FINTRAC Examinations: Preparing for a Brave New World
TCAE is excited to invite Elizabeth Sale, partner at Osler, Karen Creen, Sr. Compliance Officer & CAMLO at the Bank of China and Amber D. Scott, Founder & CEO of Outlier Solutions Inc. to the Knowledge Series session. This exciting session will be hosted and moderated by our founder, Souzan Esmaili.
Our speakers will cover a practical guide to FINTRAC examinations, and what to expect when FINTRAC begins examining against the updated obligations in April of this year.
- What to expect from FINTRAC examinations
- How FINTRAC examinations are changing
- How to manage through a penalty publication
Elizabeth Sale | Partner, Osler, Hoskin & Harcourt LL
Elizabeth is a partner at Osler, Hoskin & Harcourt LLP specializing in the regulation of financial institutions and other financial services providers, including banks, foreign banks, captive finance companies, payday lenders, insurance companies, trust companies, loan companies, participants in the payment card industry, money services businesses and fintechs. Her expertise includes advising reporting entities from a range of industry sectors on their legal and regulatory obligations under Canada’s anti-money laundering laws.
Karen Creen | CAMLO and Sr. Compliance Manager, Bank of China
Karen Creen started in Compliance in 2003 at a Global Commercial Bank in Toronto which was the perfect entrance to a career in Compliance and AML with the release of the PCMLTFA updates mid 2004. Since that time she has held roles as Manager AML & Compliance at a retail bank and has been appointed CAMLO and Compliance Officer for two Foreign Bank Branches. Working in small teams Karen learned to multi-task and see the intersections of AML and other Compliance disciplines including Privacy and Regulatory Compliance Management. Through her career she has led responses to multiple FINTRAC, OSFI and Cayman Islands Monetary Authority exams.
Amber D. Scott | Founder, CEO & Chief AML Ninja, Outlier Solutions Inc.
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.
Souzan Esmaili | Founder, TCAE
Souzan has over 16 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.
In 2019, when Souzan moved to Canada, she created TCAE with a passion to help, educate and empower Compliance & AML professionals around the world. She gained her first Canadian job experience by working as a subject matter expert on Anti Bribery & Corruption Program for Wells Fargo’s Canada and Latin America regions.
Prior to moving to Canada in 2019, Souzan worked for various financial institutions and consultancies. In her last role as a senior consultant, she assisted her clients to understand their compliance needs, advised on meeting regulatory requirements, and managed a multitude of remediation projects. She has acted as an Authorized Individual in the capacity of Compliance Officer and MLRO for a number of firms regulated by the Dubai Financial Services Authority (DFSA).
In October 2019, Souzan created 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.