CAMLI is an education and resource forum for anti-money laundering compliance professionals to further develop and be recognized for their knowledge and skills in the control of risks from money laundering and terrorist financing activity.
CAMLI was created to fill a need for a Canadian-focused AML/TF compliance organization designed to recognize the on-going education, development, and leadership needs of individuals tasked with the control of money laundering and terrorist financing activities and risks facing Canada's private and public sectors.
Membership is open to both Canadian-based and international compliance professionals actively involved in the control of money laundering and/or terrorist financing activity (AML/TF). The prime focus when it comes to legislative content and regulated practices will be on Canadian content; however, many of the compliance skills, methodologies and resources available through the various activities of Institute will have universal applicability.
Mission:
The mission of the Canadian Anti-Money Laundering Institute is to provide a broad-based educational forum for anti-money laundering compliance professionals in Canada to further develop and be recognized for their knowledge and skills in the control of risks from money laundering and terrorist financing activity.
Legitimate products and services can be used to mask illegal origins of funds, to move funds to finance terrorist acts, or to hide the true identity of the actual owner or beneficiary of the product or service.
Research indicates that many organizations seem to only do what is considered essential. The risk of skimping on fraud prevention and detection activities today may create opportunities for catastrophic frauds tomorrow.
FINTRAC Compliance Program requirements identify five elements that must be in place to meet your legislative requirements under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and its supporting Regulations.
The Compliance Officer 101 Training Program is designed for staff new to the prevention of money laundering. It is also a useful refresher course for existing employees or those wishing to attain the CAMLI Practicing Associate designation.
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