Workshop 1 - Banking Marijuana and MSB’s: Best Practices

Workshop Date/Location:
Monday, September 17, 2018
The Prince George Hotel
Halifax, Nova Scotia, Canada

With risk assessments driving the development of AML/CTF compliance programs in reporting entities, identified risks associated with businesses offering services in perceived money-laundering threat areas, such as currency exchange, remittance, crypto currency, and now legal marijuana, are causing potential service providers to walk ever so slowly before accepting such businesses as customers, if they do at all. For years, MSB’s have been struggling to convince the banking industry that opening accounts is not necessarily an unmanageable risk. Similarly, with the advent of the legalization of selling cannabis in retail settings, we are seeing once again compliance officers and AML consultants alike warning service providers of the risks in taking on this business.

This seminar has been designed to take a proactive approach to doing business with both sectors. Participants will take a look at the associated risks and then set forth 'best-practice' models that can be used to on-board new customers. There is absolutely no reason for not looking at taking on such businesses if your on-boarding process ad-dresses sound assessment steps. These best practice models can be easily crafted into on-boarding templates for assessing applicants; making the decision to service them; and then integrate the new customer into your ongoing compliance management program of controls to ensure the business relationship stays within the boundaries of acceptable risk.

Download the workshop brochure / registration form

Workshop 2 - Asset Tracing: A Civil Methodology to Recovering Your Funds

Workshop Date/Location:
Wednesday, September 19, 2018
The Prince George Hotel
Halifax, Nova Scotia, Canada

For many financial entities, asset recovery is an unfortunate but necessary cost of doing business. What is involved and where does one begin?

The essence of this workshop will be to look at the successes and failures of criminal restitution and the inability of the Canadian criminal courts to enforce judgments. Comparatively, participants will examine the successes and failures of civil restitution, and the importance of using available legal remedies during the asset tracing, securing, and recovery stages.

Additionally, workshop participants will explore what avenues are available to investigators on a global scale, allowing for effective tracing, securing, and recovering of assets. The presenter will guide participants through the review of case studies in order to explore how certain remedies work, why they work, and how they can best be utilized.

Download the workshop brochure / registration form