Preparing For The New Year: A Look Back At 2024’s AML Compliance Changes Know Your Compliance (KYC) podcast

Preparing for the New Year: A Look Back at 2024’s AML Compliance Changes

21d ago 37:03

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The landscape of AML compliance in Canadian real estate took significant turns in 2024, challenging the industry to adapt rapidly to regulatory updates. From FINTRAC’s revamped risk assessments to new obligations for mortgage brokers and heightened scrutiny on sanctions evasion, the year underscored the growing complexity of compliance. As the sector grapples with operational and training challenges, Greg and Daniel outline key developments and offer actionable insights to prepare for 2025—a year certain to bring further changes and demands on compliance officers and real estate professionals alike.

Key Highlights

Discover how FINTRAC’s new risk assessment forms reshaped compliance expectations for real estate brokerages.
Learn about the expanded obligations for mortgage brokers as new FINTRAC reporting entities.
Understand the implications of sanctions evasion enforcement and the critical role of beneficial ownership verification.
Gain insights into practical strategies for navigating compliance examinations successfully.
Explore predictions for 2025, including the FATF mutual evaluation’s potential impact on the AML landscape.

Connect with Greg and ReallyTrusted at:

https://reallytrusted.com/

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14 episodes