Overview. FINTRAC at a glance

Similar documents
Financial Transactions and Reports Analysis Centre of Canada

FINTRAC Annual Report. Maximizing Results Through COLLABORATION

Financial Transactions and Reports Analysis Centre of Canada

Introduction to AML/CFT in New Zealand

Financial Transactions and Reports Analysis Centre of Canada

Anti Money Laundering /Anti Terrorist Financing & FINTRAC (Financial Transactions & Reports Analysis Center of Canada) Training Presentation

AC NOTE FICA. What FICA governs and requires

Anti Money Laundering and Counter Terrorist Financing Program. Comment [AS1]: Add your company name here and your company logo below.

Financial Transactions and Reports Analysis Centre of Canada Centre d analyse des opérations et déclarations financières du Canada

COMMISSION STAFF WORKING DOCUMENT Accompanying the document. Report from the Commission to the European Parliament and the Council

Anti-Money Laundering & Financial Crimes Conference April 18th 20th, 2018

GD 2017/0059 ISLE OF MAN FINANCIAL INTELLIGENCE UNIT Strategic Delivery Plan June 2017

Anti Money Laundering and Combating Financing of Terrorism

COMBATTING MONEY LAUNDERING AND TERRORISM FINANCING

Money Laundering in the Trinidad & Tobago Securities Sector

Anti-Money Laundering & Terrorist Financing (AMLTF) Training Course. Module: Introduction

Trans-Fast Remittance LLC. AML Compliance Training for Agents

EXECUTIVE SUMMARY. 4. Individuals and groups seeking to

CONTINENTAL REINSURANCE ( C Re ) ANTI-MONEY LAUDERING/COUNTERING THE FINANCING OF TERRORISM (AML/CFT) POLICY

Reasons for Anti-Money Laundering and Know Your Customer Rules Presented By: George Roper, VP Compliance Scotiabank Group

London and St. Thomas Association of Realtors (LSTAR)

Anti-Money Laundering Policy

Webinar 01: AML/CFT Requirements Overview. 4 th July 2018

AML & ATF Policy and Procedures for Deposit Agents of Peoples Trust Company

May 17, Dear Ms. Pezzack:

Preface... 5 Process... 7 Introduction... 8 Chapter 1 Legislative and Regulatory Gaps... 18

The Role of Accountants in the Fight against Money Laundering

ABCsolutions Inc. CREA - Introduction

Mr Chua Kim Leng, Special Advisor (Financial Supervision Group), Monetary Authority of Singapore

Anti-money laundering and countering the financing of terrorism the Reserve Bank s responsibilities and approach

SOCA Alert A9A194N. The use of music tours and club events as a vehicle for money laundering

UPDATE ON CANADA S 2008 ANTI-MONEY LAUNDERING REQUIREMENTS FOR CAs

Registry General September 2015

summary of directors duties under OSFI guidance

ABCsolutions Inc. CREA Module Two: The Players

ANTI-MONEY LAUNDERING POLICY

THE KINGDOM OF LESOTHO ANTI-MONEY LAUNDERING AND COMBATING THE FINANCING OF TERRORISM REGIME

Noor Capital PSC Compliance - Embargoes, NCA and AML

Money Laundering and Terrorist Financing: Definitions and Explanations

PROCEEDS OF CRIME (MONEY LAUNDERING) & TERRORIST FINANCING (AML/ATF)

Statutory Review of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act

PCM Brokers DMCC. Anti-Money Laundering Policy

Results in the FIGHT AGAINST MONEY LAUNDERING

ANTI-MONEY LAUNDERING AND COUNTER FINANCING OF TERRORISM (AML/CFT): TANZANIA PERSPECTIVE

ABCsolutions Inc. CREA Module Three: Reporting Requirements

Equifax Canada: Your Authority for New AML Guidelines. Valuable insights gained by premier credit bureau to help ensure compliance

EUROPEAN COMMISSION DG Migration and Home affairs DG Justice and Consumers. Methodology

Agenda 9/9/2016. Introducing money laundering & criminal creativity So, how to combat? The impact of money laundering Final thoughts!

DRAFT CAUTION RDIMS # Page 1 of 13

Anti-Money Laundering Compliance Issues

FINCEN GUIDANCE. Under 31 CFR , an MSB s AML program must, at a minimum:

THE F FILES. Group benefits fraud what you need to know to fight fraud GET #FRAUDSMART

Supranational risk assessment on money laundering and terrorist financing (SNRA) DG Justice and Consumers B3 Financial crime Kallina SIMEONOFF

Anti-Money Laundering Policy

Guidelines on Anti-Money Laundering and Countering Financing of Terrorism

FATF Report to the G20 Finance Ministers and Central Bank Governors

Bank Secrecy Act- USA Patriot Act Compliance

ANTI-MONEY LAUNDERING POLICY

Liberty Bankers Life Insurance Company

TRENDS IN CANADIAN SUSPICIOUS TRANSACTION REPORTING (STR)

Strict implementation of laws, improving vigilance and enhancing due diligence

Papali I T Scanlan: Preventing money laundering and financing of terrorism in Samoa

Risks of money laundering and the financing of terrorism in the gambling sector

The Practical Impact of the FATF Mutual Evaluation on the US AML Professional

MEMBER REGULATION. notice

EGMONT GROUP OF FINANCIAL INTELLIGENCE UNITS CHARTER PREAMBLE

1. ANZ supports the proposals to extend the AML/CFT Act to include those additional business sectors set out in Part 3 of the consultation paper.

LEGAL PROFESSIONS AND ACCOUNTANTS PROFESSIONS IN THE TURBULENCE OF MONEY LAUNDERING

MONEY-LAUNDERING PREVENTION SANTANDER GROUP GLOBAL POLICY

SUMMARY Seychelles National Risk Assessment Report for Money Laundering & Terrorist Financing 2017

DR. ABDULLAHI SHEHU DIRECTOR GENERAL INTER-GOVERNMENTAL ACTION GROUP AGAINST MONEY LAUNDERING IN WEST AFRICA (GIABA)

TokenLot, LLC BSA Officer TokenLot, LLC Board of Directors

FATF Report to the G20 Finance Ministers and Central Bank Governors

Introduction to Anti-Money Laundering

Risk-based approach and the risk management and compliance programme. Presented by Ashleigh Mooij 11 September 2018

Date: Version: Reason for Change:

Anti-Money Laundering Policy

Compliance General Introduction. Business Continuity Plan

Consultation Paper. Segregated Accounts Companies and AML/ATF Risks

FIU G3: Anti-Money Laundering and Combating the Financing of Terrorism Guideline for Insurance Companies 2014

Money Laundering And The Proceeds Of Crime

Year Five Evaluation of the National Initiatives to Combat Money Laundering and Interim Evaluation of Measures to Combat Terrorist Financing

Accountants and Tax Advisors

Developed by the APG Implementation Issues Working Group (IIWG) and the World Bank

Guidelines for Compliance with Canada s Anti-Money Laundering and Terrorist Financing Regime

Anti-money laundering Annual report 2017/18

ANTI-MONEY LAUNDERING TRAINING FOR AGENTS TRANSAMERICA LIFE & PROTECTION

ANTI-MONEY LAUNDERING POLICY

Horizon scanner Financial Crime and Cyber-security RISK RATING. Potential impact

ANTI-MONEY LAUNDERING AND ANTI-TERRORIST FINANCING CONSULTATION RELEASED

FXPRIMUS ANTI-MONEY LAUNDERING ("AML") POLICY

Produced by Corbin Communications Ltd.

FINANCIAL INTELLIGENCE CENTRE ACT (FICA)

Gaming Policy and Enforcement Branch AUDIT REPORT

ZIMBABWE NATIONAL ANTI-MONEY LAUNDERING AND COMBATING FINANCING OF TERRORISM STRATEGIC PLAN FOR THE PERIOD:

Law of Banking and Security DR. ZULKIFLI HASAN

Technical Annex. to the Economic Note entitled How Should Bitcoin Be Regulated? published by the Montreal Economic Institute on May 29, 2014

Box 1.1 Anti money laundering and combating terrorism financing

Anti-Money Laundering Policy June 2017

5782/16 ADD 1 SS,PK/mmf DGG 1B

Transcription:

FINTRAC at a glance Overview Shedding light on money laundering and terrorist activity financing Our role in the fight against ML and TF Join the fight!

FINTRAC at a glance Canada s Financial Intelligence Unit Mandated to assist in the detection, prevention and deterrence of money laundering and terrorist financing two significant threats to Canada s security and economy. Proceeds of Crime (Money Laundering) and Terrorist Financing Act Dynamic complement of 380 employees with specialized knowledge and expertise in Regulatory compliance Financial intelligence Information and technology Policy and corporate excellence

Money laundering Disguise the source of money or assets derived from criminal activity. Make the proceeds of crime appear legitimate. Fund further criminal activity. Money is the means and the end goal. Placement Layering Integration

Terrorist activity financing Funds can be legitimate and/or illegitimate. Attempt to hide the identity of donors/sponsors and the purpose for which funds are amassed. Associated financial transactions tend to be in smaller amounts than money laundering. Threats to the security of Canada Espionage / Sabotage Foreign influenced activities Terrorism Subversion Money is the means to a more nefarious end goal.

Our role in the fight Compliance for Intelligence and Intelligence for Enforcement Compliance Intelligence Enforcement Reporting entities FINTRAC s Compliance Program FINTRAC s Intelligence Program Law enforcement and national security agencies Feedback and guidance

Our role in the fight Regulatory compliance Ensuring reporting entities comply with their obligations through outreach, assessment and enforcement. Assessing compliance holistically and seeking to empower reporting entities to become fully engaged. Types of Careers: Compliance Officer Regional Compliance Officer based in Montreal, Toronto or Vancouver

Our role in the fight Financial intelligence Providing actionable financial intelligence to law enforcement and national security partners to support their investigations. Developing strategic financial intelligence on priorities such as organized crime, foreign terrorist fighters, and professional money launderers. Conducting cutting-edge research on emerging trends, such as virtual currencies and other FINTECHs. Types of Careers: Intelligence Analyst Strategic Intelligence Analyst Data Exploitation Analyst

Our role in the fight Information and technology Ensuring the security, reliability and efficiency of our sophisticated systems and tools. Advancing alignment with government-wide innovation. Types of Careers: Business Intelligence Analyst Developer (Quality Assurance, Systems or Web) Information Management Analyst Information Technology Security Analyst Infrastructure Analyst Service Desk Analyst

Our role in the fight Policy and corporate excellence Strengthening Canada s anti-money laundering and anti-terrorist financing regime, and collaborating with partners across the world. Providing value-added corporate services and expertise to advance our operations. Types of Careers: Policy Analyst Communications Officer Financial Officer Human Resources Advisor Project Manager Procurement Advisor Security Officer and more!

Join the fight! Competitive salaries and performance pay Vacation and other leave Health, dental and other insurance plans Pension plan Professional development Modern work environments Work-life balance Unique culture

Join the fight! Opportunities are posted on GC Jobs. The new Analyst and Officer Inventory is open! Visit our website for more information. Follow us on Twitter @FINTRAC_Canada Remember To work at FINTRAC, you must be eligible for a Top Secret security clearance. You must: Be a Canadian citizen. Have 10 years of verifiable information. Demonstrate suitability and reliability. Not participate in illegal activities.