Anti Money Laundering & Terrorist Financing For Securities Professionals (AML)

This course provides insight and understanding into money laundering and terrorist financing and steps that can be taken to detect and combat them. You’ll gain an overview of relevant Canadian regulations, general laundering techniques, and techniques of specific concern to the securities industry. 

You’ll learn about preventative measures used to design and implement a compliance regime against money laundering and terrorist financing.

Syllabus:

• Lesson 1: Money Laundering and Terrorist Financing Background
• Money Laundering
• Terrorism And Terrorist Financing
• Lesson 2: Canadian Anti-Money Laundering and Anti-Terrorist Financing Regulations
• Topics covered in this chapter are:
• Early Canadian Anti-Money Laundering Regulations
• The Regulatory Focus Changes on September 11, 2001
• Canada’s Anti-Terrorism Measures
• FINTRAC
• Personal Information Protection
• Attacking The Problem Using More Than Just Money
• Laundering Regulations
• International Regulatory Efforts
• Other International Initiatives
• Lesson 3: Account Related Activities
• Topics covered in this chapter are:
• Fulfilling Client Identification Requirements
• Account Opening Red Flags
• Account Transaction Red Flags
• Lesson 4: Setting Up a Compliance Regime in Accordance with Fintrac's Guideline 4
• Topics covered in this chapter are:
• The Appointment of a Compliance Officer
• The Development and Application of Compliance Policies and Procedures
• Record Retention
• Reporting Requirements
• Auditing a Firm’s Anti-Money Laundering and Anti-Terrorist Financing Efforts
• On-Going Compliance Training for Employees