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Fully updated for 2021. How confident are you at managing complex AML compliance issues? Are you up-to-date on your evolving obligations?

AML compliance obligations for financial services are highly technical, complex and constantly changing. Confusion and missteps can lead to vigorous investigations and enormous penalties, including damage to your professional reputation. You need to keep current with the latest in law and practice.

More than ever, Canadian financial institutions – operating nationally and globally – need to be equipped with the latest legal and practical guidance, tools and updates to protect against money-laundering and fraud violations while also mitigating reputational and financial risks if violations of laws and policies occur.

Designed for mid- to senior-level legal, business and finance professionals working in or advising on compliance matters, this OsgoodePD program will provide you with the latest essential knowledge, skills and tactics you need to confidently manage complex money-laundering risks facing Canadian financial institutions for 2021.

In one intensive day, you will get a robust, yet practical understanding of the latest proven techniques to apply when tackling stubborn AML compliance issues. You will emerge from this update with increased confidence and a current repertoire of relevant knowledge and skills to navigate challenges and trends for 2021. Plus, you will have the opportunity to engage in professional dialogue with the leading experts, and get your top questions addressed.

  • Practical considerations for addressing key risks and challenges arising from COVID-19 restrictions resulting in an unprecedented level of mass virtual/remote experiences
  • FINTRAC and Department of Finance overview and statistical analysis for 2021
    • Data on what people are getting wrong
    • Cross-sector analysis
    • Forecast for upcoming priorities and expectations and what you need to do now to get prepared
  • What’s different for financial institutions vs. other reporting entities for 2021
  • Insights and tools for “de-risking” clients
    • What are the warning signs?
    • How to de-register a client – includes notice, reporting and key considerations
    • What to do if an account is reinstated, if a client “cures” the breach or makes a claim?
  • Techniques for dealing with shifting laws and obligations – including how to implement the latest AML reporting obligations throughout the customer lifecycle
  • Best practices for responding to FINTRAC letters – with distinctions by type of reporting entity
  • Practical considerations for dealing with different requirements involving higher standards
  • Tips for complying with the legal rules when they may not align with your company’s mandate
  • Strategies for navigating key developments in validating records to avoid financial crimes
  • Tactics for matching the know-your-client (KYC) and customer identification (ID) requirements with your evolving risks and obligations – includes national and international considerations
  • Practice tips for managing escalating beneficial ownership issues and obligations
    • Where people go wrong and why
    • Tools for managing obligations involving “secret owners”
    • Best practices for due diligence and enhanced due diligence
    • Practical summary of key initiatives underway in Canada and globally
  • How to overcome key issues and developments in monitoring and testing – includes identification, mitigation and control of risk, and the practical impacts resulting from emerging initiatives
  • How to evaluate the risks of non-compliance
  • Practical strategies for navigating FINTRAC exams and penalties, including a practical walk-through of an exam and post-exam penalty
  • Best practices and lessons learned from recent clean-up efforts that became public, including essential considerations and tactics for developing a game plan and a wrap-up plan

PLUS! Registration includes complimentary access to Foundations in AML Compliance Primer for Financial Institutions (77 mins, available on-demand, recorded in March 2020), an online module developed for those newer to the area or those who may benefit from a refresher on core AML concepts.

Faculty

Program Chairs

  • Amber D. Scott, MBA, CIPPC, CBP, CAMS, Founder, CEO & Chief AML Ninja, Outlier Solutions Inc. aka Outlier Compliance Group
  • Ted Wilby, Chief Legal & Compliance Officer, BMO Insurance, BMO Financial Group

2020 Faculty Included

  • Charlene Cieslik, CAMS, Principal, Complifact AML Inc.
  • Karen Creen, CAMLO, Sr. Compliance Manager, Bank of China Toronto Branch
  • Marc Lemieux, Founder, Lemieux Business Law
  • Gabriel Ngo, Senior Advisor and Head of Canadian Delegation to the Asia/Pacific Group on Money Laundering, Finance Canada
  • Barbara Ogrodny, CAMS, Chief Compliance Officer, St. Stanislaus – St. Casimir’s, Polish Parishes Credit Union
  • Elizabeth Sale, Osler, Hoskin & Harcourt LLP
  • Jacqueline (Jackie) Shinfield, Blake, Cassels & Graydon LLP
  • Kelly Young, Acting Team Leader Examinations, Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

Please Note: Included in your registration is access to the on demand online primer, "AML Compliance and Risk Management for Financial Institutions Online Primer".

Please follow the instructions below in order to access the online primer prior to the start of the program:
STEP 1. Go to [www.osgoodepd.ca]www.osgoodepd.ca and click on CLE Login on the top right of the page.
STEP 2. Enter your login credentials under "Returning Customer".
NOTE: If this is your first time logging into OsgoodePD's platform to view an online program, your username is your email and your password is your last name with the first letter capitalized, as shown on this confirmation.
STEP 3. From your "Order History", select "View Program" and a new screen will open displaying the video for the primer.

If you have any technical concerns or issues, please call 416.736.5737 or email opdsupport@osgoode.yorku.ca.

Fees

Fees include online attendance, electronic program materials and 120-day access to program archive.

Group Discounts for CLE Programs

Group discounts and financial assistance are available. Please note that the group discount is only available when paying for members of the same organization, at the same time, and payment is made with one invoice. Please inquire about financial assistance.

Program Changes

We will make every effort to present the program as advertised, but it may be necessary to change the date, location, speakers or content with little or no notice. In the event of program cancellation, York University and Osgoode Hall Law School’s liability is limited to reimbursement of paid fees.

Cancellations and Substitutions

Substitution of registrants is permitted at any time. If you are unable to find a substitute a full refund (less $75 administration fee) is available if a cancellation request is received in writing 14 days prior to the program date. No other refund is available.

FAQs

Have questions? Read our FAQs.

Program Details

Questions on program registration?
Please contact the Registration Team at osgoodepd@osgoode.yorku.ca

Program Recorded: April 22, 2021

Program Details

Date & Time

June 3, 2021
9:00 a.m. - 5:00 p.m. EDT

Location

Online - Web Replay

Fee per Delegate

$795 + HST

Newly Licensed (2018-2021): $397.50 + HST

Register Now

Printable Registration Form

Eligible CPD Credit Hours

Questions?

Who Should Attend

  • Mid- to senior-level compliance professionals, consultants or advisors at financial institutions
  • In-house counsel at financial institutions
  • Accountants or auditors
  • Lawyers in private practice who advise financial institutions
  • Risk, control or quality assurance professionals
  • Portfolio managers, fund managers and investment dealers
  • Analysts or advisors
  • Due diligence professionals, corporate analyst, banking analyst, finance analyst or analyst
  • Anyone interested in a solid understanding of how to navigate complex issues involving anti-money laundering compliance

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