LUNCH & LEARN: AML Compliance for Mortgage Brokerages - Navigating FINTRAC Requirements & Reducing Risks
Event Details:
- Wednesday, April 30, 2025
- 10:30 AM – 1:30 PM EDT
- CMBA Ontario Office | 40 Winges Road, Unit 7
- Lunch provided
Tickets limited to 25 spots:
- Members | FREE
- Non-Members | $25
Contact: Melisa Fissore | melisa@cmbaontario.ca
As of October 11, mortgage brokers are subject to federal anti-money laundering legislation. These new obligations require brokers to conduct due diligence on their clients, keep records of financial transactions, and report certain types of transactions to FINTRAC, the federal anti-money laundering regulator. FINTRAC has the power to examine mortgage brokers to test their compliance with anti-money laundering obligations and impose penalties for non-compliance. Join us on April 30, 2025 for an in-person presentation from anti-money laundering expert Adam Feldman, a Principal at The AML Shop and Robert DeRose, Insurance Risk Advisor at PROLINK Insurance.
During the presentation you will learn about:
- FINTRAC expectations for a compliance program
- How to conduct due diligence on your clients
- When to report transactions to FINTRAC
- Penalties for non-compliance
- How insurance can protect your firm against these evolving regulatory compliance risks
Stay on FINTRAC’s good side and be sure to attend this not to be missed session!
Robert De Rose
Practice Manager & Risk Advisor, Financial Services, PROLINK
Robert DeRose is a licensed commercial insurance broker with over 7 years of experience serving clients in financial services, with a specialized focus on Mortgage Brokers, Mortgage Administrators and Alternative Mortgage Lenders. As a Risk Advisor, Robert is focused on building resilient organizations. He helps clients navigate the insurance market and develop comprehensive risk management solutions that align with their business goals.
Adam Feldman
Principal, Risk Management and Technology, The AML Shop
Adam’s path to the world of AML is an interesting one, as he built his early career in process engineering. This experience has provided Adam with a unique perspective and skill set when it comes to helping clients with their AML needs. Working primarily with mortgage providers, real estate brokerages, and financial institutions, Adam has developed, implemented, and remediated compliance programs for a variety of reporting entities.