By Remitbee - Dec 2, 2020
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:
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".