Financial Transactions and Reports Analysis Centre of Canada

ACAMS' The Assembly Canada to Address Evolving Anti-Money Laundering Expectations and New Regulations

Retrieved on: 
Wednesday, November 8, 2023
Westin Harbour Castle Hotel, FINTRAC, ESG, AFC, ACAMS, Environment, Database transaction, Cullen, Terrorism financing, Financial Transactions and Reports Analysis Centre of Canada, Department of Finance Canada, Corruption, AML, Cryptocurrency

TORONTO, Nov. 8, 2023 /PRNewswire/ -- ACAMS, a leading membership organization dedicated to supporting anti-financial crime (AFC) professionals around the world, will host The Assembly Canada, an insight-packed two-day conference and networking event, beginning on November 16 at The Westin Harbour Castle in Toronto.

Key Points: 
  • This year's program provides Canadian anti-money laundering (AML) professionals with expert guidance and practical insights to help them understand and meet their evolving regulatory obligations.
  • Speakers will analyze Canada's AML regime strategy, the proposed Financial Crime Agency of Canada, as well as British Columbia's AML environment a year after the Cullen recommendations.
  • "The Assembly Canada will provide expert guidance and practical insights, revealing how Canadian AML professionals can meet compliance expectations and incorporate new regulations."
  • For more information on The Assembly Canada, including access to the agenda and registration portal, please visit: https://www.acams.org/en/events/the-assembly/the-assembly-canada

IEXS Won the 'Best Forex Broker 2023' Award

Retrieved on: 
Wednesday, August 23, 2023
Australian Securities & Investments Commission, Database transaction, Financial services, Foreign exchange market, Financial Conduct Authority, Australian Securities Exchange, Financial Services Authority (United Kingdom), ETF, FX, Know your customer, Financial Transactions and Reports Analysis Centre of Canada, FCA, Contract for difference, FSA, ASIC, Financial adviser

Once more, IEXS won the "Best Forex Broker 2023" award.

Key Points: 
  • Once more, IEXS won the "Best Forex Broker 2023" award.
  • SINGAPORE, Aug 23, 2023 - (ACN Newswire) - IEXS recently won the "Best Forex Broker 2023" award at the WikiEXPO Asia Finance Expo hosted by WIKIEXPO.
  • This is just the latest accolade in a string of awards for the international broker, including "Best Forex FinTech Broker 2022" and "Fastest Growing Broker 2021".
  • IEXS is an award-winning FX/CFD broker with a global presence, offering customer support in over seven languages.

CACASHOP Acquires Canadian Fintrac MSB License, Ensuring Conducive Growth Through Regulatory Compliance.

Retrieved on: 
Monday, August 7, 2023
Government, Parliament, Know your customer, Financial Transactions and Reports Analysis Centre of Canada, Database transaction, Ecosystem, MSB, Acquisition, Environment, FINTRAC, Cryptocurrency

Emphasizing regulatory compliance as an essential facet of corporate growth, CACASHOP adheres stringently to relevant Canadian laws and policies.

Key Points: 
  • Emphasizing regulatory compliance as an essential facet of corporate growth, CACASHOP adheres stringently to relevant Canadian laws and policies.
  • The successful acquisition of the Canadian Fintrac license signifies another crucial milestone in the standardized operation and global expansion of the CACASHOP e-commerce platform.
  • The granting of the Canadian Fintrac MSB license symbolizes regulatory approval of CACASHOP's adherence to compliance.
  • The acquisition of the Canadian Fintrac license allows CACASHOP to cater to global, compliant e-commerce needs, effectively preventing criminal risk, and safeguarding citizens' assets.

Financial Crimes Compliance Expert Darcy Allen Joins Treliant as Managing Director

Retrieved on: 
Monday, July 17, 2023
Database transaction, Senior, FINTRAC, Senior advisor, Risk management, Intelligence, Canada Border Services Agency, Capital One, Financial Transactions and Reports Analysis Centre of Canada, CBSA, Organization, AML, Walmart, Promontory, Risk, Promontory Financial Group, Citibank, Cryptocurrency, Crime

WASHINGTON, July 17, 2023 /PRNewswire/ -- Treliant, an essential consulting partner to the global financial industry, has named Darcy Allen as Managing Director in the firm's Financial Crimes and Fraud Solutions practice.

Key Points: 
  • WASHINGTON, July 17, 2023 /PRNewswire/ -- Treliant, an essential consulting partner to the global financial industry, has named Darcy Allen as Managing Director in the firm's Financial Crimes and Fraud Solutions practice.
  • His appointment continues to expand Treliant's client services and their focus on preventing financial crimes while protecting their organizations' operational integrity.
  • Darcy has over 25 years of financial crimes compliance experience spanning government, consulting, banking, and retail.
  • He most recently led a global team at Walmart responsible for overseeing the organizations AML and financial services compliance program.

Jordan McBean sentenced to 7 years in jail for fraud

Retrieved on: 
Thursday, June 1, 2023
Database transaction, ASC, McBean, Partnership, Employment, Alberta Sheriffs Branch, JSOT, CDN, Justice, Crime, Reference Re Securities Act, Calgary Police Service, FINTRAC, Criminal code, AB, Securities commission, Alberta Securities Commission, Canadian Securities Administrators, IMET, Financial Transactions and Reports Analysis Centre of Canada, Court, Court of King's Bench of Alberta, The Criminal Code, Fraud, Health, Private investigator, Cryptocurrency

McBean defrauded 11 victims out of a total of $2 million in fees that were allegedly charged to access billions of dollars in financing, which never materialized.

Key Points: 
  • McBean defrauded 11 victims out of a total of $2 million in fees that were allegedly charged to access billions of dollars in financing, which never materialized.
  • Another victim, a woman in her 70s at the time, was defrauded of $425,035 USD in relation to funds provided to McBean for investment purposes.
  • "The seven-year jail term McBean received is the lengthiest sentence imposed to date in a JSOT case in Alberta, and reflects the gravity of his crimes.
  • IMET is a specialized unit under the Alberta RCMP Federal Policing program that detects, investigates, and deters market fraud.

Kraken Reaffirms Commitment to Driving Crypto Adoption in Canada

Retrieved on: 
Thursday, March 30, 2023
Apps, Applications, Technology, Fintech, Professional Services, Blockchain, Software, Cryptocurrency, Data Management, Other Professional Services, Ontario Securities Commission, Financial Transactions and Reports Analysis Centre of Canada, Database transaction, CAD, Security (finance), Geography, Ipsos, FINTRAC, Financial adviser, Kraken

“We want both existing and prospective clients to know Kraken remains committed to Canada,” said Mark Greenberg, Managing Director for Canada at Kraken.

Key Points: 
  • “We want both existing and prospective clients to know Kraken remains committed to Canada,” said Mark Greenberg, Managing Director for Canada at Kraken.
  • With over 250 team members based in Canada - making it one of the largest crypto employers in the country - Kraken provides a customizable trading experience for all levels of Canadian crypto traders.
  • Kraken has been registered as a money services business in Canada with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) since 2019.
  • Over the coming months, Kraken will be making certain changes to services in Canada and will notify clients prior to any changes that will impact trading experience.

Court finds William Jordan McBean guilty of fraud

Retrieved on: 
Monday, January 16, 2023
AB, Criminal code, Reference Re Securities Act, ACID, FINTRAC, Alberta Securities Commission, IMET, McBean, JSOT, Financial Transactions and Reports Analysis Centre of Canada, Justice, Partnership, ASC, Securities commission, The Criminal Code, Canadian Securities Administrators, Calgary Police Service, Fraud, Alberta Sheriffs Branch, Court of King's Bench (England), Private investigator

Another victim, a woman in her 70s at the time, was defrauded of $425,035 USD in relation to funds provided to McBean for investment purposes.

Key Points: 
  • Another victim, a woman in her 70s at the time, was defrauded of $425,035 USD in relation to funds provided to McBean for investment purposes.
  • Sentencing submissions are scheduled to occur on February 21, 2023 in the Court of King's Bench, Calgary.
  • In particular, JSOT targets repeat offenders, serious frauds and breaches of ASC or court orders and bans.
  • IMET is a specialized unit under the Alberta RCMP Federal Policing program that detects, investigates, and deters market fraud.

RevoluGROUP Canada Inc. Signs Mutual Business Development Strategy Furthering Equity Investment Talks

Retrieved on: 
Friday, November 25, 2022
ACT, Crypto, Online, Hospitality, Part, Money Remittances Improvement Act of 2014, Esports, Google Chrome App, Growth, Gambling, Financial regulation, Payroll service bureau, Regional Power (Canadian company), Resort, Leisure, Policy, Financial Transactions and Reports Analysis Centre of Canada, Online travel auction, Apple, Visa, Banking as a service, ACID, European Financial Stability Facility, AML, Henson v. Santander Consumer USA Inc., Business development, Money laundering, News, Affiliation, Know your customer, Android, Acquiring bank, KYC, Stock, PSD2, Acquisition, Qonto (neobank), DBA, TSX, FINTRAC, Calendar, Intellectual property, Business, Bank, Financial technology, Foreign exchange market, European

Today's Business Development Agreement projects a defined mutual understanding and future strategy should the Equity Investment occur.

Key Points: 
  • Today's Business Development Agreement projects a defined mutual understanding and future strategy should the Equity Investment occur.
  • The parties have agreed to a comprehensive 2-year plan to initiate on the day of the eventual equity acquisition.
  • Today's advent of approving the mutual underlying business plan is considered a notable continued positive advancement in the talks.
  • For further information on RevoluGROUP Canada Inc. (TSX-V: REVO), visit the Company's website at www.RevoluGROUP.com .

Virtual Asset Industry Answers G20 Call to Offer Solutions to Regulatory and Compliance Issues

Retrieved on: 
Wednesday, November 16, 2022
Crypto, Financial Stability Board, International Organization of Securities Commissions, International Organization (journal), ABI, Financial Transactions and Reports Analysis Centre of Canada, House music, G20, FATF, Hearing, Financial Action Task Force, Ena/Vasp homology proteins, IOSCO, Live in the UK (House of Lords album), Private sector, Policy, ACID, Smart contract, Scotiabank, Industry self-regulation, CEO, NUSA, FSB, V20, Finance, FINTRAC, Public sector, Cryptocurrency, Drug, Industry

NUSA DUA, Bali, Nov. 16, 2022 /PRNewswire/ -- In response to a series of unfortunate events rocking the crypto world, a number of Virtual Asset Services Providers (VASPs) have announced specific industry proposals addressed to global regulators, aiming to expand cooperation and enhance dialogue between both sides, while enabling improvements to the existing regulatory mechanisms and compliance infrastructure.

Key Points: 
  • Mr. Kumar acknowledged the importance of industry cooperation in addressing financial crimes.
  • He continued by saying that "an effective regulatory framework must ensure that crypto asset activities posing similar risks to traditional financial activities are subjected to the same regulatory outcomes."
  • The G20 Leaders further stated "we welcome the initiative by the FATF to promote implementation of international standards on virtual assets.
  • The V20 Summit is an annual event aligned with the G20 Leaders' Summit and will reconvene in India in 2023 as Indonesia turns over the G20 presidency.

TITAN CAPITAL MARKETS Introduces 'Titan Ecosystem' - Bridging the Market Gap Between Academia and Forex Trading

Retrieved on: 
Thursday, July 28, 2022
Australian Financial Services Licence, Bank for International Settlements, Environment, Australian Securities and Investments Commission, ASIC, Financial Transactions and Reports Analysis Centre of Canada, Artificial intelligence, Failure, AFSL, Bank, Australian Securities Exchange, FINTRAC, BIS, Money services business, MSB, TITAN, Firefox, ACID, Foreign exchange market, Investment, Financial services, Online gambling, Titan

Canberra, Australia--(Newsfile Corp. - July 28, 2022) - Recently, TITAN CAPITAL MARKETS introduced its "Titan Ecosystem", which will bridge the market gap between academia and forex trading.

Key Points: 
  • Canberra, Australia--(Newsfile Corp. - July 28, 2022) - Recently, TITAN CAPITAL MARKETS introduced its "Titan Ecosystem", which will bridge the market gap between academia and forex trading.
  • Through many online and offline financial training courses and systematic social trading training programs, TITAN CAPITAL MARKETS helps members improve their financial mindset and quip them with forex trading skills.
  • To connect the forex trading strategies and experiences between each member and master traders, TITAN CAPITAL MARKETS has built the "Titan Wealth Ecosystem" with the aim of knowledge sharing and mutual value creation.
  • In addition, to provide a safer and more secure trading environment, TITAN CAPITAL MARKETS has partnered with the authoritative forex broker and I.B.