Expert Series – FINTRAC Reporting
|Title:||Expert Series - FINTRAC Reporting|
|Location:||Delivered in an Interactive Zoom Environment|
|Start date:||19 April, 2023|
|Cost:||$0.00 for members or $45.00 for non-members|
Expert Series -Mortgage Brokers & New FINTRAC Reporting Requirements
Presented by CMBA-BC & MBIBC
Wednesday, April 19 2023, at 9:30AM – 10:30AM PST
FREE For CMBA-BC Members
$45 + Tax for Non-Members
Your relationship with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) is about to change. The federal government is in the process of passing laws to make mortgage lending participants (that is mortgage brokers, lenders, and administrators) subject to new compliance requirements targeted at money laundering and terrorist financing. The new requirements will go well beyond simply making mortgage lending participants subject to FINTRAC reporting requirements. Why the changes? What must you do and what must your program contain to be compliant? By when must you be compliant? What are the risks of non-compliance?
Come learn from our speaker Chris Walker, President of About Business Crime Solutions, Inc. For the last 30 years, Chris has focused on money laundering compliance management. He has worked through ABCsolutions to provide training, compliance program development, and effectiveness review services to most of the sectors governed by Canada’s money laundering legislation and FINTRAC’s guidance requirements. These sectors have included banks, credit unions, real estate, accounting, securities, gaming, money service businesses, and BC Notaries.
Our moderator will keep the discussion focused on matters of particular importance to you, drawing not only on their own considerable knowledge and experience but as informed by you and our other attendees asking questions in real time.
This webinar will make you a more informed and complete broker. It will make you better able to conduct your business. We look forward to seeing you!
Chris Walker is the President and co-founder of ABCsolutions, an AML/ATF consulting firm established in 2000. Chris holds degrees from McGill University and the University of Ottawa – Centre of Criminology. Throughout his career, Chris has been employed in the criminal justice, mental health and post-secondary education sectors.
The last 30 years he has focused on money laundering compliance management, working through ABCsolutions to provide training, compliance program development and effectiveness review services to most of the sectors governed by Canada’s money Laundering legislation and FINTRAC’s guidance requirements. These sectors have included banks, credit unions, real estate, accounting, securities, gaming, money service businesses, and BC Notaries.
ABCsolutions provides internet-based, corporate-wide training courses for all sectors, as well as running the Money laundering in Canada annual conference each October. ABCsolutions consultants undertake the required biennial effectiveness reviews for clients in all sectors, as well as working with new players tasked with getting their corporate compliance program up and running.
Our Host and Moderator:
Currently a mortgage broker with Select mortgage, Geoff has both CPA and Chartered Financial Analyst designations. Prior to his time with Select Mortgage, he held positions at Pacific Coast Savings Credit Union in Victoria and most recently at Coast Capital Savings Credit Union as VP Subsidiary Operations which included real estate, mortgage broker operations, and real estate appraisal.
Geoff is a former Victoria resident who currently resides in White Rock. He is an active member of his community. He contributes as a member of the Board for the BC Children’s Hospital Foundation and as the President of the Mortgage Brokers Institute of BC. His previous industry volunteer roles have included Chair of the Ethics Committee and President of the Mortgage Brokers Association of BC (now doing business as CMBA-BC).