Workshop 1 - Updates to FINTRAC Reporting Forms

Workshop Date/Location:
Monday, September 18, 2024
8:30am - 12:00am
Hotel Grand Pacific
Victoria, British Columbia, Canada

The long-awaited implementation of Canada’s revised AML reporting forms is in full swing. The updated Large Cash Transaction Report (LCTR) was launched in late 2023, and FINTRAC indicated in February 2024 that it will be joined by the Suspicious Transaction Report in April and both the Electronic Funds Transfer Form and Casino Disbursement Form in June.

Reporting sector experiences with adapting to the new LCTR structure lead us to believe that each update will bring it’s own uncertainty and implementation challenges. As a result, ABCsolutions has asked two of its most respected and knowledgeable subject matter experts to discuss these challenges and how to meet FINTRAC expectations when submitting future reports.

Angelo Coppola and Julian Arend will explore the various changes, providing strategies to streamline the integration process and avoid potential roadblocks. Delegates are encouraged to ask questions, share their own experiences, and receive advice from workshop presenters and fellow delegates.

Download the workshop brochure / registration form

Workshop 2 - Virtual Asset and MSB Clients: Fortification & Lines of Defence for Financial Institutions

Workshop Date/Location:
Wednesday, September 18, 2024
1:00pm - 4:30pm
Hotel Grand Pacific
Victoria, British Columbia, Canada

Field and Permanence is a concept that aims to discuss the process of building multiple lines of defence when servicing virtual asset service providers (VASPs) and money services businesses (MSBs) as entities, and protecting individual members and account holders simultaneously. From limiting your exposure and preventing fraud against members to developing coherent frameworks for onboarding, monitoring, and maintaining relationships with elevated risk clients such as crypto exchanges and MSBs, regulations are outlined, best practices identified and operationalized, and concrete examples provided.

This workshop will include concrete examples of how to manage risk in crypto transactions at the retail and institutional level, how to conduct enhanced due diligence and map transaction flows, and how to ensure that you are able to communicate effectively with your client – be they an individual account holder or a business entity on your high-risk program.

Pulling from two decades of experience in fintech, payments, crypto currencies, and alternative payment methods, Ryan Mueller will lead a collaborative seminar that will endeavor to outline current fraud typologies facing MSBs/VASPs, and by proxy the banks and credit unions that service them. Ryan will explore common expressions of retail fraud, discussing best practices to apply to both frontline fraud prevention to limit commercial loss and reputation risk to your financial institution AND strategies to onboard higher risk business clients to your program, increasing profits, fees, minimum balances, and assets under management without exposing your financial institution to additional risk.

Download the workshop brochure / registration form