Register now for this webinar hosted by Toronto Compliance & AML events.
TCAE is excited to invite Matt McGuire, Co-Founder and Practice Leader of The AML Shop, to share his insights on the topic ‘Dealing with Clients in High-Risk Sectors’.
Finance Canada, FinCEN and the FATF have acknowledged that financial exclusion of businesses has been a pervasive unintended consequence of anti-money laundering measures. Financial exclusion has led to alternative financial services arrangements outside of which exacerbate the perceived anti-money laundering risks associated with certain sectors - even where those risks don't apply uniformly across them.
This session will explore the key sectors for which there is apparent consensus about high risk, the factors that contribute to that risk, and how financial institutions with mature compliance programs can monitor and manage those risks.
This webinar will give you the tools to:
An understanding of the evolution of financial exclusion as an unintended consequence of international AML measures, and its harms
Be knowledgeable of key high-risk sectors, and contributing factors
Be knowledgeable of upper-range practices for high-risk business risk assessment and management
