Dec 18, 2020
The regulatory framework that covers anti-money laundering (AML) and anti-terrorist financing (ATF) issues in Canada is complex and continuously evolving. Reporting entities across the spectrum under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (the PCMLTFA), including portfolio managers registered with the Canadian Securities Administrators, are required to have robust AML/ATF compliance programs in place and to provide ongoing training to their personnel.
In this webinar presented for the Portfolio Management Association of Canada (PMAC), Lori Stein, a partner in Osler’s Corporate Group, and Amber Scott, CEO of Outlier Solutions Inc. (one of the pre-eminent AML compliance consulting firms in Canada), offer an in-depth overview of the AML/ATF regulatory framework applicable to registered securities dealers in Canada for an audience of portfolio managers, including investment and compliance personnel. The webinar is followed by a Q&A session. The presentation [PDF] covers the following topics and more:
- Overview and definition of money laundering and terrorist financing
- Overview of the corresponding Canadian legislative framework and regulatory bodies
- OSC-FINTRAC MOU for information sharing
- AML & ATF obligations, as well as any relevant updates
- Client identification as individuals, entities and KYC
- How and when to report suspicious transactions
- Overview of Voluntary Self-Disclosure of Non-Compliance (official FINTRAC guidance)
Watch the Webinar on Demand