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Sponsored by: AMAL TRANSFERS

Afcana Group FS Inc. Effective Compliance Training program Saturday, May 15, 2010. 06:00 PM Est. Toronto, Ontario. Canada. MR. ABDIRIZAK OMAR-GODANE, AFCANA GROUP FS INC. MR. ABDI JAMA, AMAL TRANSFERS. Speakers. Sponsored by: AMAL TRANSFERS.

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Sponsored by: AMAL TRANSFERS

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  1. Afcana Group FS Inc. Effective Compliance Training programSaturday, May 15, 2010. 06:00 PM Est. Toronto, Ontario. Canada MR. ABDIRIZAK OMAR-GODANE, AFCANA GROUP FS INC. MR. ABDI JAMA, AMAL TRANSFERS Speakers Sponsored by: AMAL TRANSFERS AFCANA GROUP FINANCIAL SERVICES INC; Compliance & Regulatory research services, Toronto, Ontario. Canada

  2. INTRODUCTION TO CANADIAN MONEY LAUDNDRING AND TERRORIST FINANCIING ACT http://www.oecd.org/fatf.

  3. Canada’s Legislation to Combat Money Laundering and Terrorist Financing

  4. The objective of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act

  5. What is Money Laundering?

  6. Stages of Money laundering process

  7. MSB REQUIRED GUIDELINES: AML/ATF COMPLIANCE ELEMENTS AML Policy&Procedures

  8. Facts relating Money laundering

  9. Source of illegal activities Drug Trafficking Kidnapping Bribery / Corruption Gambling Counterfeiting and Forgery Robbery and Fraud Tax Evasion Serious Crime or All Crimes? White Collar Crimes (including Insider Trading and Securities offences) Prostitution Organised Crime Smuggling (arms, people, goods) Extortion

  10. Criminal Penalties

  11. Administrative Monetary Penalties

  12. Current global challenges to money laundering and terrorist financing • Direction to a practical approach.

  13. MSB should ensure that those functions are performing as they are intended.

  14. customer identification program CIP

  15. CDD and EDD

  16. risk based risk based Client acceptance & Life Cycle risk review pre-screening Exit? periodic RelationshipManagement Prospect client profiling (KYC) client profiling (KYC) Global AML Policy Global Standards Global Process& Procedures identification New: Products, Industry, Geographies, DeliveryChannels event drivenrisk reassessment Client take-on filtering Transactions / daily business verification post-eventmonitoring pre-eventfiltering client filtering

  17. Customer Identification

  18. Customer Risk Rating

  19. Product risk directive required

  20. Overall Risk Management Expectations

  21. Customer and Geography:

  22. Customer Identification know your customer rules: “KYC”

  23. Suspicious Activity Monitoring

  24. Policies and Procedures

  25. Anti-Money Laundering A Program

  26. Definition of “currency” and “person”.

  27. Enhanced Due Diligence

  28. AML Training

  29. Internal external audit program

  30. Managing government inquiries and investigations

  31. Going Forward into 2010 and Beyond

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