23rd Annual Canadian Forum on Anti-Money Laundering and Financial Crime - WEB

Featuring Keynote Speakers from:

FINTRAC, Department of Finance, Bank of Canada, and OSFI

June 5–6, 2024 | One King West Toronto

23rd Annual Canadian Forum on

Anti-Money Laundering

and Financial Crime Canada’s Leading AML Compliance and Financial Crimes Forum

CONFERENCE CO-CHAIRS

EARN CPD CREDITS

KEYNOTE SPEAKERS

Ana Folgar Manager, AML, Global Wealth Management Scotiabank

Donna Achimov Chief Compliance Officer and Deputy Director FINTRAC

Gabriel Ngo Director of Enforcement, Retail Payments Supervision Bank of Canada

Khaled Shoeb, MFAcc, CFE AVP, AML & Financial Crime Risk - Canada & Latin America Wells Fargo

Erin Hunt Director General, Financial Crimes and Security Division Department of Finance Canada

Kathy Thompson Assistant Superintendent, National Security Sector Office of the Superintendent of Financial Institutions (OSFI)

EXCLUSIVE LINEUP OF GOVERNMENT OFFICIALS AND INDUSTRY THOUGHTLEADERS: John Armit Acting Detective Sergeant, Anti-Rackets Branch (ARB) Ontario Provincial Police Valerie Dahan Detective Constable - Financial Crimes Unit, Asset Forfeiture Unit Toronto Police Service

Kevin deBruyckere Director, AML & Investigations, Legal, Compliance, Security British Columbia Lottery Corporation (BCLC) Nolan Fuller Attaché, IRS Criminal Investigation United States Embassy - Ottawa

Melinda Murray Executive Director, Criminal Property Forfeiture Branch Manitoba Justice Gary Valiquette Prosecutor, Guns and Gangs Unit Ontario Ministry of the Attorney General

ASSOCIATE SPONSOR

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Canadian Institute’s 23rd Annual Flagship Canadian Forum on Anti-Money Laundering and Financial Crime brings together Canada’s prominent regulators with industry thought leaders from the financial institutions sector to explore ongoing concerns faced by Anti-Money Laundering (AML) and Financial Crimes professionals during an unprecedented time of increased scrutiny and enforcement.

FEATURED SPEAKERS:

Chief Executive Officer and Chief Compliance Officer Coinsquare

TORSTEIN BRAATEN

Campaign Manager, Beneficial Ownership Transparency Publish What You Pay Canada

SASHA CALDERA

GARRY CLEMENT

VALERIE DAHAN

DREW GALOW, M.SC.

PETER M. GERMAN, KC, PHD

Detective Constable Financial Crimes Unit, Asset Forfeiture Unit Toronto Police Service

AML CDAO and Head, Technology and Analytics BMO Financial Group

Chief Anti-Money Laundering Officer Versabank

President & Executive Director International Centre for Criminal Law Reform (ICCLR)

SAM COOPER

National Online Journalist, Investigative Global News

RITA TRICHUR

Senior Business Writer and Columnist The Global and Mail

Gain Insights from Industry Speakers and Thoughtleaders: ĉ Arthur J. Gallagher

ĉ Global News

ĉ Publish What You Pay Canada

ĉ BMO Financial Group

ĉ The Globe and Mail

ĉ Scotiabank

ĉ Bank of Canada

ĉ International Centre for Criminal Law Reform (ICCLR)

ĉ Transparency International

ĉ British Columbia Lottery Corporation ĉ Coinsquare ĉ Department of Finance Canada ĉ FINTRAC

ĉ Ontario Ministry of the Attorney General ĉ Office of the Superintendent of Financial Institutions (OSFI)

ĉ United States Embassy - Ottawa ĉ VersaBank ĉ Wells Fargo

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AGE NDA AT-A -G L A N C E PRE-CONFERENCE WORKSHOPS | Tuesday, June 4, 2024 WORKSHOP A CLOCK 9:00 AM–12:30 PM

WORKSHOP B CLOCK 1:30 PM–5:00 PM

FINTRAC PREPAREDNESS: How to Complete the Perfect STR: Step-by-Step Guidance on Writing and Submitting High Quality STRs to FINTRAC, Avoiding the Pitfalls of Incomplete STR Reports

KYC WORKSHOP: Complete Guide to Perpetual KYC: How to Navigate the Complexities of Ever-Changing KYC

MAIN CONFERENCE DAY 1 Wednesday, June 5, 2024 | 8:00 am–5:00 pm

MAIN CONFERENCE DAY 2 Thursday, June 6, 2024 | 8:00 am–5:00 pm

8:00 am

Networking Breakfast and Registration

8:00 am

Networking Breakfast and Registration

9:00 am

Opening Remarks from the Co-Chairs

9:00 am

Opening Remarks from the Co-Chairs

9:10 am

OPENING KEYNOTE with FINTRAC

9:10 am

FINANCE CANADA KEYNOTE

9:45 am

Bill C-42 and the National Public Beneficial Ownership Register: How Financial Institutions Can Prepare for Compliance with Canadian Transparency Requirements

9:45 am

10:45 am

Networking Break

Cryptocurrency Scams and Cyber Fraud Trends in Money Laundering: The Latest in Romance Scams, Pig Butchering, and Navigating the Crypto Investment Fraud Landscape in Canada

11:15 am

The Role of AML Legal in the Modern AML Regime

10:45 am

Networking Break

12:00 pm

Networking Luncheon

11:15 am

1:00 pm

OSFI KEYNOTE

Fighting Modern Slavery by Identifying Human Trafficking-Related Money Laundering Indicators and Strengthening Law Enforcement Collaboration

1:30 pm

Unexplained Wealth Orders Update: Impacts, Updates, and What’s Ahead for UWOs and Civil Forfeiture in BC and Beyond

12:00 pm

Networking Luncheon

1:00 pm

FIRESIDE CHAT KEYNOTE with Bank of Canada

1:30 pm

AI IN AML, PART II AI Risks and Deep Fakes in the Fight Against Money Laundering: Protecting Your Organization from the Rise of AI-Generated Threats

2:00 pm

Navigating Online Gambling in a Post-Cullen World: Convergence of Online Gambling, Sports Betting and Financial Crime Across Canada

3:00 pm

Networking Break

3:15 pm

Redefining Your Risk Strategy: Best Practices for Conducting a Comprehensive Risk Assessment to Identify Gaps in Your AML Program

4:00 pm

Case Study on IWT - Project Anton: Disrupting Illegal Wildlife Trade through Innovative International Public-Private Partnerships

5:00 pm

Closing Remarks from the Co-Chairs and Conference Adjourns

2:30 pm

AI IN AML, PART I Operationalizing AI in AML: Optimizing AML Efficiency and Effectiveness through AI

3:15 pm

Networking Break

3:30 pm

New Reporting Entities Under the PCMLTFA: Exploring Expanded Sector Regulations Related to Real Estate, Including Armored Car Services, Mortgage Lenders, Mortgage Brokers, and Private Lenders

4:15 pm

International AML Trends and Threats Report: Exploring Risks Related to China, Russia, Iran, and North Korea in Canada’s AML and CFT Landscape

5:00 pm

Closing Remarks and Day 1 Adjourns to Networking Cocktail Reception

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2024 SPEAKING FACULTY KEYNOTE SPEAKERS Donna Achimov Chief Compliance Officer and Deputy Director FINTRAC Erin Hunt Director General, Financial Crimes and Security Division Department of Finance Canada Gabriel Ngo Director of Enforcement, Retail Payments Supervision Bank of Canada Kathy Thompson Assistant Superintendent, National Security Sector Office of the Superintendent of Financial Institutions (OSFI)

CONFERENCE CO-CHAIRS

Cheryl Ringor Senior Director, Policy, Compliance and Integrity Innovation, Science and Economic Development Canada (ISED) Gary Valiquette Prosector, Guns and Gangs Unit Ontario Ministry of the Attorney General Gregory Vandekerckhove Detective Constable, Human Trafficking Enforcement Team Toronto Police Service

INDUSTRY SPEAKERS AND THOUGHT LEADERS Umair Azam Legal Counsel Canadian Bankers Association Dean Baxendale President & Publisher Optimum Publishing International Andres Betancourt VP AML, Sanctions, Internal Audit & Internal Controls PNC

Ana Folgar Manager, AML, Global Wealth Management Scotiabank

Sumit Bhatia Chief Business Officer Toronto Business Development Centre (TBDC)

Khaled Shoeb, MFAcc, CFE AVP, AML & Financial Crime Risk Canada & Latin America Wells Fargo

Torstein Braaten Chief Executive Officer and Chief Compliance Officer Coinsquare

GOVERNMENT SPEAKERS John Armit Acting Detective Sergeant, Anti-Rackets Branch (ARB) Ontario Provincial Police David Coffey Detective - Financial Services Unit Toronto Police Service Jim Cruess Senior Litigation Counsel Ontario Securities Commission Valerie Dahan Detective Constable - Financial Crimes Unit, Asset Forfeiture Unit Toronto Police Service Kevin deBruyckere Director, AML & Investigations, Legal, Compliance, Security British Columbia Lottery Corporation (BCLC) Mitchell A. Flagg Crown Counsel, Serious Fraud Office/ Complex Prosecutions Bureau Ministry of the Attorney General Nolan Fuller Attaché, IRS Criminal Investigation United States Embassy - Ottawa Craig Hicks Civilian Criminal Investigator RCMP Patrick Moreau Team Lead, Terrorist Financing, Threats, International Unit FINTRAC Melinda Murray Executive Director, Criminal Property Forfeiture Branch Manitoba Justice Christopher Rhone Detective, Provincial Asset Forfeiture Unit Ottawa Police Service

Sasha Caldera Campaign Manager, Beneficial Ownership Transparency Publish What You Pay Canada Calvin Chrustie Senior Partner The Critical Risk Team Charlene Cieslik Chief Compliance Officer Localcoin Garry Clement Chief Anti-Money Laundering Officer VersaBank James Cohen Senior Director, Industry Practice Lead Moody’s Analytics Sam Cooper National Online Journalist, Investigative Global News Eugenio (Gene) DiMira Global Head of Revenue and Partnerships FinClusive Richard Dunwoody Founder Project Recover 2019 Cameron Field Vice President VIDOCQ Drew Galow, M.Sc. AML CDAO and Head, Technology and Analytics BMO Financial Group Peter M. German, KC, PhD President & Executive Director International Centre for Criminal Law Reform (ICCLR) Shahram Ghahremani Machine Learning Engineer, Financial Crimes York University

Duncan Halverson Director, AI/ML Research and Special Projects, Financial Crime Scotiabank Will Hill Executive Director Canadian Lottery Coalition Jason Ho Associate Vice President, AML and Sanctions Advisory TD Joseph Iuso Head of Global Regulatory Affairs KYC2020 Brendan King Intelligence Analyst Wildlife Justice Commission Dwayne King AML Compliance Officer WFCU Credit Union Joseph Mari Director, Anti-Money Laundering Financial Intelligence Unit (AML FIU) Global AML Scotiabank Derek Ramm Global Head, Advisory Services Kinectify Amber D. Scott Co-Founder and CEO Outlier Solutions Inc. Raju Sidhu Senior Counsel, Legal and Regulatory Compliance BMO Financial Group Fara Francois Sim Chief Anti-Money Laundering Officer CITCO Bank Canada Jeff Simser Barrister & Solicitor Former Legal Director Ministry of Attorney General Sandy Stephens VP & Chief Compliance Officer Alterna Savings Alterna Bank Rita Trichur Senior Business Writer and Columnist The Globe and Mail Murali Vijendren Chief AI Risk Officer, Head of Generative AI for Cyber Implementation SigmaRed Technologies John Wojcik Associate Programme Officer, Organized Crime Analysis & Threat Monitoring United Nations Office on Drugs and Crime (UNODC) Emily Zheludev Head of Canada Financial Crimes Compliance Stripe

LAW FIRM SPEAKERS Peter Aziz Senior Counsel Torys LLP John Boscariol Partner McCarthy Tétrault LLP Anden Chow Partner MoloLamken LLP Jacqueline Shinfield Partner Blake, Cassels & Graydon LLP

Workshops are offered in-person only.

PRE-CONFERENCE WORKSHOPS Tuesday, June 6, 2023 WORKSHOP A

CLOCK 9:00 AM–12:30 PM

FINTRAC PREPAREDNESS STR WORKSHOP: Step-by-Step Guidance on Writing and Submitting High Quality STRs to FINTRAC Microphone-alt Dwayne King, AML Compliance Officer, WFCU Credit Union Amber D. Scott, Co-Founder and CEO, Outlier Solutions Inc. In December 2023, FINTRAC levied its largest-ever fine related to standards on processes to report suspicious transactions, leaving many organizations scrambling to identify and fill in any potential gaps related to their own STR processes and procedures.

STR requirements under the PCMLTFA apply to all reporting entity sectors, and their AML reporting obligations include monitoring financial transactions for signs of suspicious activity and filing Suspicious Transaction Reports (STRs) to FINTRAC. During this workshop, we will break down changes to the STR reporting form as well as overall guidance on writing and submitting a high-quality STR, including: • To file or not to file? Preparing to submit a high-quality STR and navigating failure to file • Preparing for FINTRAC examinations and responding to information requests • Effectively detecting and reporting suspicious transactions to FINTRAC • Lessons learned from recent AML violation cases • Implementing a risk-based approach to your overall AML compliance program • FINTRAC’s risk-based examination framework • Next steps if you have received a request from FINTRAC

WORKSHOP B

CLOCK 1:30 PM–5:00 PM

INCLUDES 3 HOURS CPD

KYC WORKSHOP Complete Guide to Perpetual KYC: How to Navigate the Complexities of Ever-Changing KYC

Microphone-alt Andres Betancourt, VP AML, Sanctions, Internal Audit & Internal Controls, PNC

Eugenio (Gene) DiMira, Global Head of Partnerships, FinClusive Mitigating the AML risks associated with customer acquisition and retention require strong Know Your Customer (KYC) and Customer Due Diligence (CDD). During this deep-dive workshop, new and experienced AML and Financial Crimes professionals will learn key aspects and challenges of navigating the complexities of ever-changing KYC. This deep-dive workshop will provide guidance and practical advice on how to perform CDD and KYC in a manner that makes the grade to avoid the risk of penalty.

During this workshop, we will explore: • Exploring e-KYC and Perpetual KYC (PKYC) » Benefits of a PKYC approach • Improving efficiency in the AML/KYC onboarding process • Achieving a data-led approach and implementing automation • Navigating the numerous challenges related to overhauling KYC processes • Improving reporting standards to better justify risk-based decisions • Managing the increasing importance of documentation to demonstrate Customer Due Diligence (CDD) • Optimizing and integrating automating CDD processes

WHO SHOULD ATTEND Anti-Money Laundering, Risk Management and Compliance Professionals in: y Credit Unions

y Mortgage Companies

y Foreign Exchange Dealers

y Trust & Loan Companies

y Securities & Fund Brokers & Dealers

y Subsidiaries of International Financial Institutions

y Investment and Financial Managers & Advisors

y Other Financial and Money Services Businesses

y Insurance and Re-Insurance y Asset-Management y Securities Firms

As well as Senior Professionals working in the areas of: y Payment Processing y Virtual Currency y Precious Metals, Gems and Jewelry

y Real Estate Development & Brokerage

y Legal Services

y Accounting

y Financial Policy & Regulation

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y Gaming & Casino Operations

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MAIN CONFERENCE DAY 1 Wednesday, June 5, 2024 8:00 am Networking Breakfast and Registration

11:15 am

9:00 am

The Role of AML Legal in the Modern AML Regime

Opening Remarks from the Co-Chairs Microphone-alt Ana Folgar, Manager, AML, Global Wealth Management, Scotiabank

Khaled Shoeb, MFAcc, CFE, AVP, AML & Financial Crime Risk Canada & Latin America, Wells Fargo 9:10 am

OPENING KEYNOTE with FINTRAC

Strengthening Protections Against Financial Crimes Across Canada: Modernization, Supervision, and Enforcement Updates Donna Achimov Chief Compliance Officer and Deputy Director FINTRAC 9:45 am

Bill C-42 and the National Public Beneficial Ownership Register: How Financial Institutions Can Prepare for Compliance with Canadian Transparency Requirements Microphone-alt Sasha Caldera, Campaign Manager, Beneficial Ownership Transparency, Publish What You Pay Canada

Microphone-alt Anden Chow, Partner, MoloLamken LLP Raju Sidhu, Senior Counsel, Legal and Regulatory Compliance, BMO Financial Group Sandy Stephens, VP & Chief Compliance Officer, Alterna Savings Alterna Bank Moderator: Peter Aziz, Senior Counsel, Torys LLP In the modern AML regime in Canada, AML legal plays a crucial role in shaping regulatory compliance and enforcing measures to combat financial crime effectively. During this panel, we will explore: • Drafting and implementing policies and procedures to ensure compliance with evolving AML regulations and international standards • Providing legal guidance and support in investigations and enforcement actions related to suspected money laundering activities • Collaborating with regulatory authorities and law enforcement agencies to enhance information sharing and coordination in AML efforts • Improving collaboration between legal and compliance personnel • Navigating internal information sharing • A look at the different kinds of production orders and external intelligence, and how to react to them 12:00 pm Networking Luncheon 1:00 pm

Kathy Thompson Assistant Superintendent, National Security Sector Office of the Superintendent of Financial Institutions

Charlene Cieslik, Chief Compliance Officer, Localcoin Cheryl Ringor, Senior Director, Policy, Compliance and Integrity, Innovation, Science and Economic Development Canada (ISED) Moderator: James Cohen, Senior Director, Industry Practice Lead, Moody’s Analytics Bill C-42, which creates amendments to the Canada Business Corporations Act (CBCA), aims to achieve greater transparency related to beneficial ownership of Canadian corporations governed by the Act. As of January 2024, businesses incorporated under the CBCA are required to file information on individuals with significant control (ISCs) with Corporations Canada. The Act amendments also propose making information available to the public. During this critical discussion, we will explore: • Canada’s Beneficial Owner Registry in a global context • Where do the provinces fit into the federal national registry?

• Clarity and best practices related to discrepancy reporting • How are provinces building out technology related to the registry • Steps toward a pan-Canadian Beneficial Ownership registry • Guidance on requirements for the federal registry, including its implementation and timeline for reporting and disclosing information on your corporate ownership and control • How federal, provincial, and territorial governments are working on Beneficial Ownership transparency 10:45 am Networking Break

OSFI KEYNOTE

The Office of the Superintendent of Financial Institutions’ expanded mandate to address integrity and security risks with FRFIs, including foreign interference; its role in anti-money laundering and financial crime; and, how it works with its partners.

1:30 pm

Unexplained Wealth Orders Update: Impacts, Updates, and What’s Ahead for UWOs and Civil Forfeiture in BC and Beyond Microphone-alt Valerie Dahan, Detective Constable, Organized Crime

Enforcement, Financial Crimes Unit - Asset Forfeiture, Toronto Police Service

Melinda Murray, Executive Director, Criminal Property Forfeiture Branch, Manitoba Justice Jeff Simser, Barrister & Solicitor, Former Legal Director, Ministry of Attorney General Gary Valiquette, Prosector, Guns and Gangs Unit, Ontario Ministry of the Attorney General Moderator: Peter M. German, KC, PhD, President & A/Executive Director, International Centre for Criminal Law Reform (ICCLR), Chair, Advisory Committee, Vancouver Anti-Corruption Centre (VACI)

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The British Columbia government intensified its efforts against organized crime by introducing a new set of measures aimed at confiscating the proceeds of criminal activities, including high-end vehicles, extravagant residences, and luxury items, thereby diminishing the profitability of organized crime activity.

The government enacted several amendments to the Civil Forfeiture Act, notably introducing unexplained wealth orders (UWOs), which mandate that individuals clarify the origins of their assets when suspicions of illicit activity arise. UWOs serve as a potent tool enabling the government to deal with asset concealment through familial or associate ties, helping dismantle the incentives associated with organized criminal activities.

This panel will focus on: • The targeting of high-value assets • Recent amendments to civil forfeiture legislation in British Columbia and Manitoba, including the establishment of unexplained wealth orders (UWOs) as a key strategy • Building stronger cases against assets used in organized crime, drug trafficking and money laundering • The advantages and potential pitfalls of UWOs 2:30 pm

AI in AML | PART I

Operationalizing AI in AML: Optimizing AML Efficiency While Protecting Fundamental Rights and Data Privacy Microphone-alt Drew Galow, M.Sc., AML CDAO and Head, Technology and Analytics, BMO Financial Group

Murali Vijendran, Chief AI Risk Officer, Head of Generative AI for Cyber Implementation, SigmaRed Technologies Moderator: Sumit Bhatia, Chief Business Officer, Toronto Business Development Centre (TBDC) In the current landscape, the Canadian government is increasingly turning to artificial intelligence (AI) as a potent tool in the battle against money laundering. AI empowers companies to analyze unprecedented volumes of data, significantly enhancing the detection of suspicious activities. In this discussion focused on AI and its role in combating money laundering, we will delve into several key aspects, including: • Balancing the operationalization of AI in AML with privacy and data protection • How FINTRAC is increasing reliance on AI » Best practices for using AI to scan for suspicious transactions » How FINTRAC is leveraging AI to improve collaboration with financial institutions • Leveraging AI to cut costs and drive efficiencies • Navigating the risks, capabilities, and limitations of AI • Top questions to ask when comparing AI tools from different vendors • Identifying the value and use of AI in transactions monitoring 3:15 pm Networking Break

MEDIA PARTNERS

3:30 pm

New Reporting Entities Under the PCMLTFA: Exploring Expanded Sector Regulations Related to Real Estate, Including Armored Car Services, Mortgage Lenders, Mortgage Brokers, Private Lenders, and Title Insurers Microphone-alt Mitchell A. Flagg, Crown Counsel, Serious Fraud Office/Complex Prosecutions Bureau, Ministry of the Attorney General

Jacqueline Shinfield, Partner, Blake, Cassels & Graydon LLP Moderator: Christopher Rhone, Detective, Provincial Asset Forfeiture Unit, Ottawa Police Service On February 18, 2023, draft regulations proposing amendments to the PCMLTFA were published, initiating a 30-day consultation period. Among various proposed alterations, mortgage lending entities (such as lenders, brokers, and administrators) as well as armoured car companies would be brought under the purview of the anti-money laundering (AML) and antiterrorist financing (ATF) obligations outlined in the Act and its associated regulations. During this panel discussion, we will explore: • Exploring the implications and requirements for newly added reporting entities in complying with AML and ATF obligations • Examining the expansion of sector regulations to cover mortgage lenders and mortgage brokers • Introduction of new AML obligations for armoured car companies • The landscape of heightened penalties for illicit cross-border cash 4:15 pm

International AML Trends and Threats Report: Exploring Risks Related to China, Russia, Iran, and North Korea in Canada’s AML and CFT Landscape Microphone-alt Calvin Chrustie, Senior Partner, The Critical Risk Team Garry Clement, Chief Anti-Money Laundering Officer, VersaBank Sam Cooper, National Online Journalist, Investigative, Global News John Boscariol, Partner, McCarthy Tétrault LLP Moderator: Dean Baxendale, President and Publisher, Optimum Publishing International As Canada's financial institutions navigate an increasingly interconnected world, understanding the intricacies of these nations' financial activities is paramount to mitigating potential risks. During this panel, delve into the evolving risks posed by major global actors such as China, Russia, Iran, and North Korea within Canada's AML and CFT landscape as we explore: • Analysis of evolving risks associated with China, Russia, Iran, and North Korea within Canada's AML and CFT landscape • Examination of emerging trends and tactics employed by these nations in illicit financial activities • Potential implications for Canada's AML and CFT efforts stemming from financial activities of these jurisdictions • Recommendations for mitigating risks and strengthening AML/CFT measures in light of the findings regarding China, Russia, Iran, and North Korea • Assessment of the impact of international AML trends and threats on Canada's financial institutions and regulatory framework 5:00 pm

Day 1 Adjourns to Networking Cocktail Reception REGISTER NOW CanadianInstitute.com/AML • 1 877 927 7936

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MAIN CONFERENCE DAY 2 Thursday, June 6, 2024 8:00 am Networking Breakfast and Registration

10:45 am Networking Break

9:00 am

11:05 am

Opening Remarks from the Co-Chairs Microphone-alt Ana Folgar, Manager, AML, Global Wealth Management, Scotiabank

Khaled Shoeb, MFAcc, CFE, AVP, AML & Financial Crime Risk Canada & Latin America, Wells Fargo 9:10 am

Department of Finance Canada Keynote

Insights and Updates on the 5-Year PCMLTFA Review and Consultation on Strengthening Canada’s AML and ATF Regime Erin Hunt Director General, Financial Crimes and Security Division Department of Finance Canada 9:45 am

Cryptocurrency Scams and Cyber Fraud Trends in Money Laundering: The Latest in Romance Scams, Pig Butchering, and Navigating the Crypto Investment Fraud Landscape in Canada Microphone-alt Torstein Braaten, Chief Executive Officer and Chief Compliance Officer, Coinsquare

David Coffey, Detective - Financial Services Unit, Toronto Police Service Nolan Fuller, Attaché, IRS Criminal Investigation, United States Embassy - Ottawa Craig Hicks, Civilian Criminal Investigator, RCMP John Wojcik, Associate Programme Officer, Organized Crime Analysis & Threat Monitoring, United Nations Office on Drugs and Crime (UNODC) Moderator: John Armit, Acting Detective Sergeant | Anti-Rackets Branch (ARB), Ontario Provincial Police Cryptocurrency scams and cyber fraud trends have become increasingly prevalent avenues for money laundering, presenting novel challenges in Canada's financial landscape. This panel discussion explores the latest manifestations of fraudulent activities, including romance scams and the peculiar "pig butchering" schemes, within the cryptocurrency domain. As perpetrators continually adapt their tactics to exploit digital platforms, understanding and navigating the evolving crypto investment fraud landscape is crucial for financial institutions and law enforcement agencies alike. During this critical discussion, we will explore: • Examination of the rise of romance scams and "pig butchering" schemes as emerging trends in cryptocurrency fraud • Analysis of the techniques employed by criminals to launder money through cryptocurrency channels • Exploration of the challenges faced by financial institutions in detecting and preventing cryptocurrency-related fraud and money laundering • Discussion on the role of regulatory bodies and law enforcement agencies in combating cryptocurrency scams and cyber fraud • Recommendations for enhancing cybersecurity measures and regulatory frameworks to address the evolving threat landscape posed by cryptocurrency-related illicit activities

Fighting Modern Slavery by Identifying Human Trafficking-Related Money Laundering Indicators and Strengthening Law Enforcement Collaboration in the Emerging Next Chapter of Human Trafficking Microphone-alt Umair Azam, Legal Counsel, Canadian Bankers Association Jim Cruess, Senior Litigation Counsel, Ontario Securities Commission Richard Dunwoody, Founder, Project Recover 2019 Silvija Krupena, Director of Financial Intelligence Unit (FIU), RedCompass Labs Gregory Vandekerckhove, Detective Constable, Human, Trafficking Enforcement Team, Toronto Police Service Moderator: Rita Trichur, Senior Business Writer and Columnist, The Globe and Mail In the modern global landscape, financial institutions serve as crucial gatekeepers in the fight against illicit activities such as human trafficking and money laundering. As transnational criminal organizations and terrorists continually evolve their tactics, it becomes imperative for financial institutions to stay vigilant and adapt to emerging red-flag indicators.

This panel discussion will delve into the latest strategies employed by these nefarious groups in Canada and the US, exploring the intersection of financial crimes and human trafficking. During this panel, we will explore: • Identifying red-flag indicators of human trafficking for financial institutions • Exploring the latest money laundering tactics used by transnational criminal organizations and terrorists in Canada and the US • Examining information-sharing efforts among federal agencies in Canada • Utilizing data technology to detect trafficking-related suspicious activities • Collaborating with law enforcement agencies to support money laundering investigations and prosecutions • Exploring the use of shell companies in Canada to launder money 12:00 pm Networking Luncheon 1:00 pm

FIRESIDE CHAT KEYNOTE with Bank of Canada

Guidance on the RPAA: How MSBs, PSPs, and the Financial Institutions that Bank Them Should Prepare for Canada’s New Retail Payments Regime Gabriel Ngo Director, Enforcement, Retail Payments Supervision Bank of Canada Moderator: Ana Folgar, Manager, AML, Global Wealth Management, Scotiabank The PCMLTFA and RPAA seek to regulate overlapping activities—those defined as a money services business, and retail payment activities of a payment service provider, respectively. This panel will examine similarities and differences in these definitions, and what each statue requires of these entities beyond registration. Most MSBs will face significant and different compliance obligations under the PCMLTFA and the RPAA. During this panel, we will explore:

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• Understanding where the PCMLTFA and RPAA regimes intersect for PSPs and how to ensure compliance with both • Understanding the scope of the new regulations • Preparing for registration requirements under the RPAA that will come into force on November 1, 2024 • Insights into how the BOC interprets its mandate in respect of who is subject to the RPAA and it casts the BOC’s regulatory net very broadly • New requirements for PSPs that hold client funds, and the implications for FIs who offer deposit accounts to these entities 1:30 pm

AI in AML | PART II

Navigating AI Risks and Deep Fakes in the Fight Against Money Laundering: Protecting Your Organization from the Rise of AI-Generated Threats Microphone-alt Shahram Ghahremani, Machine Learning Engineer, Financial Crimes, York University

Moderator: Joseph Iuso, Head of Global Regulatory Affairs, KYC2020 As organizations increasingly turn to AI to bolster their AML efforts, navigating the risks posed by AI-generated threats, including deep fakes, is critical. Deep fakes, AI-generated images, videos, or audio recordings, pose significant challenges in verifying the authenticity of financial transactions and detecting fraudulent activities. In the current landscape, it is essential for organizations to implement robust strategies to protect against these emerging threats while harnessing the benefits of AI technology in their AML frameworks. During this panel, we will explore: • Implementing advanced authentication and verification mechanisms to mitigate the risk of deep fakes in financial transactions • Enhancing AI models with anti-spoofing capabilities to detect and prevent fraudulent activities related to illicit finance • Conducting regular training and awareness programs for employees to recognize and respond to AI-generated threats effectively • Collaborating with industry peers and regulatory authorities to share best practices and insights on mitigating AI-related risks in AML • Top questions to ask when comparing AI tools from different vendors • Investing in cutting-edge technologies and solutions specifically designed to detect and counteract deep fakes and other AI-generated threats in the financial sector 2:00 pm

Navigating Online Gambling in a Post-Cullen World: Convergence of Online Gambling, Sports Betting and Financial Crime Across Canada Microphone-alt Kevin deBruyckere, Director, AML & Investigations, Legal,

Compliance, Security, British Columbia Lottery Corporation (BCLC)

Jason Ho, Associate Vice President, AML and Sanctions Advisory, TD Derek Ramm, Global Head of Advisory Services, Kinectify Moderator: Will Hill, Executive Director, Canadian Lottery Coalition

In the wake of the Cullen Commission's inquiry into money laundering in British Columbia's casinos, navigating the landscape of online gambling has become increasingly complex, particularly with the convergence of online gambling, sports betting, and financial crime across Canada. Join this panel discussion as we delve into the challenges and opportunities presented by the evolving online gambling sector, examining the intersections with sports betting and the potential implications for financial crime prevention efforts.

During this panel discussion, we will explore: • Strategies to address emerging risks and vulnerabilities in the digital realm • Analysis of the impact of the Cullen Commission's inquiry on the online gambling sector in Canada • Exploration of the convergence between online gambling, sports betting, and financial crime in the digital realm • Examination of regulatory frameworks and challenges in overseeing online gambling activities across different province • The role of financial institutions in detecting and preventing financial crime associated with online gambling • Recommendations for enhancing collaboration among regulators, financial institutions, and law enforcement agencies to address emerging risks in the online gambling landscape 3:00 pm Networking Break 3:15 pm

Redefining Your Risk Strategy: Best Practices for Conducting a Comprehensive Risk Assessment to Identify Gaps in Your AML Program Microphone-alt Ana Folgar, Manager, AML, Global Wealth Management, Scotiabank

Khaled Shoeb, MFAcc, CFE, AVP, AML & Financial Crime Risk Canada & Latin America, Wells Fargo Fara Francois Sim, Chief Anti-Money Laundering Officer, CITCO Bank Canada Emily Zheludev, Head of Canada Financial Crimes Compliance, Stripe Moderator: Andres Betancourt, VP AML, Sanctions, Internal Audit & Internal Controls, PNC Redefining your risk strategy necessitates a thorough and comprehensive risk assessment to identify gaps in your AML program. This entails not only understanding the inherent risks associated with your business operations, but also staying ahead of evolving regulatory requirements and emerging financial crime trends. A robust risk assessment framework should encompass a holistic approach that considers factors such as customer profiles, transaction volumes, geographical risks, and product/ service offerings. By conducting regular and systematic risk assessments, organizations can proactively identify vulnerabilities in their AML program and implement targeted measures to mitigate risks effectively.

During this panel discussion, we will explore: • Comprehensive evaluation of inherent risks associated with business operations and financial services • Staying updated on evolving regulatory requirements and emerging financial crime trends with a risk-based approach • Regular and systematic risk assessments to proactively identify vulnerabilities in the AML program • Implementation of targeted measures to mitigate identified risks effectively and ensure compliance with regulatory standards

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4:00 pm

Case Study on IWT — Project Anton: Disrupting Illegal Wildlife Trade through Innovative International Public-Private Partnerships Microphone-alt Duncan Halverson, Director, AI/ML Research and Special Projects, Financial Crime, Scotiabank

Brendan King, Intelligence Analyst, Wildlife Justice Commission Joseph Mari, Director, Anti-Money Laundering Financial Intelligence Unit (AML FIU) Global AML, Scotiabank Patrick Moreau, Team Lead, Terrorist Financing, Threats, International Unit, FINTRAC Moderator: Cameron Field, Vice President, VIDOCQ By bringing together governments, law enforcement agencies, conservation organizations, and technology companies, Project Anton represents a collaborative approach to combatting the illicit trafficking of wildlife. This initiative leverages advanced technologies and data analytics to enhance surveillance and enforcement efforts, targeting key nodes in the illegal wildlife supply chain. Through strategic coordination and information sharing, Project Anton aims to dismantle criminal networks involved in IWT while also addressing the root causes of wildlife crime.

The duration, content and speakers.

Great learning for me. I am taking a number of deliverables.

– CCO, CAMLO, CPO AND VP, HABIB CANADIAN BANK

Good conference, well organized, good content, especially the presentation of AML compliance across various sectors.

– MANAGER, ANTI-MONEY LAUNDERING, FIRSTONTARIO CREDIT UNION

During this session, we will explore: • Overview of Project Anton's collaborative framework involving governments, law enforcement, conservation groups, and technology firms • Utilization of advanced technologies and data analytics to enhance surveillance and enforcement against illegal wildlife trade • Targeting key nodes in the illegal wildlife supply chain to disrupt criminal networks engaged in IWT • Strategic coordination and information sharing among stakeholders in combatting wildlife crime • Addressing underlying factors contributing to illegal wildlife trade 5:00 pm

Closing Remarks from the Co-Chairs and Conference Adjourns

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EARN CPD CREDITS

Legal Accreditation

This program can be applied towards 10.00 hours of annual Continuing Professional Development (CPD) required by the Law Society of Upper Canada.

Members of the Law Society of Saskatchewan seeking accreditation for an out of province activity are requested to submit the CPD Activity Application Form and agenda directly to the LSS for approval. The form is available on the LSS Website.

The same number of hours may be applied toward your continuing legal education requirements in British Columbia.

The Barreau du Quebec automatically recognizes the same number of hours for this training activity, the latter having been accredited by another Law Society subject to MCLE. Attendance at this program by members of the Law Society of Alberta may be submitted to the Law Society for Continuing Professional Development credits.

C5 celebrates 40 years of excellence! We are thrilled to have provided exceptional conference experiences globally with our outstanding team, speakers, sponsors, partners, and attendees. To mark this milestone, we're launching a new logo which represents our commitment to innovation, growth, and excellence, represented by the five Cs of C5: Current, Connected, Customer-Centric, Conscientious, and Committed.

Looking back on 40 years, we are grateful for our achievements—hosting global conferences, uniting industry leaders, and supporting business growth. However, we are not done yet! We are committed to pushing boundaries and creating impactful experiences and we're excited for the next 40 years of success.

10 | LINKEDIN International Trade & Economic Sanctions: Legal, Regulatory, and Compliance Professionals

#AML24

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April 29–30, 2024 | Washington, DC

November 19–20, 2024 | Toronto, ON

March 2025 | Toronto, ON

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Emma McAdam VP, Government Affairs

Janet Smith VP, General Counsel

Engage in meaningful dialogue with attendees and speakers in an interactive format.

Olivia Thomson Chief Compliance Officer

Luis Santos Director

Ramesh Kumar Partner

Meet 1-on-1 with attendees you select and exchange contact information for lasting connections and true engagement.

Expand your network to a global audience.

Jean Roux VP, Business Development

CONFERENCE CO-CHAIRS Ana Folgar Manager, AML, Global Wealth Management Scotiabank

Khaled Schoeb AVP, AML & Financial Crime Risk Canada & Latin America Wells Fargo

Patricia Harden Head of Sanctions Miyuki Johnson VP, Manufacturing

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WORKSHOP REGISTRATION FEES A: FINTRAC Preparedness: How to Complete the Perfect STR June 4, 2024: 9:00 am–12:00 pm

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B: KYC Workshop: Complete Guide to Perpetual KYC June 4, 2024: 1:30 pm–5:00 pm

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