Managing Evolving Financial Crime Typologies

How Financial Institutions Can Stay Prepared for the Newest, Most-Sophisticated Techniques

November 21, 2023 2:15pm

Frank Mauti
Investigator, Financial Crimes - Ret.
Toronto Police Service, RCMP, and Ontario Provincial Police

Dwayne King
Senior Manager - Risk, Forensics and AML Advisory
Grant Thornton LLP (Canada)
Former Lead Investigator,
Asset Forfeiture Unit,
Toronto Police Service

Gary Valiquette
Assistant Crown Attorney, Guns and Gangs Task Force
Ontario Ministry of the Attorney General

Moderator:

Garry Clement
Chief Anti-Money Laundering Officer
Versabank

Anti-Money Laundering (AML) and the financial sector’s evolving typologies are continuously adapting to address new challenges posed by money laundering and terrorist financing. During this panel, we will discuss key aspects to AML and evolving typologies in the financial sector, including:

  • A look at the landscape of Fraud and AML
  • The latest on Productions Orders or other legal requests
  • Defensive filing – reasonable grounds to suspect
  • What does the landscape look like from a prosecutor’s view? A review of the definition of RGS and Money Laundering FINTRAC requirements
  • PCMLTFA – new section for the offence of structuring 77.3(1) Structuring offence.
    • How will that affect prosecutions?
    • Law enforcement’s ability to write warrants and make arrests
  • Uses and impacts of Artificial Intelligence and Generative AI