AML Investigations 101: Conducting a Successful End to End Investigation

Featured Speakers :
WHEN : 12/19/2019 1:00 pm 2:00 pm ET

Presented by the Toronto ACFCS Chapter

Members Free, Non-Members $15

In recent times, Canada’s anti-money laundering regulatory agency, FINTRAC, has stressed the importance of a well-conducted AML investigation and high-quality suspicious transactions’ reports submission. The reports (among others) – which are submitted by reporting entities have come in very handy on several collaborated projects with the Canadian law enforcement agencies.

FINTRAC provides intelligence on the money trail to law enforcement and the national security agencies—with information not readily available elsewhere. Where this information is not presented by reporting entities to FINTRAC in a form required, stiff penalties including making public all administrative monetary penalties (AMPs), can be imposed. These AMPs will range between $25,000 to $500,000 depending on the level of deficiencies. Organizations can, therefore, suffer irreparable reputational damage if found to be deficient in this regard.

It, therefore, becomes vital for reporting entities to fully understand the process involved in conducting an effective and thorough AML investigation and preparing a well detailed and high-quality STR to FINTRAC.

This webinar will, therefore, provide participants with insights into the necessary process involved in addressing these concerns.

Learning Objectives:

The audience will learn the following:

  • The process of conducting a thorough end to end AML investigation
  • The essential tools that can be used in analyzing suspicious activities or transactions.
  • Analyzing a client’s profile with the suspicious activity indications flagged
  • The dos and don’ts of writing a detailed and high-quality STR narratives

Target Audience

  • Compliance officers
  • AML and financial crime Investigators
  • High Risk/EDD Officers