At this first level, CAMLI will assess AML/TF compliance professionals who are, or have been, tasked with the basic compliance responsibilities to ensure a reporting entity meets its legislated responsibilities, including but not necessarily limited to: the knowledge and understanding of money laundering and terrorist financing; understanding of, and experience with the five elements of an AML compliance regime and its delivery within the reporting entity environment; experience and knowledge in the identification and reporting of designated transactions to FINTRAC; knowledge of the steps in responding to a Compliance Regime examination/audit by a designated Regulatory Authority, FINTRAC or otherwise; involved to some degree in the maintenance of a training program for company employees subject to legislated compliance responsibilities; and demonstrated involvement in the on-going maintenance of the current application of the company compliance regime.

CAMLI-PA Designation Checklist

The CAMLI designation application fee is non-refundable; please ensure that you can check off ALL the following points before applying for the Practicing Associate designation:

• I am a current member of CAMLI.
• I have a minimum 2 years experience working in AML compliance.
• I have a high school diploma.
• I have completed the designation questionnaire with a minimum score of 50.
• I can provide one professional reference.
• I am confident that I can successfully complete the CAMLI Practicing Associate examination.

On-Line Examination

One of the key elements of the CAMLI designation application process is the on-line exam. This exam is the final step of the process and only after all other steps have been completed will the applicant be permitted to take the exam.

How do I take the exam?

The exam is completed online via the CAMLI website. You will be required to have a supervisor or management team member from your organization witness that you completed the exam independently. You will have one opportunity to pass the exam. A passing grade is 75%.

The exam covers the basic knowledge required by an individual who is acting in the role of a Compliance Officer.

The designation process evaluates knowledge in the following areas:

• Understanding Money Laundering;
• Understanding Terrorist Financing;
• Implementing a Compliance Regime;
• Suspicious Transaction Indicators;
• Reporting Requirements;
• Client Identification Requirements;
• Record Keeping Requirements; and
• Global Anti-Money Laundering Organizations and Initiatives

If you are unsure of your knowledge in any of these areas, CAMLI strongly recommends studying and researching that area prior to taking the exam as you will only be able to take the exam once.

What happens if I fail the exam?

In the event that an applicant does not pass the examination they will have two options:

1. Wait 6 months and then reapply for the designation. This will allow the applicant time to study and update their knowledge. A new application fee will apply.
2. Applicants may enroll in CAMLI's Compliance Officer 101 Training Program. Upon successful completion of that course they may retake the designation exam immediately and for free.

This level assesses the compliance professional's experience beyond the daily application role; more specifically, at the stage where the applicant is managing an AML/CTF compliance program.

Who Can Apply for the CAMLI-PS Designation?
Compliance professionals with a minimum of 4 years in AML/CTF; at least 2 years must be at the management level. Individuals must be members of CAMLI in order to apply for a designation.

Assigning of this designation will be based on a variety of information sources, including the following:

• Submission of a professional portfolio focusing on knowledge, training, and experience developed through AML/CTF management activities
• Submission of the CAMLI-PS application form including executive summaries for 5 of the 8 competency areas identified by CAMLI
• Successful completion of the CAMLI-PA level examination (if the applicant does not already hold the CAMLI-PA)
• Two Professional references (one from someone who has knowledge of your two years in management) Documented evidence of a minimum of four years work experience in AML/CTF compliance, with at least two of those years in a management role A detailed application form focusing on knowledge, training, and experience developed through AML/CTF management activities

Competencies for CAMLI-Practicing Specialist
Applicants must submit executive summaries for at least 5 of the 8 competencies:
1. AML/CTF policy development.
2. Training development and implementation.
3. Risk management planning.
4. Providing overall direction to senior management with respect to compliance issues.
5. Budgetary control for the compliance program.
6. Management of employees in the compliance group if applicable.
7. Liaison with FINTRAC and designated regulatory bodies regarding AML/CTF compliance.
8. Planning and implementation of new compliance requirements when put into force by new legislation or guidance from FINTRAC and other relevant regulatory authorities.


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The Compliance Officer 101 Training Program is designed for staff new to the prevention of money laundering. It is also a useful refresher course for existing employees or those wishing to attain the CAMLI Practicing Associate designation.

Compliance Officer 101 will assist you in your understanding of money laundering, terrorist financing, regulators, and your obligations under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and its supporting Regulations.

After purchase, users will have six months to complete the final evaluation.

Completion of Compliance Officer 101 is a prerequisite for the Foundations of AML Compliance Management Certificate

Working in AML/CTF compliance in Canada requires a solid foundation in the various legislative and regulatory guidance resources available to the designated reporting sectors. This foundation is rooted firmly in Canada-specific content that is supported by a variety of international standards and best practices. This results in a compliance management approach that can maximize the necessary controls to protect your organization from the risks related to money laundering and terrorist financing activities.

The Canadian Anti-Money Laundering Institute has developed the Foundations of AML Compliance Management Certificate, which encompasses two CAMLI training programs, focusing on the key fundamentals of AML/CTF compliance management within a designated reporting business operations.

The Foundations of AML Compliance Management Certificate builds upon the content presented in CAMLI's Compliance Officer 101 training program, which is a prerequisite for this certificate. Those core training programs cover:

• The legislative and regulatory framework on which AML/CTF compliance is based;
• The nature of the inherent risk for money laundering and terrorist financing to which a business is exposed; and
• Testing the effectiveness of a business’ compliance program in managing the risk and confirming the business’ application of the legislative requirements.

Together, the training programs outline the background, legislated-elements, and required practices essential to the mandated compliance program of a Canadian reporting entity.

This Certificate has been developed for individuals considering or currently working as AML/CTF compliance officers in Canada.

What does the certificate program involve?

Compliance Officer 101: This training program is a pre-requisite to the Foundations of AML Compliance Management Certificate. Any applicant who completed this training more than two years before applying for the Foundations of AML Compliance Management Certificate will need to successfully repeat the Compliance Officer 101 examination. The exam will be made available once (at no cost) to individuals who have registered for the Foundations of AML Compliance Management Certificate.

CAMLI Foundations of AML Compliance Management Certificate

Includes:

• Understanding Money Laundering and Terrorist Financing Risk: A Risk Assessment Process
• Effectiveness Testing the Compliance Program: Enhancing your Skills
• Additional training materials
• Final examination covering all training materials
• Certificate documenting the student’s achievement

To order the Foundations of AML Compliance Management Certificate via telephone, FAX or regular mail, download the registration form. To order the course on-line, click Add to Cart below and complete the check-out process.

FINTRAC Compliance Program Requirements identify five elements that must be in place to meet legislative requirements under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its supporting Regulations (PCMLTFR). These five Compliance Program elements are key to any effective system of internal controls. A well-designed, applied, and monitored program will provide a solid foundation for compliance with the legislation.

This course has been developed to assist those tasked with undertaking a legislated Compliance Review (effectiveness testing) to develop, manage, and operationalize that Review --- whether they are carrying out the Review directly, or have delegated that responsibility to another individual or team of individuals, or are overseeing an external consultant.

Additionally, this course stresses the importance of treating risk as part of a greater whole and not as a stand alone element separate from the other four compliance program elements. All compliance elements must focus on internal controls to minimize the risk of loss resulting from inadequate or failed internal processes, controls, products, geography, people, or from external events.

It is important when writing policies and procedures, undertaking a risk assessment, implementing risk mitigation controls and monitoring processes that your organization’s risk profile has been determined. You cannot effectively respond to ML/TF events unless you have a clear understanding of your inherent risk, risk appetite, risk tolerance and residual risk.

After purchase, users will have access to training program materials for six months.

To order Effectiveness Testing the Compliance Program: Enhancing Your Skills via telephone, FAX or regular mail, download the registration form. To order the course on-line, click Add to Cart below and complete the check-out process.

FINTRAC Compliance Program requirements identify five elements that must be in place to meet your legislative requirements under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and its supporting Regulations. These five elements are key to any effective system of internal controls. A well-designed, applied, and monitored regime will provide a solid foundation for compliance with the legislation.

To be effective, a risk assessment methodology must be part of an overall process to address risk. This course stresses the importance of treating risk as part of a greater whole and not as a stand alone element separate from the other four compliance program elements. All elements must focus on internal controls to minimize the risk of loss resulting from inadequate or failed internal processes, controls, products, geography, people, or from external events.

It is important when writing policies and procedures, undertaking a risk assessment, implementing risk mitigation controls and monitoring processes that your organization’s risk profile has been determined. You cannot effectively respond to ML/TF events unless you have a clear understanding of your inherent risk, risk appetite, risk tolerance and residual risk.

This course will guide you through a four-step process of continuous improvement that includes:

1. preparation and assessment of risks;
2. implementation of controls to mitigate risks;
3. monitoring the performance of these controls; and
4. response to defects in the controls.

To order Understanding Money Laundering and Terrorist Financing Risks via telephone, FAX or regular mail, download the registration form. To order the course on-line, click Add to Cart below and complete the check-out process.

Corruption and money laundering are deeply interconnected, as corrupt officials often rely on money laundering techniques to disguise the origins of their illicit gains. While corruption-related money laundering shares many of the same traits as the laundering of proceeds of other types of crime, there are important differences.

This training program is designed to provide information to reporting entities under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated Regulations about the risks associated with politically exposed persons (PEPs) and heads of international organizations (HIOs) for money laundering and terrorist financing.

To order Risks Associated with PEPs and HIOs via telephone, FAX, or regular mail, download the registration form. To order the course on-line, click Add to Cart below and complete the check-out process.

This program was developed for compliance professionals to assist with developing an efficient and effective transaction monitoring system with the ultimate goal to determine whether to clear alerts or escalate to the submission of suspicious transaction reports.

How? By examining situations in which money-laundering alerts should be triggered, based on what is expected.

Outcomes: Transaction monitoring solutions help reporting entities identify, assess, control and report unusual activity among their customer operations through a multi-step processing management system.

The intent of this program is to focus on how AML control rules and other parameters are used to generate alerts on transactions that are linked to an array of customer types and products, as well as, to various points of the customer relationship.

An AML ‘Transaction Monitoring System’ is a vital component of the internal control measures reporting entities require in the prevention of money laundering and terrorist financing under our Canadian legal framework, the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and associated Regulations.

To order Transaction Monitoring System via telephone, FAX or regular mail, download the registration form. To order the course on-line, click Add to Cart below and complete the check-out process.

CAMLI's Fraud 101 is an entry level course that has been designed to assist practitioners by providing information on the theory, types of fraudulent financial crimes, and application of mitigating strategies to facilitate the detection, prevention, and response to fraudulent activities within their organization.

To order the Fraud 101 Training Course via telephone, FAX or regular mail, download the registration form. To order the course on-line, click Add to Cart below and complete the check-out process.

All reporting entities regulated under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and associated Regulations are required to be vigilant for transactions that could indicate violations of the PCMLTFA and to report such transactions to FINTRAC.

This is an entry level course that has been designed to assist practitioners to recognize when there are reasonable grounds to suspect attempted or completed suspicious transactions, and provides information on how to develop a reporting protocol that maximizes the utility of their Attempted/Suspicious Transaction Reports.

To view the training program objectives or order Composing Suspicious Transaction Reports via telephone, FAX or regular mail, download the registration form. To order the course on-line, click Add to Cart below and complete the check-out process.

The Business Relationship is a mandatory element of a compliance program and is applicable to reporting entities of all sectors.

CAMLI's Building a Business Relationship and Monitoring Model examines Canada's legislated Business Relationship requirements and know-your-customer obligations, outlines the development of a risk management protocol, and provides guidance for monitoring and record keeping. This is further supported by sector-specific examples in order to provide the user with a strong foundation in this problematic compliance program element.

Included with this training program is Managing Business Relationship Requirements webinar recording. .

This webinar recording focuses on Business Relationships, as defined under the PCMLFTA, speaking specifically on how this requirement is mandated in each sector, and providing participants with key takeaways that will enhance or strengthen their compliance programs. .

To view the training program objectives or order Risks Associated with Trade-Based Money Laundering via telephone, FAX or regular mail, download the registration form. To order the course on-line, click Add to Cart below and complete the check-out process.

The growing use of new payment products and services (NPPS) globally has created challenges to ensure that these products and services are not misused for money laundering (ML) and terrorist financing (TF) purposes. This course will focus on four categories of NPPS: (1) Prepaid cards; (2) Mobile payment services; (3) Internet-based payment services; and (4) Virtual currencies. An analysis of potential threats and vulnerabilities to money laundering and terrorist financing to which your business is exposed must be included in your company’s risk assessment, this includes the use of NPPS.

The latest update includes the ways to identify suspicious transactions for virtual currency companies, such as: customer behaviour; customer transactions; darknet marketplaces; unregistered or illicitly operating P2P Exchanges; Unregistered foreign-located MSBs; Unregistered or illicitly-operating kiosks, leveraging kiosk and much more.

To order New Payment Products and Services via telephone, FAX or regular mail, download the registration form. To order the course on-line, click Add to Cart below and complete the check-out process.

To mitigate any possible threat and to preserve the integrity of our NPO sector, this course will assist reporting sectors through detailed information, thereby assisting the global fight against terrorism and encourage greater vigilance against any potential misuse domestically or abroad. Under no circumstances should funds donated to help the needy be funnelled instead to support terrorist activities.

For the purpose of this course a Non-Profit Organization is defined as: a legal person or arrangement or organization that primarily engages in raising or disbursing funds for purposes such as charitable, religious, cultural, educational, social or fraternal purposes, or for the carrying out of other types of “good works”.

To order Risks Associated with Terrorist Financing and Combatting Abuse of NPOs via telephone, FAX or regular mail, download the registration form. To order the course on-line, click Add to Cart below and complete the check-out process.

The international trade system is subject to a wide range of risks and vulnerabilities that provide criminal organizations with the opportunity to launder the proceeds of crime and provide funding to terrorist organizations with a relatively low risk of detection.

This is an introductory training program designed to provide information about the risks associated with trade-based money laundering. Trade-Based Money Laundering covers a broad spectrum of financial and other services, including those financial services referred to as Trade Finance.

To view the training program objectives or order Risks Associated with Trade-Based Money Laundering via telephone, FAX or regular mail, download the registration form. To order the course on-line, click Add to Cart below and complete the check-out process.

This training program is designed to provide information to reporting entities under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and non-reporting companies operating under provincial legislation about the risks associated with loans and mortgages for money laundering and terrorist financing.

To order Risks Associated with Loans and Mortgages via telephone, FAX or regular mail, download the registration form. To order the course on-line, click Add to Cart below and complete the check-out process.

At the intersection of reporting and privacy of elder financial abuse/exploitation, you may sometimes struggle with your obligations to report this type of activity.This is an entry level course that has been designed to assist practitioners (i.e., financial entities, investment industry) to recognize the importance of the application of elder financial abuse/exploitation risk controls into their risk assessment, and provides information on how to facilitate the detection, response, and re-porting of these activities within their organization.

The course includes links to National resources for up-to-date information; and checklists to: (a) assess elder abuse/exploitation and (b) testing the effectiveness of monitoring internal control systems.

To view the training program objectives or order Risks Associated with Trade-Based Money Laundering via telephone, FAX or regular mail, download the registration form. To order the course on-line, click Add to Cart below and complete the check-out process.

This training program is designed to assist Board of Director members to have a better understanding of the anti-money laundering and counter-terrorist financing (AML/CTF) inherent risks and controls to enable them to assess information reported by the CAMLO, Senior Management, and the Auditor, and exercise effective oversight over the AML/CTF program.

Although directors and senior officers may not be involved in day-to-day compliance, they need to understand the statutory duties placed upon them, their staff, and the entity itself. (FINTRAC, Guideline 4, Section 5.0)

To order the AML/CTF Board of Directors Training Program via telephone, FAX or regular mail, download the registration form. To order the course on-line, click Add to Cart below and complete the check-out process.

Designing Employee Training

These training resources are designed to assist CAMLOs in the casino and gaming sector with the training of employees to understand the requirements mandated under Canada's Proceeds of Crime (Money Laundering) and Terrorist Financing Act and its supporting Regulations.

There is no testing component associated with this training program. After purchase, users will have six months unlimited access to training materials.

To order the AML/CTF Training Program for Casino CAMLOs via telephone, FAX or regular mail, download the registration form. To order the course on-line, click Add to Cart below and complete the check-out process.

This topic, ‘Understanding Risks’, is designed to provide Certified Financial Planners with information about the risks your products and services may create and the opportunities they may provide for money launderers and terrorist activity financing.

To order Certified Financial Planners: Understanding Risk via telephone, FAX or regular mail, download the registration form. To order the course on-line, click Add to Cart below and complete the check-out process.

This AML/CTF course is designed to assist real estate brokers and sales representatives to comply in part with the training requirement under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its supporting Regulations (PCMLTFR).

To order the Real Estate Brokers and Sales Representatives AML/CTF Training Program via telephone, FAX or regular mail, download the registration form. To order the course on-line, click Add to Cart below and complete the check-out process.

Privacy is an operational concern and it belongs on the front lines where customer information is collected right through an organization’s lifecycle of information flow.

Employees that are unaware of corporate privacy policies and how they are related to their role make mistakes when dealing with customers or when using/disclosing customer information.

You do not need to be a privacy expert but you do need to understand policy, learn to be sensitive to customer privacy concerns, and apply privacy policies in your role every day.

Creating privacy policies is not enough; effective training is imperative

.This course consists of four modules:

1. Module 1: Introduction
2. Module 2: Understanding the PIPEDA
3. Module 3: How to Fulfill Compliance Responsibilities
4. Module 4: Application of the PIPEDA

Upon completion of this course, you will be able to:

• Identify the main components of the PIPEDA;
• Define the ten privacy principles and how to explain them in business terms;
• Identify consumers’ rights and how to assist them in exercising their rights;
• Identify how to deal with managing access to a consumer’s personal information;
• Identify how to deal with complaints;
• State the penalties for non-compliance;
• Identify the Commissioner’s powers and how to work with the Commissioner’s office;
• Identify some key Commissioner’s findings; and
• Recognize what is reasonable under certain circumstances.

After purchase, users will have access to training program materials for six months.

To order Privacy Training Program: PIPEDA via telephone, FAX or regular mail, download the registration form. To order the course on-line, click Add to Cart below and complete the check-out process.

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This training course is designed to assist you to comply in part with the Alberta Personal Information Protection Act, S.A. 2003, c. P-6.5 (PIPA).

This course consists of three modules:

1. Module One: Introduction
2. Module Two: Understanding the Alberta PIPA
3. Module Three: How to Fulfill Compliance Responsibilities

Upon completion of this course, you will be able to:

• Identify what personal information is;
• Identify to whom and what the PIPA applies;
• Identify the main requirements of the PIPA;
• Recognize what is reasonable under certain circumstances;
• Identify the compliance requirements;
• Identify the access and complaint process;
• Identify the role of the Information and Privacy Commissioner; and
• Identify penalties for non-compliance.

After purchase, users will have access to training program materials for six months.

To order Privacy Training Program: Alberta PIPA via telephone, FAX or regular mail, download the registration form. To order the course on-line, click Add to Cart below and complete the check-out process.

Private sector privacy legislation has become increasingly important to individuals and organizations in the last two decades, largely as a result of advances in information technology that allow organizations to store and manipulate personal information. In Canada, this led to pressure on federal and some provincial governments to regulate the collection, use, and disclosure of personal information in the private sector as it already had done for the public sector.

This training course is designed to assist your organization to comply in part with the British Columbia Personal Information Protection Act (PIPA) [SB.C. 2003] Chapter 63.

Upon completion of this course, you will be able to:

• Identify what personal information is;
• Identify to whom and what the PIPA applies;
• Identify the main requirements of the PIPA;
• Recognize what is reasonable under certain circumstances;
• Identify the compliance requirements;
• Identify the access and complaint process;
• Identify the role of the Information and Privacy Commissioner; and
• Identify penalties for non-compliance.

To order Privacy Training Program: British Columbia PIPA via telephone, FAX or regular mail, download the registration form. To order the course on-line, click Add to Cart below and complete the check-out process.

This training course is designed to assist private companies that have employees and/or agents in Québec to comply in part with Québec's Privacy Act (An Act Respecting the Protection of Personal Information in the Private Sector).

This course consists of three modules:

1. Module One: Introduction
2. Module Two: Understanding Québec’s Privacy Act
3. How to Fulfill Compliance Responsibilities

Upon completion of this course, the user will be able to:

• Identify what personal information is;
• Identify to whom and what Québec’s Privacy Act applies;
• Identify the main requirements of Québec’s Privacy Act;
• Recognize what is reasonable under certain circumstances;
• Identify the compliance requirements;
• Identify the access and complaint process; and
• Penalties for Non-Compliance.

To order Privacy Training Program: Québec Privacy Act via telephone, FAX or regular mail, download the registration form. To order the course on-line, click Add to Cart below and complete the check-out process.

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This comprehensive webinar will delve 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 will also cover the various considerations that entities should weigh when deciding whether to file a Voluntary Self-Disclosure of Non-Compliance (VSDONC). We will discuss the criteria that FINTRAC expects reporting entities to meet, ensuring that attendees are well-informed about their obligations and the potential repercussions of non-compliance.

Throughout the webinar, we will 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 actionable strategies and a clearer understanding of how to align their practices with FINTRAC's expectations, ultimately strengthening their organizational integrity and resilience against financial crime.

To purchase via telephone, FAX, or regular mail, or using Discover or AMEX, download the registration form. To purchase on-line, click Add to Cart below and complete the check-out process.

The Business Relationship is a mandatory element of a compliance program and is applicable to all sector reporting entities. To effectively manage your Business Relationships, you must consider risk management, monitoring, and record-keeping, as well as know your client requirements.

• Are you a new or seasoned Compliance Officer looking to create, or enhance your compliance program around Business Relationships? • Are you looking to enhance your ongoing monitoring processes? • Are you looking to clarify when a Business Relationship ends? • Are you looking to better understand the steps for onboarding new clients, or partners to your business?

This workshop focuses on Business Relationships, as defined under the PCMLFTA, speaking specifically on how this requirement is mandated in each sector, and providing participants with key takeaways that will enhance or strengthen their compliance programs.

To purchase via telephone, FAX, or regular mail, or using Discover or AMEX, download the registration form. To purchase on-line, click Add to Cart below and complete the check-out process.

FINTRAC has started its long awaited roll out of the new forms tied to its designated reporting requirements. With the arrival of the revised Large Cash Transaction (LCT) Report Form, FINTRAC has made a number of adjustments to the types of transactions that are included in the new reporting rules. In particular, the 24-hour rule changes are causing reporting entities more than a few headaches when trying to get things right. As a result, ABCsolutions has asked two of its most respected and knowledgeable subject matter experts to lead our next webinar, discussing these changes and how to manage expectations when submitting future LCT Reports.

CAMLI has added a fifth online seminar for 2023 to address the recent updates from FINTRAC. This is 60 min session on Large Cash Transaction Reporting.

Reserve your spot and join us for this opportunity to confirm that your understanding of the new requirements meets FINTRAC expectations and that your completed reports receive a passing grade.

To purchase via telephone, FAX, or regular mail, or using Discover or AMEX, download the registration form. To purchase on-line, click Add to Cart below and complete the check-out process.

De-Marketing clients can be one of the most difficult business decisions, with a myriad of moving pieces to consider. Pressures from different departments with different priorities come into play as do concerns with the outcomes and pushback that could result from this process. Reputational and possible legal risks are a worry for the organization, which in turn can impact directly on the decision that is made.

CAMLI’s third online seminar of 2023 explores what to do when a customer is deemed to be too high a risk and the decision is made to end the business relationship. AML consultant, Shellyna Lipic, discusses the details and process for ending a relationship, sharing experiences from working in the financial services industry as a CAMLO, and explaining the process and steps taken to exit relationships when the risk becomes too costly. .

Topics include the following: • Why do we de-market? • When should we de-market? • How to demarket • What risks can arise?

To purchase via telephone, FAX, or regular mail, or using Discover or AMEX, download the registration form. To purchase on-line, click Add to Cart below and complete the check-out process.

This webcast seminar provides a detailed discussion of the regulated compliance requirements for one of Canada’s latest reporting sectors, Mortgage Participant Groups, including any business nuances that differentiate them from other reporting sectors when addressing comparable requirements.

On February 18th, 2023, the Canada Gazette Part I released information on a number of legislative and regulatory anti-money laundering compliance changes planned for 2023. One of those changes involved the addition of Mortgage Brokers, non-financial institution Mortgage Lenders, and Mortgage Administrators, collectively referred to as Mortgage Participants, as a new reporting entity under Canada’s Proceeds of Crime (Money Laundering) and Terrorist Financing Act. Once the Gazette Part II announcement has been published, these Mortgage Participants will have six months to have their respective AML compliance programs in place.

Explore the operational risks faced by the sector and those third-party service providers that offer primary services (e.g., banking and insurance) to the reporting business.

Attendees will be able to confirm what AML/ATF compliance program elements must be in place prior to the in-force date, creating a checklist to confirm what has been done or what work remains.

Service providers can use the discussion to confirm their own risk assessment of the mortgage participant as a customer and identify what risk mitigation may be required.

To purchase via telephone, FAX, or regular mail, or using Discover or AMEX, download the registration form. To purchase on-line, click Add to Cart below and complete the check-out process.

Unexplained Wealth Orders (UWOs) are becoming a popular tool for many countries around the world in the fight against money laundering and organized crime. In March 2023, British Columbia became the first province in Canada to introduce UWOs under the British Columbia Civil Forfeiture Act. Manitoba is currently considering following British Columbia's lead.

The tool allows governments to force individuals tied to crime or money laundering to explain how they obtained specified assets. Assets that cannot be shown to be legitimately obtained may be forfeited. UWOs require the cooperation of a wide variety of organizations, including financial institutions, law enforcement, and government agencies, to operate effectively.

This webinar explains UWOs in detail, provides overviews of the cases currently before the courts that are utilizing the tool, and describes ways in which information may be requested when UWOs are issued.

To register via telephone, FAX, or regular mail, or using AMEX download the registration form. To register on-line, click Add to Cart below and complete the check-out process.

The risk assessment has become a key element in the overall design and application of a reporting entity’s compliance management approach. FINTRAC has provided guidance on design and content at the sector-specific level as well as through generic Guidance documentation. The interpretation of this guidance by reporting entities has resulted in a wide array of models fashioned to represent the risk factors and mitigating responses impacting on each business’ services, products, geographies, delivery systems, clients/customers, and other associated elements.

While no one model is necessarily better than the next at first glance, the overall applicability and usefulness can readily differ when you begin to dissect the models into their capacities to:

• identify the entity’s risk factors;
• assign the factors’ risk level;
• provide the findings on which that risk level was chosen;
• put in place the necessary mitigation measures to control the risk;
• reassess the risk level once the mitigation measures are in place; and
• determine if the business can live with that risk.

Is the organization getting the best outcome from its standards?

Assessments and scheduled effectiveness reviews of those models have resulted in mixed responses to their efficacy for controlling and managing the risks for money laundering and terrorist financing.

This online seminar looks at FINTRAC’s expectations for Risk Assessment Manuals across the designated reporting sectors. The presenters discuss the structure, detail, and functionality one would expect to see in both the narrative and application of an entity’s risk model. Perceived weaknesses are identified and limitations that could result in an examination/review deficiency discussed.

To purchase via telephone, FAX, or regular mail, or using Discover or AMEX, download the registration form. To purchase on-line, click Add to Cart below and complete the check-out process.

There has been a recent uptick in the number of Administrative Monetary Penalties (AMPs) issued by FINTRAC that have included citations for poor or missing suspicious transaction reporting. Given STRs provide FINTRAC with critical intelligence it relies on to assist with its analysis of financial transactions across all reporting sectors, undertaking the STR decision-making process correctly and effectively is crucial.

Penalties of this type suggest potential weaknesses in this process, which can be attributed to a variety of factors, including human error and ineffective soft-ware. Too often, the blame for these deficiencies is placed on a couple of usual suspects: not recognizing red flags or a lack of resources to do the job. When one looks at missed or inadequate STR reporting, how-ever, the problems often have everything to do with the skills and mindset of those tasked with the job.

The goal of this webcast seminar is to focus on the practicalities of case studies and real world examples drawn from the presenter's experience in anti-money laundering.

To purchase via telephone, FAX, or regular mail, or using Discover or AMEX, download the video archive brochure. To purchase on-line, click Add to Cart below and complete the check-out process.

This webinar provides an in-depth explanation of the expected detail required for a reporting entity’s compliance program, including its design, application, and delivery. Participants have the opportunity to measure their program against established best practices and identity potential areas for improvement.

After a hiatus of few years, FINTRAC is once again imposing administrative monetary penalties (AMPs) for non-compliance with the Proceeds of Crime (Money Laundering) Terrorist Financing Act and its associated Regulations.

Moreover, as of June 21, 2019, the legislation was amended requiring FINTRAC to make public all AMPs it imposes. Subsequently, FINTRAC has published details of the AMPs it has imposed since June 2019 with penalties ranging from a low of $31,000 to a high of slightly above $700,000. What is even more surprising is the fact that the majority of the recipients are reporting entities that have been covered by the legislation since its inception and either have yet to implement a compliance program or have a program in place that FINTRAC found to be lacking in its application.

Angelo Coppola, CAMLO for a Montreal-based money services business and a former manager for FINTRAC, leads the discussion, providing insight and perspective on FINTRAC’s expectations using the hands-on, practical guidance of an experienced practitioner.

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FINTRAC is once again undertaking compliance examinations (audits) of various reporting sectors under its regulatory purview. The real estate industry has been the subject of these reviews at a higher frequency than other regulated sectors, with substantial penalties recently assessed against two real estate brokerages. In both cases, the deficiencies were significant and representative of either missing or incomplete compliance program elements. Something that one would not expect more than 20 years into the process.

June 1, 2021 marks the deadline for a series of regulatory changes that have been rolling out over the last couple of years. FINTRAC’s expectation is that Real Estate Brokerages, Real Estate Developers, and BC Notaries understand these changes and have implemented each one as expected. The answer it would seem, based on review findings to date, is that this is not always the case. So, how will compliance officers know if their program meets FINTRAC’s expectations? One initial way is to watch, listen, and ask questions of a group of AML application specialists.

Specifically, join Angelo Coppola and Jean-Francois Lefebvre, two former senior managers with FINTRAC’s Montreal Regional Office and now consultants to all reporting sectors, as they take a look at the AML/CTF compliance pro-gram requirements for businesses/professionals serving the real estate industry (e.g., brokers, sales personnel, developers, and notary publics). Angelo and Jean-Francois are joined by Chris Walker of ABCsolutions, who will guide those watching through the discussion and defer to Angelo or Jean-Francois to present their regulator/consultant perspective on what is being discussed.

Make sure that your existing Compliance Program is tailored to your business practices and addresses what should be in place, not just what you think ought to be in place. The distance between ‘think and should’ can be pretty far and can result in substantial fines from FINTRAC and significant damage to your company’s reputation.

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The past three instalments of ABCsolutions’ Money Laundering in Canada Conference have included a well-received session dedicated to the audience asking questions of a panel of experts, all FINTRAC employees, current or past. These sessions and the subsequent discussion have generated overwhelmingly positive reviews from the audience.

• A very informative group of individuals.
• All panelists added to this conversation.
• I really enjoyed the Q & A this year and got a lot of information from it.
• Always love this Q & A panel. Hope it is part of next year’s conference.
• The best part about the entire conference was this panel. Insightful comments, entertaining and fascinating for those of us working in the AML world on a daily basis.

As a result, CAMLI hosted a 90-minute seminar, bringing together three of the experts who participated at the Money Laundering in Canada 2020 Q & A session, Angelo Coppola, Jean-Francois Lefebvre, and Guillaume Giguère. During this webcast seminar, panelists respond to your questions, providing answers and generating discussion on a variety of topics relevant to Canadian compliance professionals.

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By the time of this workshop, the legalized cannabis sector will have been in operation for two years. Much has been written about the sector; millionaires have been made; and the sector is struggling to meet any levels of success that were forecast for the initial years of operation. The result of these various growing pains has been an increasing concern about the potential risks associated with an industry facing almost monthly evidence of oversight failures and questionable management practices.

Jean-Francois Lefebvre, a well-known AML consultant and former compliance official with FINTRAC, has been studying these impacts; developed a perspective on how these limitations are increasing risk for industries that do business with the sector; and identified various responses to manage these risks. In this workshop, Jean-Francois brings participants up to speed on how the sector has evolved since legalization; the strengths and weaknesses seen to date from provincial, federal, and international perspectives; the direct impacts on Canada from continuing USA criminalization of cannabis; what specific risks have emerged and how these are and can impact on business relationships between the industry and its service providers; the lessons learned from watching legalization-evolution unfold; and through the presentation of examples, what best practices are emerging to manage and monitor the risks now and going forward.

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Risk assessments continuously mature as they are updated, generally breaking risk profiles into smaller and more detailed segments. This granularity tends to increase the expectation of stakeholders and regulators to identify and manage client and product risks proactively. In many cases, financial institutions find that some inherently high-risk clients and products exceed the institution’s risk profile, resulting in moves to exit or deny new client or product lines. However, some financial institutions may be overvaluing the inherent risk compared to the possible residual risk and the associated reward of these clients and products. Developing specialties in high-risk segments allows financial institutions to play to their risk management strengths, compete on value proposition rather than price, and reveal highly profitable segments while still managing the institutions risk appetite.

This on-line workshop has been designed to assist participants in developing an approach to identify company-specific opportunities within higher risk customers and products, analyzing approaches to take based on risk management strengths, creating strategies to reasonably test the market viability with limited control development, and implementing oversight practices to demonstrate proper risk management.

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Overall accountability for a business’ AML/CTF Compliance Regime rests at the highest levels of the organization. That accountability comes from the oversight and governance responsibilities held by those tasked with running the business: owners, executives, and external Board members. The associated roles and responsibilities vary, but each has specific applications. What are they? And why are they in place?

Managing such oversight demands that those in control are kept in the loop about the legislated and regulatory demands on the business; the application of those demands; the impacts of ML/TF risks on the business; and the emerging trends and new product/service lines that will generate additional risks that need to be mediated.

This seminar explores in some detail the expectations and duties in the world of AML/CTF governance and oversight. The instructors discuss these across small, medium, and large‐sized businesses, drawing on real life examples and experience consulting in the field. This seminar is tailored to directors from reporting entity Boards, as well as business owners, senior managers, and compliance officers.

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Canada's financial sectors serve as a conduit for the movement of illicit funds across the country and around the world. In response, Canadian financial institutions must implement a compliance regime that both satisfies established regulatory requirements as well as protects the institution from being exploited, which can result in significant criminal penalties and a damaged professional reputation.

Having your compliance regime in place is one thing but making sure it operates as required and accomplishes its intended purpose are other issues. Effectiveness testing is an integral part of every compliance regime review. Under the Proceeds of Crime (Money Laundering) & Terrorist Financing Regulations and OSFI's B-8 Guideline, effectiveness testing is a required element and is usually delegated to the internal audit team or an external, independent consultant to ensure a comprehensive and bias-free examination takes place.

This webcast seminar examines the elements of an effectiveness testing program and outlines various best practices. The following issues were addressed over the course of the broadcast:

• Who can do Effectiveness Testing?
• What to look for in a reviewer?
• Specialized AML Training for Internal Audit Staff
• What to do if you're being reviewed?
• Steps in Conducting a Review
• Tips for Conducting Successful Reviews
• What should be included in an AML Audit Testing Program?

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CAMLI’s subject matter experts have compiled a Geographic Risk Resource Compendium that summarizes the most current money laundering, terrorist activity, corruption, and criminal data by specific geographic locations including: country, regions, provinces/states, and Canadian municipal locations. The beauty of this resource tool is that the research and compiling of information has been done for you.

The data and observations compiled include:

• Individual country assessments that discuss and assess a nation’s risks for money laundering, terrorist financing and corruption activity; the presence of illegal drug activity; and the efforts made by the country’s government to control for these threats;
  
• Risk Alert summaries describe those nations that have been identified as being money laundering priority jurisdictions and countries; lists of high risk countries; vulnerability checklists for money laundering; terrorist safe havens and state sponsors of terrorism; as well as jurisdictions subject to economic sanctions that must be reinforced under Canadian law;
  
• Canadian Crime Statistic summaries covering medium to large-sized communities across the country;
  
• The Corruption Perception Index, which measures the perceived levels of public sector corruption across the world; and
  
• The Basel AML Risk Rankings summarized by various countries.

These information and statistical data resources enable the compliance officer to provide the solid support expected by regulators, including FINTRAC, when arriving at a risk rating for the geography features associated with the business services and products provided, as well as customers served.

This resource tool is applicable across your business and can be used by different departments to assist employees assessing the risk associated with customers:

• who are applying for credit or seeking a loan;
  
• opening accounts using a web-based portal;
  
• requesting pre-paid products; or
  
• sending funds across international borders.

CAMLI Members: A Compliance Officer's Resource: Reducing Geographic Risk is included with CAMLI membership and can be accessed in the Resources section once you are logged in as a member.

Non-Members:To purchase via telephone, FAX, or regular mail, or using AMEX, download the registration form. To purchase on-line, click Add to Cart below and complete the check-out process. Once the check-out process is completed, the document will be delivered via e-mail.