It’s All About the Money: FINTRAC’s Intelligence Sector Explained

aBOUT THIS EVENT

TCAE is so excited to have Michael Boole, AML Manager of FINTRAC’s Intelligence Sector with us. In this Knowledge Series session Michael will discuss the essential role that Reporting Entities play in driving FINTRAC’s financial intelligence forward. 

The presentation will discuss AML/CFT priorities from a Canadian perspective, and will provide concrete examples that illustrate the Compliance-Intelligence-Enforcement continuum.

About FINTRAC: 

FINTRAC (Financial Transactions and Reports Analysis Centre of Canada) is Canada’s financial intelligence unit (FIU) that assists in the detection, prevention and deterrence of money laundering and the financing of terrorist activities. FINTRAC’s financial intelligence and compliance functions are a unique contribution to the safety of Canadians and the protection of the integrity of Canada’s financial system.

Learning outcome

  • The importance and role of Reporting Entities for FINTRAC’ financial intelligence  
  • FINTRAC’s AML/CFT priorities for Reporting Entities in Canada
  • Examples of Compliance Intelligence Enforcement continuum  

SPEAKER

Michael Boole | AML Manager,  FINTRACs Intelligence Sector

Michael Boole has been with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) for 15 years and has held positions within the Intelligence, Domestic Policy and Compliance sectors.  He is currently an AML Manager within FINTRAC’s Intelligence Sector, responsible for the production and dissemination of financial intelligence to regime partners.  As part of his role, Michael oversees Project Protect, Project Chameleon and Project Shadow, public-private sector partnerships dedicated to detecting the money laundering associated with Human Trafficking, Romance Scams and Online Child Sexual Exploitation. Previous to this role, Michael was a Manager within the Compliance Sector, and was responsible for overseeing both the National Examination Strategy and the Administrative Monetary Penalties. Prior to his work at FINTRAC, he spent almost a decade working for two of Canada’s major banks.

Moderator

Souzan Esmaili |  Founder, TCAE

Souzan Esmaili has over 15 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 for Wells Fargo’s Canada and Latin America program.

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).

Souzan holds an MBA from the American University of Sharjah (UAE), a Post Graduate Diploma in GRC from Manchester Business School (UK), a Certified Anti Money Launder Specialist (CAMS), FinTech Program certificate from Oxford University, and Chainalysis Cryptocurrency Fundamentals Certification (CCFC).