HOW CAN BANKS MANAGE THE RISKS OF MSBS
TCAE is excited to invite Amber Scott and Carinta Manarelli to share their expertise on financial crime risk management from a banking & MSB perspective. Access to reliable banking services can be an existential challenge for Canadian money services businesses (MSBs). For financial service providers, there are both risks and rewards in providing banking services. Join us for an in-depth conversation about the banking landscape and best practices surrounding MSB banking.
This Knowledge Series session is proudly sponsored by MNP who have been avid supporters of TCAE since its inception. It is because of support such as this that TCAE is able to continue putting on these exciting events!
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- Recognize and evaluate risks related to MSB-banking relationships
- The regulatory expectation from Financial services and MSB perspective
- How to effectively manage the risk of MSBs in Banks
Amber D. Scott, MBA, CIPPC, CBP, CAMS | Founder, CEO & Chief AML Ninja, Outlier Solutions Inc. aka Outlier Compliance Group
Amber is a compliance geek with a passion for technology. After graduating from the University of Waterloo, Amber joined the compliance group at one of Canada’s largest insurers where she focused on the implementation of technology-based processes to streamline compliance. She has since worked in in-house roles with major securities firms and banks. Somewhere along the line, she added MBA, CBP, and a few other letters after her name.
Amber joined a boutique compliance consulting firm, then larger consulting firm, before getting frustrated enough with the status quo to launch Outlier Solutions Inc. (Outlier) in 2013. Outlier specializes in anti-money laundering (AML) and privacy compliance. The company is based on one of the premises of Malcolm Gladwell’s book Outliers: that to be really good at something you need a lot of practice (about 10,000 hours). Each of Outlier’s team members has 10,000 hours or more of in-house (not consulting) compliance experience. Amber loves leading this team of entrepreneurial compliance badasses.
Carinta Mannarelli, B.A.(Econ), CAMS | Founder, Global Currency Services Inc.
Carinta has been in the Money Service Business (MSB) space for over 20 years and divides her passion between a love for entrepreneurship and the world of MSBs. Having started her own first retail MSB in the year 2000, Carinta brings with her the experience of having “grown up” alongside FINTRAC (also born in 2000). Carinta currently owns and operates two MSBs and is the current Co-Chair (and founding member) of the Canadian Money Service Business Association (CMSBA). If nothing else, the past two decades has left Carinta with an appreciation of the delicate relationship that exists between banks and MSBs.
Souzan Esmaili, Founder | TCAE
Souzan Esmaili has over 14 years of international experience in consultancy and training with a focus on Regulatory Compliance, Anti-Money Laundering, Anti-Bribery and Corruption and RegTech. She worked for various financial institutions and consultancies in Dubai and Toronto.
She is currently working with one of the international banks in Toronto and covering the Anti-Bribery and Corruption program for Canada and Latin America.
Prior to moving to Canada, Souzan worked as a senior consultant and assisted her clients to understand their compliance needs, advised on meeting regulatory requirements and managed a multitude of remediation projects. She has acted as the Compliance Officer and MLRO for a number of firms regulated by the Dubai Financial Services Authority (DFSA) and advised extensively on matters related to Governance, Risk and Compliance (GRC).
In October 2019, Souzan created Toronto Compliance and AML Events (TCAE) with a passion to help the AML and Compliance professionals to connect and inform them of relevant events based in Toronto. In March 2020, Souzan launched The Knowledge Series where she brings international industry experts and thought leaders to share their knowledge and experience with the AML and Compliance professionals around the world.