Description

Effective anti-money laundering compliance requires more than understanding the rules. Mortgage professionals with compliance and leadership responsibilities need to know how FINTRAC requirements apply in practice, how risk should be identified and documented, and how a strong compliance program is implemented and maintained across an organization.

The Mortgage AML & FINTRAC Compliance Leader Micro-Credential provides advanced learning for mortgage professionals who want to strengthen their knowledge of anti-money laundering and anti-terrorist financing obligations and develop the skills needed to support effective FINTRAC compliance within their organization.

Through practical guidance and comprehensive management-level learning, this program explores both the day-to-day application of FINTRAC requirements and the broader responsibilities involved in managing compliance. Learners will examine suspicious transaction reporting, risk-based monitoring and documentation, Know Your Client requirements, record keeping, compliance programs, ministerial directives and the consequences of non-compliance.

Earning this micro-credential demonstrates advanced knowledge of mortgage industry AML and FINTRAC compliance and a commitment to supporting strong compliance practices, effective risk management and regulatory responsibility within your organization.

What You'll Gain

By earning the Mortgage AML & FINTRAC Compliance Leader Micro-Credential, you will strengthen your ability to:

• Apply FINTRAC requirements to practical situations encountered in mortgage activities.

• Determine when the reasonable grounds to suspect (RGS) threshold has been met and when a Suspicious Transaction Report (STR) should be submitted.

• Apply risk-based ongoing monitoring practices within mortgage activities.

• Assess and document risk in alignment with FINTRAC expectations.

• Understand the requirements for implementing and maintaining an effective compliance program.

• Understand FINTRAC transaction reporting and record keeping requirements.

• Apply Know Your Client requirements within the regulatory framework.

• Understand the application of ministerial directives and their impact on compliance obligations.

• Recognize the potential consequences and penalties associated with non-compliance.

• Strengthen your ability to support and manage AML and FINTRAC compliance within a mortgage organization.

• Demonstrate advanced knowledge of AML and FINTRAC compliance through an MPC micro-credential.

Total PD Hours: 10.5