Join us for a complimentary webinar on November 15 from 1:00-2:15pm EST with expert panelists on everything you need to know about the changing landscape of Beneficial Ownership in Canada. Our guests include Matt McGuire of the AML Shop, James Cohen of Transparency International Canada, Gene DiMira of Manulife, and Nelson Coombs of Dye & Durham . Click the link below to register now, as space is limited.
More details about this webinar:
The beneficial ownership requirements in Canada have been evolving, with new regulations, guidance and government initiatives to ensure relevant information is more accessible. These requirements will continue to expand, given international expectations and a flurry of public reports about snow washing in Canada.
We are thrilled to have Transparency International Canada as a panelist that will share news and plans around their work in Canada on Beneficial Ownership. Transparency International is a movement that works relentlessly to stir the world’s collective conscience and bring about change. Check out their recent news coverage around property transparency in BC’s real estate industry, that garnered national attention.
Topics we will cover in this webinar:
A recap of the current state of beneficial ownership requirements in Canada, with a focus on FINTRAC’s recent guidance.
A survey of the current methods used by financial institutions across Canada to meet current requirements and regulator expectations. This includes manual, automated and integrated methods for initial on-boarding and ongoing monitoring of customer information.
A review of the information access needed by financial services to meet regulatory and risk requirements related to beneficial ownership transparency.
An overview of the current initiatives of Transparency International Canada surrounding beneficial ownership.
Key takeaways from this webinar will include how to:
Understand existing standards and peer approaches to beneficial ownership collection, verification and updates
Be conversant in the expected standards and prepare for them
Become aware of initiatives to expand and rationalize beneficial ownership initiatives