial Crime Operations
12:30
Networking Luncheon
1:45

FINANCE CANADA – FINTRAC – RCMP ROUNDTABLE

Collaborative Approach to Combatting AML
2:45
Managing the Unique Challenges of Beneficial Ownership, KYC and ID Verification Obligations
3:30
Networking Refreshment Break
3:45
Mitigating Digital Banking AML Risks
4:30

GROWING ROLE OF PUBLIC-PRIVATE PARTNERSHIPS

Implications for Reporting Entities
5:15
Closing Remarks and Conference Concludes

Day 1 - Wednesday, June 15, 2022

9:00
Opening Remarks from the 2022 Co-Chair

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

Sarah Paquet
CEO & Director
FINTRAC

9:45

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.

10:30

INDUSTRY & CIVIL SOCIETY THINK TANK

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

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

Lincoln Caylor
Partner
Bennett Jones LLP

Matt McGuire
Co-Founder & Practice Leader
The AML Shop

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

  • How to prepare for the fallout from the Commission: assessing the effect that the Cullen Recommendations will have on future AML legislation and enforcement
  • How to respond to highlighted AML vulnerabilities: establishing effective preventive policies, including know-your-customer policies, source-of-funds policies
  • Addressing the increased call for public- and private-sector collaboration to address financial crime: insights into the growing AML obligations of Reporting Entities
  • How the Recommendations may affect future beneficial ownership registries: practical implications for industry, including public access to the registry, verification of beneficial ownership information, and the extension of the registry to trusts and partnerships
  • Analysis of the role played by lawyers, accountants, and notaries as facilitators, gatekeepers, and intermediaries in respect of money laundering: potential overhaul of the way business is conducted

11:30
Morning Networking Break
11:45
Identifying and Mitigating Growing AML Threats Posed by Cryptocurrency

Charlene Cieslik
Chief Compliance Officer
Localcoin

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

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

  • How to address AML challenges in servicing crypto exchanges: mitigating money laundering exposure associated with virtual currencies
  • Practical approaches to managing crypto risks: best practices for examination of suspicious indicators and typologies
  • 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

12:45
Networking Luncheon
2:00
Latest Typologies 7 Trends in Trade-Based Money Laundering

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

John Boscariol
Partner
McCarthy Tetrault LLP

  • 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

2:45
Networking Refreshment Break
3:00
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

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

Vladimir Shatiryan
Partner
Blakes LLP

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

4:00

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

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

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

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

5:00
Closing Remarks and Conference Adjourns to Day 2

Day 2 - Thursday, June 16, 2022

9:00
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

9:05
Keynote

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

9:35
How to Leverage Emerging AML Analytics & Technologies: AI, Machine Learning

Sara Wright
Director of AML Data Projects
Scotiabank

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

  • 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

10:35

GUIDANCE FROM FINTRAC

Upcoming Enforcement 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 the latest information on the implementation of regulations and their flexible measures that came into force in June 2021 and receive insight into how best to interpret and operationalize these measures to minimize compliance missteps.

Come prepared with any questions that you may have.

  • Latest information on the implementation of the new regulation
  • Key FINTRAC enforcement priorities, examination trends and compliance expectations
  • How to address biggest compliance hurdles seen to date

11:30
Morning Networking Break
11:45

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

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

12:30
Networking Luncheon
1:45

FINANCE CANADA – FINTRAC – RCMP ROUNDTABLE

Collaborative Approach to Combatting AML

Carrie Hagerman
Director, Financial Crime Coordination Centre (FC3), Crime Prevention Branch
Public Safety Canada

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

michael boole

Michael Boole
Manager – Financial Intelligence Sector – AML/ATF
FINTRAC

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.

2:45
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

Guy Charpentier
Director Customer Fraud Management
MasterCard

  • Priorities of the CBSA’s Trade Fraud and Trade Based Money Laundering Centre of Expertise
  • Trade-based money laundering typologies, trends and hot spots to watch: red flags to look for
  • Determining high risk TBML jurisdictions
  • Best practices for evaluating and addressing TBML risks within your organization

3:30
Networking Refreshment Break
3:45
Mitigating Digital Banking AML Risks

Gurpreet Sahota
Senior Leader, Cyber Security Architecture and Management
VersaVault

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

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

  • 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

4:30

GROWING ROLE OF PUBLIC-PRIVATE PARTNERSHIPS

Implications for Reporting Entities
michael boole

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

5:15
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