SUSPICIOUS TRANSACTION INDICATORS & PROBING QUESTIONS
It is often a challenge to determine whether you have reasonable grounds to suspect a transaction is related to a money laundering or terrorism financing offences.
As a part of The Knowledge Series, Toronto Compliance & AML Events (TCAE) has invited Joseph Iuso, an industry expert, to walk us through what indicators and questions we should keep in mind when determining if a transaction is suspicious.
- Recognize some common indicators of money laundering and terrorist financing that will assist in identifying possible suspicious transactions (completed or attempted)
- Use questioning techniques to probe into a client’s transaction to determine whether a transaction (completed or attempted) is suspicious
- Identify possible suspicious transaction indicators
- Q & A with the featured speaker
Joseph Iuso, Senior Executive & Consultant | KYC2020
Joseph is a solutions-focused Senior Executive and Consultant with more than 30 years of success across the IT, AML compliance, banking, financial services, e-commerce, digital currency, and identity industries. He has leveraged his extensive experience in support of the financial services and retail payments sectors to ensure optimal ROI. Mr. Iuso holds and has held many leadership positions at companies including KYC2020, Payment Source, Bitbuy Technologies, UseMyServices, TEKchand LLC, ACHreturnsRX, RBC, JAWZ, CIBC, Interac, and IBM.
Joseph holds a Computer Systems Technology degree from Mohawk College as well as numerous certifications in Project Management, Technology, and AML Compliance. As a volunteer, he currently sits on the Canadian MSB Association board as the Executive Director and Director of Technology for friends of HMCS Haida. In the past he has held board positions with the Canadian MSB Association (Former Chairman and founding member), the Canadian Tandem Users Group, and the Canadian Association of Compaq Users, and various other technology and spiritual not-for-profit charities and associations. Joseph firmly believes in freely giving back to the community that has provided and continues to provide him with so much support.
Souzan Esmaili, Compliance & AML Consultant | Founder, TCAE
Souzan has over 14 years of international experience in consultancy and training with a focus in Regulatory Compliance, Anti-Money Laundering (AML), Anti-Bribery and Corruption (ABC) and RegTech. She worked for various financial institutions and consultancies in Dubai and Toronto. Souzan holds an MBA and achieved certifications such as Certified Anti Money Launder Specialist (CAMS), Post Graduate Diploma in GRC and FinTech Program from Oxford University.
Souzan created the TCAE group with a passion to help and educate the AML and Compliance professionals in Canada.