As financial crime grows increasingly sophisticated, regulatory scrutiny for reporting entities is on the rise. In this conversation, Torys’ AML team explores the latest regulatory developments, trends and emerging risks in anti-money laundering enforcement efforts, and explores best practices for dealing with FINTRAC to proactively reduce the risk of enforcement action. 

This podcast, taken from a recent webinar, provides an overview of FINTRAC’s supervisory framework and its Administrative Monetary Penalty (AMP) regime, highlighting recent trends in enforcement actions and proposed legislative amendments.