Fraud Summit 2024

Opening Remarks

Cherolle Prince, Equifax
Mortgage Compliance Essentials

Equifax will assist all mortgage professionals in understanding the importance, and how to comply with the anti-money laundering and anti-terrorist financing regulations, established by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA). 

Cherolle is a financial crime professional with over 20+ years of experience in the Canadian financial industry. She has extensive experience in retail, small business, and commercial banking fraud and was responsible for the development and execution of fraud strategy (Canadian and U.S.) at two major Canadian financial institutions. At Equifax, Cherolle leads a team of analytic consultants that provides data and analytics expertise to help customers solve complex business problems related to fraud. 

Antoinette Leung, FSRA
Supporting the Sector in Preventing Fraud

The Financial Services Regulatory Authority will provide an update on the latest in provincial regulation.

Randal Slavens, Laura Morgan, Eartha West
Insurer Panel, Moderated by: Lauren van den Berg

Join us for an insightful discussion as we bring together leading voices from the mortgage insurance industry to delve into the crucial topic of fraud mitigation within the mortgage sector. In an era where financial security is paramount, these experts will shed light on the multifaceted challenges posed by fraudulent activities and share innovative strategies to safeguard against them. Whether you're a mortgage industry professional, a regulatory authority, or an investor concerned with safeguarding assets, this panel offers a unique opportunity to gain a deeper understanding and actionable strategies to combat fraud in mortgage lending. Don't miss out on this pivotal discussion that aims to shape the future of fraud prevention in the mortgage industry.

Randal Slavens joined Canada Guaranty in 2013 and is currently Vice President, Risk Management & Adjudication Strategy, where he is responsible for optimizing and managing all facets of the adjudication process. Prior to joining Canada Guaranty, Randal spent more than 10 years at TD Bank where he worked in a variety of roles including Risk Management, Real Estate Secured Lending, and Treasury & Balance Sheet Management. Randal holds an MBA from the Rotman School of Management, a Master’s in International Affairs from Carleton University, and a certification in Financial Risk Management.

Laura Morgan is Vice President Underwriting Operations at Sagen Mortgage Insurance Canada.  Laura is a seasoned leader with over 20 years of experience in the financial services industry.  She is responsible for leading the Underwriting, Customer Service, Fraud Prevention, and Operational Effectiveness teams. These senior leadership roles have offered her the opportunity to demonstrate her ability to provide strategic direction and financial leadership to business decision-making while pursuing customer-centric solutions and cost avoidance.   Prior to her current role, she held the roles of Vice President, Loss Mitigation and Director Enterprise Risk Management at Sagen and several positions at Scotiabank in Retail Banking and Credit Risk Management.  

Eartha West is a seasoned Senior Manager in Audit and Compliance at Canada Mortgage and Housing Corporation, boasting a rich background in the financial sector. With a steadfast commitment to risk management and compliance, Eartha leverages her extensive industry expertise to spearhead initiatives aimed at combating fraud. She champions proactive, innovative, and collaborative strategies, recognizing their pivotal role in addressing industry challenges. Beyond her professional endeavors, Eartha channels her dynamism into nurturing her role as a modern-day Wonder Woman, all while excelling in her most cherished role as the most incredible aunt to her exceptional nephews and nieces.

Cameron Field
Mortgage Fraud in Canada: Challenges, Solutions, and Intelligence Sharing

Join Cameron for an overview of the issues and problems facing mortgage providers. KYC standards and a risk-based approach are juxtaposed with robust sales targets. Greater due diligence, information and bad actor intelligence sharing will be discussed. By leveraging situational awareness, intelligence and robust KYC frameworks a better experience for customers and top-line revenue is possible. 

Cam is a Vice president with The Vidocq Group. He leads the firm’s Toronto operations where they consult on financial crime, money laundering, sanctions, regulatory risk, investigative due diligence, and complex corporate investigations. Prior to that, he worked in the anti-money laundering team at BMO Financial Group as the head of intelligence liaison and operational effectiveness.  Before his career in the private sector, he served 32 years with the Toronto Police Service and retired in 2017. He served in many roles including Officer in Charge of the Threat Assessment, Investigative Training, and the Corporate Crimes Unit. He currently sits on the Private Sector Liaison Committee for the Canadian Association of Chiefs of Police. He received a BA in Justice Studies, a MSc in Criminology and is a certified anti-money laundering specialist. He speaks internationally and has published numerous articles and publications on financial crime and money laundering.

Marie Taylor, Doug Robinson, Ana Ialeggio, Kathleen Gomez
Fraud Expert Panel, Moderated by: John Tracy

Explore the intricacies of fraud detection and prevention in the mortgage industry as we convene a dynamic panel of seasoned experts and prominent lenders. In this enlightening session, we'll explore the relationship between fraud experts and lenders, highlighting the collaborative efforts essential for mitigating risks and ensuring the integrity of the lending process. Join us as our panelists, comprising leading fraud detection specialists and forward-thinking lenders, share their collective wisdom and insights gleaned from the frontline of combating mortgage fraud. Through real-world case studies and interactive discussions, they'll dissect the evolving tactics employed by fraudsters and unveil innovative strategies to stay one step ahead.

John Tracy is the senior legal counsel for FCT, where he’s responsible for handling title insurance claims, with a keen focus on fraud. John was called to the Ontario Bar in 1993 after attending McGill and Queen’s Universities and has been with FCT since 2004. He’s a leader of FCT’s fraud prevention efforts and a sought-after seminar speaker on the topic.

Marie Taylor has been a valued member of FCT’s legal team for over twenty years. She is a sought-after subject matter expert specializing in residential title insurance and the effects of fraud on the title insurance industry in Canada. She has travelled across the country as a keynote speaker on title fraud educating real estate professionals so that they can more readily spot red flags and suspicious indicators on real estate transactions. Marie is a member of the Association of Certified Fraud Examiners which is the largest anti-fraud organization in the world and is a past member of FRSA's Technical Advisory Committee for Mortgage Brokering.

Doug is the Director, Mortgage Security with Scotiabank, and is responsible for fraud and money laundering prevention relating to mortgages originating from both the broker channel and the bank’s internal salesforce. Prior to that, Doug established and led the Corporate Security Department for Maple Trust Company, a private Canadian mortgage lender until its purchase by Scotiabank. Before entering the private sector, Doug was a police officer with the Peel Regional Police; the last 5 years serving as an investigator in the Fraud Bureau where he led investigations into several organized crime groups involved in bank frauds, debit card frauds, credit card frauds, advance fee frauds, and Internet frauds. Doug also worked as an investigator in Peel’s Professional Standards and Commercial Auto Crime bureaux. Doug is a member of the International Association of Financial Crime Investigators.

Ana Ialeggio is a seasoned fraud and loss prevention professional with more than 25 years’ experience in the financial services industry. Through her work at MCAP and predecessor companies since 1995, Ana has gained extensive experience in all facets of default management, risk management and mitigation, fraud investigations, mortgage underwriting, and loan management. Amongst her responsibilities at MCAP, Ana currently oversees fraud-related matters for MCAP’s legal group including overseeing related litigation and insurer-recovery litigation to protect MCAP and its investors from financial loss and to minimize overall risk to MCAP’s portfolio. Prior to joining MCAP, Ana worked at Central Guaranty Trust, TD, and CMHC. A passionate advocate for fraud prevention, Ana is a regular panelist and presenter at various industry forums.

Kathleen Gomez is a passionate industry professional with over 10 years of Anti-Money Laundering (AML) and fraud operations experience in regulated financial services. As the Manager of Fraud at Home Trust Company, Kathleen has supported the design and implementation of systems, processes, and control standards to meet the regulatory obligations and industry best practices to detect and deter money laundering and financial crime. Kathleen supports the company’s business units through optimizing operational efficiencies, conducting thorough investigations, and posting more reviews and staying ahead of the curve in the ever-evolving landscape of financial crime.

Closing Remarks