Remitbee VP, Manos Yoganathan Speaks at CMSBA Annual Fall Conference

Each year the Canadian Money Service Business Association holds a multi-day Fall Conference, where the community comes together to discuss and learn about key issues facing the trade. Packed with workshops, roundtables, prizes, and presentations from industry leaders, this is one conference you won’t want to miss!

This year we were honoured to have one of our own speaking at the CMSBA Fall Conference. Remitbee Vice President and Chief Anti Money Laundering Officer, Manos Yoganathan, was one of the hosts of the workshop “The Pandemic: the Good, the Bad and the Ugly…An AML Perspective. This panel featured remittance, crypto, and accounting compliance experts.

Manos was joined by:

• Claudius Otegbade, Senior Consultant at MNP
• Mondiu Jaiyesimi, Senior Consultant, AML and Forensics at MNP
• Janice Mensah, Chief Anti-Money Laundering Officer at Revolut
• Peter Morcos, Country Head of AML/Compliance of WorldRemit
• Steven Bie, Chief Compliance Officer at VirgoCX

The panel discussed anti-money laundering practices in the age of COVID-19 and its impact on their businesses. The speakers shared case studies from their own professional experience as well as described the steps that were being taken to combat fraud.

“We understood and adapted to the changes and risks in the digital space pertaining to cyber fraud and have developed both internal and external robust systems to mitigate the risks online, and proudly say our fraud prevention ratio is 98.7%” Manos explained.

Other highlights of the conference included updates from FINTRAC, Department of Finance, and the Bank of Canada as well as a workshop on "Creating and Building a Relationship with your Financial Partner".

Find out more about the Fall Conference here