SESSION: “ABC’s of KYC and Why You Should Care”
Date: Wednesday, September 21, 2022
(CPB Canada IGNITE 2022 Conference)
Session Time: 10:30AM - 11:30AM
Join The AML Shop’s Matt McGuire (Practice Leader and Co-founder) at the CPB Canada IGNITE 2022 Conference for an informative session titled “ABC’s of KYC and Why You Should Care”. As Telpay’s guest speaker, Matt will examine how accountants and bookkeepers are increasingly being relied upon to play a role in the fight against money laundering and terrorist financing.
As a result of FINTRAC's latest anti-money laundering and anti-terrorist financing (AML/ATF) guidance and the Cullen Commission findings, knowing your clients (KYC) is more critical than ever for accountants and bookkeepers, especially if they conduct or advise on financial transactions for their clients.
Matt will be covering the following:
How accountants and bookkeepers are exploited to launder money
(wittingly and not)How do you know if you have FINTRAC responsibilities?
What is KYC, why is it important, and when does it happen?
Where does KYC fit in AML/ATF?
Core KYC methods
Why and how KYC measures vary with risk (including the client's industry)
Red flags of money laundering and what to do when you encounter them
Risks to you and your financial services provider if you fail at AML/ATF
By complying with FINTRAC's Know Your Clients (AML/ATF) regulations, money service businesses such as Telpay demonstrate their commitment to protecting the Canadian economy and helping Canada fulfill its global requirements.
For more information on this event or to register, please use the following button.