Real Estate and Financial Crime Risk in Canada
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4/20/2017
When: Thursday, April 20th
1:00 - 2:00 PM ET
Where: Online, via WebEx


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Complimentary for ACFCS members, non-members $25

Presented by Matt McGuire, Advisor, The AML Shop

Real estate can be a risky business in Canada, as corrupt foreign officials, money launderers and other financial criminals seek to exploit property markets to transfer and store illicit proceeds. Recent public attention to the issue, and law enforcement efforts to curb questionable property transactions in cities like Vancouver and Toronto, have made it increasingly important to understand the actors and threats in the real estate industry.

This webinar examines the risks and state of play for financial crime within Canadian real estate markets, and provides guidance on compliance responses. The focus will be on Canada, but with some consideration of events in other countries. Attendees will learn:

• The recent trends and cases that have made illicit proceeds in real estate an area of concern to Canadian law enforcement

• Key risk areas related to real estate industry entities – attorneys, brokers, and others – and compliance and reporting regimes, or lack thereof, for these entities

• Law enforcement responses, and the likelihood of new regulatory standards or compliance requirements for real estate professionals

• Regulatory and enforcement responses in other countries, including increased scrutiny of the real estate field in the United States

 

About the Presenter:

Matt McGuire, Advisor, The AML Shop

Matt is an Advisor with the AML Shop.  He is an internationally recognized expert in anti-money laundering and counter-terrorist financing.  He has been assisting financial institutions to assess and reduce financial crime and related regulatory risks for fifteen years. He has served as an advisor to Canadian and foreign governments on development of their laws and financial intelligence functions, and a consultant to the UN office on Drugs and Crime.

Matt's current project involve leading a large-scale regulator-ordered KYC remediation exercise at a global investment bank; the alignment of FINTECH initiatives with Canada's new anti-money laundering legislation for a big-4 bank; and an engagement by a law firm to assist with the defence of a signifcant administrative monetary penalty. 

Matt served for five years as a member of the Department of Finance Private/Public Advisory Committee on AML/ATF and Chair of the AML Committee of CPA Canada.  He is a Founder of the Seneca College Institute for Financial Crime Analysis.

For four years, he was the leader of the National Anti-Money Laundering Practice and Ontario Region Investigative and Forensic Services Group at MNP LLP, and the partner in charge of proceeds of crime investigations with the Toronto Police Service.

This session provides one CFCS credit.

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