Enhancing AML Compliance Regimes in MSB Sectors

Sponsored by

Securefact
  • When: November 22, 2016
  • Time: 12:00 – 1:00 PM ET
  • Level: All

There has been a lot of debate in the media on the extent of the money service business (MSB) sectors’ adaptation and adherence to creating a solid compliance regime with respect to AML/CTF regulations. Many banks have decided to end long-term relationships with the MSB sector, refuse to open bank accounts for businesses that fall into FINTRAC’s/FinCEN’s definition of a MSB, or have adopted de-risking strategies to manage perceived compliance MSB risks. This webinar will provide further insight into MSB-sector issues such as unique compliance challenges and solutions when finding and retaining banking services, as well as implementing risk-based practices.

Learning Objectives

  • Understanding why anti-money laundering risks in the MSB sector are elevated
  • Identifying areas for improvement to address the sectors’ unique challenges
  • Discussing the benefits of technology solutions for effective and efficient ongoing compliance program

Who Should Attend

  • Compliance Personnel
  • Industry Consultants
  • Risk Managers

Region/Industries

  • MSBs
  • North America
  • Banking

Moderator

Moh Datoo
  • Moh Datoo

  • Senior Advisor, Financial Crime Risk Management
  • Securefact

Speaker

Angela Chartrand
  • Angela Chartrand

  • Founder
  • Sentinence

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