Payments Compliance Think Tank

Nov 28, 2019 8:45am – 3:00pm

As part of our 25th year celebration, we are introducing the Payments Compliance Think Tank; a board style, intimate but intense, gathering to address how the industry is evolving and the next frontier for payments.

Fintech has opened the door to payments modernization but embracing innovation is not without its risks. Regulators and Financial Institutions must navigate this new world of real-time payments and data rich transactions through the lens of cyber security and privacy protection.

The time to establish strategies to minimize the risks and maximize the rewards of emerging payments systems is now.

The Canadian Institute is proud to present an intensive one-day Payments Compliance Think Tank to help compliance teams generate those very strategies. This interactive, boardroom-style event will cut to the heart of the big questions facing compliance teams heading into 2020.


  • Understanding how to operationalize amendments to PCMLTFA regulations on Virtual Currency & Prepaid Cards
  • Forecasting next steps for Open Banking in Canada from a regulatory perspective
  • Demystifying AI for FI: How to fight fraud in the era of real-time payments
  • Identifying payment card security risks and preparing a breach response

Thursday, November 28, 2019

Registration Opens & Refreshments are Served
Opening Remarks from the Chair
Understanding the Impact of the Retail Payments Modernization Initiative
Ana Badour Partner McCarthy Tetrault
Refresher on Sanctions Screening and Transactions Monitoring
Jawid Kargger Head of Sanctions CIBC
Paul Lalonde Partner Dentons
Tiffany Chang Director, Global Sanctions Screening Solutions, Risk Management Scotiabank
Refreshment Break
Analyzing How PCMLTFA Amendments Address Virtual Currency & Prepaid Cards
Dr. Daniel Leslie Associate Norton Rose Fulbright
Establishing a Payments Compliance Regime to Meet Security Standards and Privacy Requirements
Alexis Gargurevich Innovation and Emerging Technology Risk TD
  In this session learn how to:
  • Stay PIPPIDA/GDPR compliant when collecting, using and disposing of data
  • Conduct effective risk assessments
  • Mobilize a payment card data breach response
Networking Lunch
Setting the Scope for the Open Banking Payment Model
Justin Ferrabee CEO Mazooma Inc. (Former COO of Payments Canada)
Jacqueline Shinfeld Partner Blake, Cassels & Graydon LLP
Sue Britton CEO & Founder FinTech Growth Syndicate
  The Senate committee on Banking, Trade and Commerce has released ten recommendations on how to initiate the development of an open banking framework in Canada. The committee advocates for harnessing innovation to improve financial services and competitive edge while at the same time protecting the privacy of Canadians. Identifying how the payments sector will be integrated is one of the priorities.
  • Explore the intersection between payments modernization and Open Banking
  • Hear insights from experts on what a principles-based approach to oversight could mean for your compliance program
  • Setting the scope of data sharing to leverage third party apps while protecting privacy
Fraud Busting: Preparing for Real-Time Payments using AI
Robin Grosset CTO Mindbridge Ai
  Real-time payment solutions are increasingly being adopted for consumer convenience and competitive-edge, but moving money faster comes with risks. The lack of lag time can make fraud and money laundering activity more difficult to detect. Fintech innovations in AI and machine learning hold the potential to mitigate regulatory and compliance related risk.
Closing Remarks from the Chair