dealers in precious metals and stones

Dealers in Precious Metals and Stones (DPMS) have limited AML obligations in Canada, which generally involve maintaining a program and applying specific procedures to large transactions. The risk of an examination by FINTRAC is relatively low - the greater pressure is that placed by the banks, payment services providers, and platforms that provide them services.

Our consultants routinely assist DPMS entities with the design of simple but thorough AML programs that satisfy regulators and financial services providers, as well as compliance effectiveness reviews.

Marcelle Dadoun - Principal, Program Design and Advisory
marcelle@theamlshop.ca
LinkedIn

Marcelle Dadoun, Principal, Program Design and Advisory leads The AML Shop's compliance program design division and provides advisory support to all reporting types, including new and evolving money services businesses, payment service providers and fintech clients looking to navigate local and international regimes for registration, licensing, and regulations. Additionally, she has developed and currently leads the Retail Payment Activities Act (RPAA) program division at The AML Shop. Read more.

Adam Feldman - Principal, Risk Management and Technology
adam@theamlshop.ca
LinkedIn

Adam Feldman leads The AML Shop's risk management and technology divisions as Principal, Risk Management and Technology.  As an experienced process engineer, Adam has a passion and talent for understanding, quantifying, and implementing efficient mitigation systems and processes across multiple industries and jurisdictions. Adam helps The AML Shop’s clients right size and optimize their compliance systems, processes and staffing, leveraging a toolbox of technology solutions. Read more.