KNOW YOUR CHAPTER
Excellent attendance at second
Canadian Chapter learning event
A
thought-provoking panel discussion
on key AML compliance issues was
the focus of the ACAMS Canadian
Chapter’s second learning event.
they might face on a daily basis. To make
the event especially relevant, they drew on
CAMLOs representing a cross-section of
sectors.
The luncheon held on October 5, 2010 was
attended by 130 participants. The luncheon
built on the success of the chapter’s first
learning event and the presentation by
assistant commissioner Mike Cabana of
the Royal Canadian Mounted Police was
well received.
The panel was moderated by Barbara Cox,
vice president and chief anti-money laundering officer at BMO Financial Group.
The panelists were comprised of Karim
Rajwani, CAMLO at RBC representing the
banking sector; Richard Hogeveen, CAMLO
at Manulife Financial representing life
insurers; and Derek McMillan, director,
AML Compliance at Western Union representing MSB’s and credit unions.
The luncheon featured some of Canada’s
leading CAMLOs. It was graciously hosted
by Anne Toal, CAMLO of Great-West
Life, and Kirsten Lamertz-Harcourt, also
of Great-West Life, at their Canada Life
building in Toronto. The luncheon was
sponsored by Lexis Nexis.
Event organizers wanted to provide participants with practical perspectives on issues
Topics of discussion included:
• New trends in the reporting of suspicious transactions, including tax evasion,
corruption and human trafficking.
• How to control the quality of STRs
• The examination focus of FINTRAC,
Canada’s financial intelligence unit.
• Challenges in meeting sanctions requirements.
• How can the AML function add enterprisewide value.
• Best practices in transaction monitoring.
The Canada Chapter is grateful to the hard
work of the following members of its executive board who spearheaded organizing
this event: Richard Hogeveen, chief AML
officer responsible for Manulife Financial’s
AML/ATF program; Tim McNeil senior
manager, Financial Intelligence Unit at the
Bank of Montreal; Karim Rajwani, CAMLO
at RBC; Garry Clement, president and
CEO of Clement Advisory Group; and Kata
Martinez, chapter development manager
and task force liaison at ACAMS.
U.S. Capital Chapter
T
he U.S. Capital Chapter ended the
year with a packed-house holiday
networking event that set the stage for
launching the chapter’s 2011 calendar. The
chapter is focused on developing enhanced
multi-session learning events this year.
but the sessions will include an overview of
MSBs, a look at regulatory requirements for
the industry, and ways to manage risk and
build effective relationships between MSBs
and financial institutions.
“We’ve had great learning events during
the last year that have touched on topics of
importance to our members,” said Joe Soniat,
chapter co-chair. “Past learning events have
included AML law enforcement trends and
emerging issues, criminal investigations and
interviews with regulators and law enforcement. We have surveyed our membership and
based on their feedback, we are going to take
a more in-dep Ѡ