FINTRAC - What you Need to Know
By Muskoka Haliburton Orillia - The Lakelands Association of REALTORS®
Date and time
Fri, Dec 2, 2016 12:30 PM - 4:00 PM EST
Location
Best Western Plus Mariposa Inn & Conference Centre Orillia
Hermitage Meeting Room 400 Memorial Avenue Orillia, ON L3V 6J3 CanadaDescription
FINTRAC - What You Need to Know with Matt McGuire, National Anti-Money Laundering Practice Leader
FINTRAC is not your friend. Their expectations and how to prepare for an examination.
FINTRAC has shifted their focus from education to enforcement and REALTORS® have found themselves fighting deficiency letters and penalty notices.
To avoid those situations, this session will clearly set out FINTRAC's expectations and ways to meet them:
- For risk assessments
- Policies and Procedures
- Training Programs
- Compliance Reviews
- Reporting
- Record Keeping
- Client Identification
The segment will also address dealing with FINTRAC examinations, including:
- How FINTRAC selects the companies they review
- How they conduct their exams
- Consequences of a bad exam
- How to prepare
- What to expect
- How to respond afterwards
The first half (1:00 pm - 2:30 pm) of the session will be more specific to Brokers of Record/Broker Managers
The second half (2:30 pm - 4:00 pm) of the session will be more specific to Salespeople.
You can attend the whole session, if you wish.