Webinar – FINTRAC Compliance Requirements
| Title: | Expert Series - FINTRAC Compliance Requirements |
|---|---|
| Location: | Delivered in an interactive Zoom environment |
| Start date: | 08 April, 2024 |
| Cost: | $0.00 for members or $45.00 for non-members |
Expert Series – New FINTRAC Compliance Requirements Explained by FINTRAC
Presented by CMBA-BC & MBIBC
Monday, April 8, 2024, at 11:30AM
FREE For CMBA-BC Members
$45 + Tax for Non-Members
Please join us in attending an informative presentation delivered by FINTRAC, Canada’s Financial Intelligence Unit and Anti-Money Laundering/Anti-Terrorist Financing supervisor.
New obligations for the mortgage sector have been published, and will come into effect October 2024. The goal of this presentation is to provide an overview of the requirements that include elements of a compliance program, record keeping and reporting. A documented compliance program is the basis of meeting all reporting entity obligations under the Act and associated Regulations which will contribute to FINTRAC’s mandate to combat money laundering, terrorist financing and threats to the security of Canada.
SPEAKERS
Mark Sokolnicki
Mark Sokolnicki is a Regional Compliance Manager in the Vancouver Office, and has been with FINTRAC since December 2014. He has managed and conducted various compliance activities such as outreach presentations and examinations across a wide array of sectors, including substantial involvement within real estate. Prior to joining FINTRAC, Mark worked in several compliance related roles with Service Canada and has been a dedicated public servant since 1999.
Chista Kavoosi
Chista is a senior compliance officer and has been with FINTRAC since February 2023. She worked previously at the BC Financial Services Authority, regulating the market conduct of credit unions, insurance companies and trust companies. She has over a decade of experience working in banks and credit unions in both customer facing and head office roles, with a focus on residential and commercial lending compliance.
MODERATOR
Geoff Parkin
Geoff is a mortgage broker with Select Mortgage, bringing with him a wealth of expertise and qualifications, including CPA and Chartered Financial Analyst designations. Before joining Select Mortgage, he held notable positions at Pacific Coast Savings Credit Union in Victoria, and most recently served as VP Subsidiary Operations at Coast Capital Savings Credit Union. In his role, Geoff oversaw real estate, mortgage broker operations, and real estate appraisal.
Geoff has a strong history of leadership in the industry, having previously served as President and Chair of the Ethics Committee at the Mortgage Brokers Association of BC (CMBA-BC), as well as President of the Mortgage Brokers Institute of BC (MBIBC).
Geoff’s dedication to both his profession and community makes him a valuable asset in the mortgage industry.
Thank you to Our Sponsor
CMBA-BC Resources on New FINTRAC Requirements:
FINTRAC Reporting Requirements for Mortgage Brokers (Webinar presented in April 2023)
Speaker: Christopher Walker
Original broadcast date: April 19, 2023
* Recording can be accessed by members only.
Access Exclusive Articles Authored by Our Staff in the Canadian Mortgage Broker Magazine
- New Anti-Money Laundering and Anti-Terrorist Financing Requirements for Brokers, Lenders and Administrators | CMB Magazine – Spring 2023
- Requirements of a Compliance Program for a Reporting Entity | CMB Magazine – Spring 2023
- FINTRAC Reporting Requirements on Horizon | CMB Magazine – Winter 2024
What our past attendees have to say about the Expert Series Webinars
Excellent, extremely valuable, and pertinent in today’s climate.
All of the speakers and the content was useful and educational!
Important information learned from the Q and A session.