Date & Time:
Thursday, January 17, 2019
7:00 pm - 8:00 pm
Please Note: This event is in EST.
To date, there have been 16 penalties against credit unions, resulting in a total of $683,615 in administrative monetary penalties (AMPs). While FINTRAC has not issued any penalties recently, based on comments in the 2017/2018 Annual report, it expected that they will start doing so again in 2019.
Would your credit union pass an examination with flying colors, or risk a penalty? Does your credit union have any money laundering exposure that hasn’t been mitigated? What questions should Directors ask to minimize risk?
Our speaker will provide case studies and questions you should be asking as a director. She will also review recent FINTRAC guidance, and possible updates for 2019. You are welcome to submit questions in advance to firstname.lastname@example.org.
About our speaker:
Amber Scott is the founder of Outlier Solutions Inc., a boutique anti-money laundering consulting firm. Her team consists of compliance experts, each of whom have over 10,000 hours of compliance experience in in-house compliance roles. Amber has worked in-house at companies that include insurance, securities and banking.
This session is for Board 360 directors.