Program Chair(s)
Amber D. Scott
Founder & CEO, Outlier Solutions Inc
Ted Wilby
Chief Legal & Compliance Officer, BMO Insurance, BMO Financial Group
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.
Registration includes 120-day unlimited, online access to the recorded program.
What You’ll Learn
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
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
Faculty
Program Chairs
Amber D. Scott
Founder & CEO, Outlier Solutions Inc
Ted Wilby
Chief Legal & Compliance Officer, BMO Insurance, BMO Financial Group
Instructors
Agenda
View the program brochure and agenda to see what you’ll learn from leading experts.
Register
Recorded: Apr 22, 2021
$795 + HST
Printable registration form
If a downloadable form is required, please contact osgoodepd@osgoode.yorku.ca.
“Is financial assistance or funding available?”
As law evolves, we know how important it is to stay up to date. We also understand the financial implications of continuously upgrading your professional skills and knowledge. For more information on available options, including Job Grants, OSAP, please visit:
CPD and Accreditation
OsgoodePD is an accredited provider with the LSO, the Law Society of BC and NY CLE Board. Select your location to view the eligible hours you may claim.
| Substantive (Including Foundations in AML Compliance Primer) | 7h |
|---|---|
| Professionalism | 1h 15m |
| Total | 8h 15m |
Are you reporting hours from a previous date?
View our CPD & Accreditation page to see previously calculated hours for this course.
Deeper Learning Opportunities
LLMs
Are you a law graduate or an executive/senior professional with at least 5 years of specialized experience? Consider a full-time or part-time LLM degree.
Part-time LLMs Full-time LLMsThe Osgoode Certificate
Stay competitive with deep dives into the most critical issues in law. Taught by leading experts and designed for flexible learning, choose from multi-day programs or take courses at your own pace to build towards a certificate.
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Online Technical Requirements
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