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FINTRAC's guides on Assessment of Harm Done and AMP policy

Location Online - WebEx
Start Time 10/15/2019 1:30:00 PM
End Time 10/15/2019 2:30:00 PM
Time Zone ET
Categories Regulatory Compliance
Description Join us for a FREE WEBINAR on Tuesday, October 15 at 1:30 – 2:30 pm ET on FINTRAC’s recently released guides on Harm Done and AMP policy presented by Jackie Shinfield, Blakes. This webinar will review how FINTRAC approaches the harm done criteria under the PCMLTFA and the Administrative Penalties Regulations under the following categories of offences:
  • Compliance program violations
  • Large cash transaction reports, electronic funds transfer reports and casino disbursement reports violations
  • Suspicious transaction reports (STRs) violations
  • Know your client” requirements violations
  • Record keeping violations
Credit unions should review the guides to better understand how FINRAC will apply AMPs. Given the new publication standard in the PCMLTFA, it will be critical for credit unions to show they understand the requirements of the Act and are making every effort (“gold star”) to comply. Documentation of programs, actions taken, or reasons not taken, will be particularly important regarding filing STRs.

You won’t want to miss this timely webinar with AML expert Jackie Shinfield.