Unlock the complexities of FINTRAC compliance to safeguard your practice. This course demystifies regulations and new developments, equipping you with essential knowledge to mitigate risks.
This course delivers an in-depth overview of Canada’s evolving anti-money laundering (AML) and anti-terrorist financing (ATF) framework under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA). It explores FINTRAC’s mandate, enforcement powers, and the growing compliance expectations for reporting entities, including accounting firms and financial institutions.
Drawing on real-world experience, the presentation explains how FINTRAC collects and analyzes financial intelligence, how global standards such as the Financial Action Task Force (FATF) evaluation shape Canadian policy, and how new legislation—particularly Bill C-2 (the Strong Borders Act)—will transform the compliance environment.
Participants will gain practical insight into risk-based program design, suspicious transaction reporting, beneficial ownership requirements, and emerging technologies such as AI in financial crime detection. The course also addresses increasing penalties, the introduction of national registries, and how professionals can prepare for more rigorous audits and oversight.
By connecting legal requirements with day-to-day practice, this session helps professionals strengthen compliance systems, identify vulnerabilities, and maintain organizational integrity in a rapidly changing regulatory landscape.
Topics Covered
1. FINTRAC’s Role and Core Mandate
2. International Standards and FATF Review
3. Bill C-2 – The Strong Borders Act
4. National Risk Assessment and Sector Exposure
5. Professional Obligations under the PCMLTFA
6. Beneficial Ownership and Transparency Rules
7. Suspicious Transaction Reporting
8. Enforcement and Penalties
9. Emerging Issues: AI and Sanctions Evasion
The CPA Small Practitioners’ Forum was created to offer an inviting, semi-causal, and easygoing professional development weekend that provides substantial professional development value to small practitioners. All profit earned by the CPA Small Practitioners’ Forum is donated to the Alberta CPA Education Foundation, so you are helping young people in Canada get scholarships for university. All these courses are reviewed by the delegates at the Forum in Banff annually so we have a great lineup that is adjusted every year to keep things relevant to small practitioners. If you work at a public accounting firm in Canada with employees of 1-50 people, you are our target demographic and you should find this course useful.
Chief Anti-Money Laundering Officer at ATB Financial
Monica Stark, based in Edmonton, AB, CA, is currently a Chief Anti-Money Laundering Officer at ATB Financial, with a robust skill set that includes banking, AML, retail banking, financial risk, credit risk, and more.
