Since December 2023 alone, FINTRAC has levied fines to RBC, CIBC, and TD bank in amounts ranging from $1.3 Million to $7.5 Million, in part for failure to report fraud transactions suspected as being related to the commission or attempted commission of a money laundering or terrorist financing offence. In this session we will review FINTRAC mandatory fraud reporting criteria, case studies, and best practices to maintain compliance. Learn how your credit union can avoid the significant reputation and financial risk inherent with FINTRAC fines, register now!
Topics will include:
- Background
- Reporting criteria
- Best practices
- Case studies
Date & Time:
- Wednesday, March 6, 2024
- 10:00am – 11:00am CST
Cost (per connection):
- Enhanced Subscriber: $175
- Basic Subscriber: $200
- Non-Subscriber: $250
Facilitator:
Barry Bundus has over 25 years of fraud management experience and in his role with NCL provides guidance and training to assist credit unions in reducing reputation risk and financial loss. Barry is a member of the CU Office of Crime Prevention and Investigation (CUOCPI), International Association of Financial Crimes Investigators (IAFCI), and National Risk Management Committee (NRMC).
CLICK HERE to register!