Sanctions Evasion Reporting, Identifying Unfiled STRs and VSDONC

Original Broadcast Date: Thursday, November 21, 2024
Running Time: 1:09:33

This comprehensive webinar delves into the recently implemented Sanctions Evasion reporting requirement, exploring its implications and the necessary compliance measures. Participants will gain valuable insights into effective strategies for identifying unfiled Suspicious Transaction Reports (STRs), a critical aspect of maintaining regulatory compliance in today’s evolving financial landscape.

The session also covers the considerations that institutions should weigh when deciding whether to file a Voluntary Self-Disclosure of Non-Compliance (VSDONC). Wel discuss the criteria that FINTRAC expects institutions to meet, ensuring that attendees are well-informed about their obligations and the potential repercussions of non-compliance.

Throughout the webinar, we share best practices for compliance, risk assessment, and reporting that can help reporting entities navigate the complexities of sanctions evasion and enhance their overall regulatory framework. Participants will leave with a clearer understanding of how to align their practices with FINTRAC's expectations, ultimately strengthening their organizational integrity and resilience against financial crime.

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