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Squid Game: The Official Podcast
Squid Game is back, and so is Player 456. In the gripping Season 2 premiere, Player 456 returns with a vengeance, leading a covert manhunt for the Recruiter. Hosts Phil Yu and Kiera Please dive into Gi-hun’s transformation from victim to vigilante, the Recruiter’s twisted philosophy on fairness, and the dark experiments that continue to haunt the Squid Game. Plus, we touch on the new characters, the enduring trauma of old ones, and Phil and Kiera go head-to-head in a game of Ddakjji. Finally, our resident mortician, Lauren Bowser is back to drop more truth bombs on all things death. SPOILER ALERT! Make sure you watch Squid Game Season 2 Episode 1 before listening on. Let the new games begin! IG - @SquidGameNetflix X (f.k.a. Twitter) - @SquidGame Check out more from Phil Yu @angryasianman , Kiera Please @kieraplease and Lauren Bowser @thebitchinmortician on IG Listen to more from Netflix Podcasts . Squid Game: The Official Podcast is produced by Netflix and The Mash-Up Americans.…
Know Your Compliance (KYC)
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Indhold leveret af Greg Dent. Alt podcastindhold inklusive episoder, grafik og podcastbeskrivelser uploades og leveres direkte af Greg Dent eller deres podcastplatformspartner. Hvis du mener, at nogen bruger dit ophavsretligt beskyttede værk uden din tilladelse, kan du følge processen beskrevet her https://da.player.fm/legal.
Welcome to the "Know Your Compliance" podcast, hosted by Greg Dent, founder of Really Trusted. Over the past six years, Greg has immersed himself in the world of anti-money laundering (AML) and counter-terrorist financing (CTF), gaining insights from hundreds of compliance officers in Canadian real estate. In each episode, Greg shares key takeaways from his work, hosts expert guests for deep dives into financial crime, or discusses trending issues with the ReallyTrusted team. Whether you’re a compliance officer, AML consultant, or simply curious about financial crime, this podcast offers valuable knowledge and insights. Join us as we explore topics like adverse media searches, sanctions lists, and human trafficking, all with the belief that knowledge protects and insights empower. Disclaimer - The topics discussed on this show are typically related to compliance with FINTRAC. Nothing said on this show should be considered to be specific advice that can be directly used in your compliance program as the host and its guests will not know your specific compliance situation. Any advice given should be considered to be for informational purposes only.
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14 episoder
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Indhold leveret af Greg Dent. Alt podcastindhold inklusive episoder, grafik og podcastbeskrivelser uploades og leveres direkte af Greg Dent eller deres podcastplatformspartner. Hvis du mener, at nogen bruger dit ophavsretligt beskyttede værk uden din tilladelse, kan du følge processen beskrevet her https://da.player.fm/legal.
Welcome to the "Know Your Compliance" podcast, hosted by Greg Dent, founder of Really Trusted. Over the past six years, Greg has immersed himself in the world of anti-money laundering (AML) and counter-terrorist financing (CTF), gaining insights from hundreds of compliance officers in Canadian real estate. In each episode, Greg shares key takeaways from his work, hosts expert guests for deep dives into financial crime, or discusses trending issues with the ReallyTrusted team. Whether you’re a compliance officer, AML consultant, or simply curious about financial crime, this podcast offers valuable knowledge and insights. Join us as we explore topics like adverse media searches, sanctions lists, and human trafficking, all with the belief that knowledge protects and insights empower. Disclaimer - The topics discussed on this show are typically related to compliance with FINTRAC. Nothing said on this show should be considered to be specific advice that can be directly used in your compliance program as the host and its guests will not know your specific compliance situation. Any advice given should be considered to be for informational purposes only.
…
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14 episoder
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Know Your Compliance (KYC)
1 Preparing for the New Year: A Look Back at 2024’s AML Compliance Changes 37:03
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37:03The landscape of AML compliance in Canadian real estate took significant turns in 2024, challenging the industry to adapt rapidly to regulatory updates. From FINTRAC’s revamped risk assessments to new obligations for mortgage brokers and heightened scrutiny on sanctions evasion, the year underscored the growing complexity of compliance. As the sector grapples with operational and training challenges, Greg and Daniel outline key developments and offer actionable insights to prepare for 2025—a year certain to bring further changes and demands on compliance officers and real estate professionals alike. Key Highlights Discover how FINTRAC’s new risk assessment forms reshaped compliance expectations for real estate brokerages. Learn about the expanded obligations for mortgage brokers as new FINTRAC reporting entities. Understand the implications of sanctions evasion enforcement and the critical role of beneficial ownership verification. Gain insights into practical strategies for navigating compliance examinations successfully. Explore predictions for 2025, including the FATF mutual evaluation’s potential impact on the AML landscape. Connect with Greg and ReallyTrusted at: https://reallytrusted.com/ https://www.facebook.com/ReallyTrusted/ Thanks for listening Thanks so much for listening to our podcast! If you enjoyed this episode and think that others could benefit from listening, please share it using the social media buttons on this page. Do you have some feedback or questions about this episode? Leave a comment in the section below! Subscribe to the podcast If you would like to get automatic updates of new podcast episodes, you can subscribe to the podcast on Apple Podcasts or Stitcher. You can also subscribe in your favorite podcast app. Leave us an Apple Podcasts review Ratings and reviews from our listeners are extremely valuable to us and greatly appreciated. They help our podcast rank higher on Apple Podcasts, which exposes our show to more awesome listeners like you. If you have a minute, please leave an honest review on Apple Podcasts.…
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Know Your Compliance (KYC)
1 Pig Butchering Scams: The Hidden Threat of Online Investment Fraud 44:01
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44:01Chris Thompson, Senior Investigator with the BC Securities Commission, to unpack the growing problem of "pig butchering" scams. Chris explains how fraudsters build trust over time, manipulating victims into draining their savings through elaborate schemes—many involving crypto transfers, fake platforms, and recovery scams. With stories of unsuspecting victims and shocking insights into how organized these global fraud networks are, this conversation is an essential wake-up call for anyone involved in financial transactions or working with vulnerable clients. Chris emphasizes the importance of vigilance, asking questions, and recognizing red flags like sudden large financial withdrawals or out-of-character transactions. Whether you're a frontline real estate agent, mortgage broker, or financial professional, staying aware of these indicators can help stop fraud before it starts. Key Takeaways: Fraudsters coach victims on what to say to avoid raising red flags with financial institutions or advisors. Victims are often targeted during periods of emotional vulnerability, such as after a loss, divorce, or job change. Scammers manipulate online banking and crypto accounts, showing fake balances to gain trust. Pig butchering scams are sophisticated operations with HR departments, scripts, and extensive infrastructure. Always verify investment opportunities through trusted, registered sources and question any suspicious transactions. About the Guest Learn More about Christ at: https://www.bcsc.bc.ca/guardians/meet-our-enforcement-staff-investigator-chris-thompson Connect with Greg and ReallyTrusted at: https://reallytrusted.com/ https://www.facebook.com/ReallyTrusted/ Thanks for listening Thanks so much for listening to our podcast! If you enjoyed this episode and think that others could benefit from listening, please share it using the social media buttons on this page. Do you have some feedback or questions about this episode? Leave a comment in the section below! Subscribe to the podcast If you would like to get automatic updates of new podcast episodes, you can subscribe to the podcast on Apple Podcasts or Stitcher. You can also subscribe in your favorite podcast app. Leave us an Apple Podcasts review Ratings and reviews from our listeners are extremely valuable to us and greatly appreciated. They help our podcast rank higher on Apple Podcasts, which exposes our show to more awesome listeners like you. If you have a minute, please leave an honest review on Apple Podcasts.…
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Know Your Compliance (KYC)
1 Human Trafficking in Canada: A Compliance Perspective (Part 2) 32:53
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32:53Human trafficking happens in plain sight and is often sustained by organized networks operating within seemingly legitimate businesses. In this episode, Jinisha Bhatt, an anti-financial crime consultant and investigator, sheds light on the chilling realities of human trafficking in Canada. She outlines how criminal networks exploit systemic vulnerabilities to traffic individuals, launder funds, and evade detection, focusing on illicit massage businesses as a case study. Bhatt emphasizes the responsibility of professionals in real estate, finance, and property management to recognize red flags and take incremental steps to disrupt these criminal enterprises. Bhatt highlights the profound human cost of trafficking and the critical need for a coordinated, multidisciplinary approach involving law enforcement, property managers, licensing authorities, and financial crime professionals. She also discusses how collaboration and awareness can help dismantle trafficking networks, empower victims, and reduce exploitation. This episode not only informs but inspires action, demonstrating how small changes in vigilance and reporting can contribute to meaningful progress against human trafficking. Key Takeaways Traffickers rely on complex, multi-role networks, including recruiters, "mamasans," money handlers, and legal professionals to sustain their operations. Red flags in illicit businesses include generic branding, restricted access, cash-heavy transactions, and excessive surveillance. Trafficking networks exploit loopholes in licensing, immigration, and financial systems to operate with minimal risk. Incremental actions like raising awareness, identifying suspicious patterns, and improving reporting accuracy can make a difference. Effective intervention requires multidisciplinary collaboration among law enforcement, financial professionals, and community stakeholders. Resources Mentioned FINTRAC's special bulletin on lawyers' involvement in money laundering was referenced. Guest bio: Jinisha Bhatt is the Founder of CAHTC (Canada Anti-Human Trafficking Consortium) and an anti-financial crime investigator operating at the critical intersection of Anti-Money Laundering (AML) and Human Trafficking (HT). She specializes in multi-jurisdictional crypto fraud and money laundering investigations, focusing on the profound human cost of financial crime. Drawn to the field by a strong belief that most crimes against humanity, society, and the environment are financially motivated, Jinisha sees her work as a way to make a meaningful impact on these issues. Learn more about CAHTC at www.fighthumantrafficking.ca or connect with Jinisha on LinkedIn at www.jinisha.ca Connect with Greg and ReallyTrusted at: https://reallytrusted.com/ https://www.facebook.com/ReallyTrusted/ Thanks for listening Thanks so much for listening to our podcast! If you enjoyed this episode and think that others could benefit from listening, please share it using the social media buttons on this page. Do you have some feedback or questions about this episode? Leave a comment in the section below! Subscribe to the podcast If you would like to get automatic updates of new podcast episodes, you can subscribe to the podcast on Apple Podcasts or Stitcher. You can also subscribe in your favorite podcast app. Leave us an Apple Podcasts review Ratings and reviews from our listeners are extremely valuable to us and greatly appreciated. They help our podcast rank higher on Apple Podcasts, which exposes our show to more awesome listeners like you. If you have a minute, please leave an honest review on Apple Podcasts.…
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Know Your Compliance (KYC)
1 Human Trafficking in Canada: A Compliance Perspective (Part 1) 33:04
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33:04Human trafficking is an urgent issue, today we begin to understand its impact in Canada, Guest Jinisha Bhatt brings valuable insights from her work in this field. The discussion, led by the CEO of an anti-money laundering company, unpacks the critical role financial professionals and companies play in identifying and combating human trafficking. The CEO shares their own journey in learning about this complex area, highlighting both personal and professional pressures to address human trafficking in a meaningful way. Jinisha's expertise guides the conversation toward practical strategies for identifying financial red flags associated with human trafficking. This episode is a must-listen for compliance professionals and corporate leaders looking to deepen their understanding of the intersection between compliance and social responsibility. It calls for greater awareness and proactive measures to disrupt criminal networks profiting from human exploitation. Key Takeaways: Human trafficking has significant implications for financial institutions that must detect and disrupt criminal activity. Anti-money laundering (AML) efforts are essential in combating human trafficking by identifying suspicious transactions and patterns. Collaboration across industries can enhance efforts to reduce trafficking and provide greater protections for at-risk individuals. Corporate leadership must embrace a commitment to social responsibility to address human trafficking effectively. Increasing awareness of human trafficking indicators among financial teams can lead to more effective interventions. Guest Bio: Jinisha Bhatt is the Founder of CAHTC (Canada Anti-Human Trafficking Consortium) and an anti-financial crime investigator operating at the critical intersection of Anti-Money Laundering (AML) and Human Trafficking (HT). She specializes in multi-jurisdictional crypto fraud and money laundering investigations, focusing on the profound human cost of financial crime. Drawn to the field by a strong belief that most crimes against humanity, society, and the environment are financially motivated, Jinisha sees her work as a way to make a meaningful impact on these issues. Learn more about CAHTC at www.fighthumantrafficking.ca or connect with Jinisha on LinkedIn at www.jinisha.ca Connect with Greg and ReallyTrusted at: https://reallytrusted.com/ https://www.facebook.com/ReallyTrusted/ Thanks for listening Thanks so much for listening to our podcast! If you enjoyed this episode and think that others could benefit from listening, please share it using the social media buttons on this page. Do you have some feedback or questions about this episode? Leave a comment in the section below! Subscribe to the podcast If you would like to get automatic updates of new podcast episodes, you can subscribe to the podcast on Apple Podcasts or Stitcher. You can also subscribe in your favorite podcast app. Leave us an Apple Podcasts review Ratings and reviews from our listeners are extremely valuable to us and greatly appreciated. They help our podcast rank higher on Apple Podcasts, which exposes our show to more awesome listeners like you. If you have a minute, please leave an honest review on Apple Podcasts.…
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Know Your Compliance (KYC)
1 Navigating FINTRAC Compliance in the Mortgage Sector 32:32
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32:32As the mortgage sector navigates new FINTRAC regulatory requirements, dive into unique insights from the ReallyTrusted team, with insights from Catagay Sen and Taylor Cameron. With the recent expansion of FINTRAC oversight to mortgage brokers, both professionals share critical observations on challenges faced by designated individuals and principal brokers in implementing compliance measures. Taylor’s experience speaking to new and potential clients’ sheds light on common misconceptions, while Catagay offers a deep dive into the evolving, policy-specific concerns mortgage brokerages encounter. Together, they discuss the ways ReallyTrusted is helping client’s approach FINTRAC compliance with clarity and confidence, helping ensure these new requirements are met effectively. This episode offers an essential look at the early days of FINTRAC’s regulations in the mortgage sector, uncovering valuable insights for brokerages looking to stay compliant and prepared. Key Takeaways: Many mortgage brokerages face challenges understanding their role under FINTRAC regulations. Designated individuals often need help crafting policies tailored to new compliance standards. Misunderstandings are common around what data must be recorded and reported. Brokerages frequently underestimate the time and resources required for full compliance. ReallyTrusted provides tailored programs to help brokerages meet compliance requirements efficiently. Connect with Greg and ReallyTrusted at: https://reallytrusted.com/ https://www.facebook.com/ReallyTrusted/ Thanks for listening Thanks so much for listening to our podcast! If you enjoyed this episode and think that others could benefit from listening, please share it using the social media buttons on this page. Do you have some feedback or questions about this episode? Leave a comment in the section below! Subscribe to the podcast If you would like to get automatic updates of new podcast episodes, you can subscribe to the podcast on Apple Podcasts or Stitcher. You can also subscribe in your favorite podcast app. Leave us an Apple Podcasts review Ratings and reviews from our listeners are extremely valuable to us and greatly appreciated. They help our podcast rank higher on Apple Podcasts, which exposes our show to more awesome listeners like you. If you have a minute, please leave an honest review on Apple Podcasts.…
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Know Your Compliance (KYC)
1 Unexplained Wealth Orders with Chris Thompson 35:55
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35:55In this episode, host Greg Dent sits down with Chris Thompson, a former lawyer who now works in the provincial government's financial crimes capacity. They dive into the topic of Unexplained Wealth Orders (UWOs), a powerful tool in the fight against financial crime that has recently been introduced in Canada, starting with British Columbia. Chris provides a comprehensive overview of UWOs, explaining that they are court orders that compel individuals to explain the source of funds for their assets, even without a criminal conviction. He highlights how UWOs are an important tool for law enforcement, as they help overcome the challenges of tracing complex financial transactions, particularly when it comes to organized crime. The discussion explores the controversial aspects of UWOs, such as the lower standard of proof required compared to criminal convictions. This raises concerns about the presumption of innocence and the potential for abuse. However, Chris argues that there are safeguards in place, such as the need for court approval, and that UWOs are necessary to prevent criminals from living off the proceeds of their crimes. The episode also delves into a case study of the successful use of UWOs in the UK, the Haji-Ioannou case, which demonstrates the effectiveness of this tool in addressing suspected proceeds of crime. Additionally, the conversation touches on the practical considerations and future directions for UWOs in Canada, as other provinces may follow BC's lead in introducing this legislation. Overall, this episode provides a comprehensive understanding of Unexplained Wealth Orders, their importance in the fight against financial crime, and the ongoing debate around balancing law enforcement powers and civil liberties. Key Takeaways: Unexplained Wealth Orders (UWOs) are a court order that compels individuals to explain the source of funds for assets, even without a criminal conviction. UWOs are an important tool in fighting organized crime and removing the proceeds of crime, as they help law enforcement overcome challenges in tracing complex financial transactions. The lower standard of proof required for UWOs(reasonable grounds to suspect) compared to criminal convictions is controversial, as it raises concerns about the presumption of innocence. Effective implementation of UWOs requires a balance between empowering law enforcement and protecting civil liberties, with safeguards such as court approval. UWOs have been successfully used in other jurisdictions, such as the high-profile Haji-Ioannou case in the UK, and are now being introduced in Canada, starting with British Columbia. Learn more about Chris at https://www.bcsc.bc.ca/guardians/meet-our-enforcement-staff-investigator-chris-thompson Connect with Greg and ReallyTrusted at: https://reallytrusted.com/ https://www.facebook.com/ReallyTrusted/ Thanks for listening Thanks so much for listening to our podcast! If you enjoyed this episode and think that others could benefit from listening, please share it using the social media buttons on this page. Do you have some feedback or questions about this episode? Leave a comment in the section below! Subscribe to the podcast If you would like to get automatic updates of new podcast episodes, you can subscribe to the podcast on Apple Podcasts or Stitcher. You can also subscribe in your favorite podcast app. Leave us an Apple Podcasts review Ratings and reviews from our listeners are extremely valuable to us and greatly appreciated. They help our podcast rank higher on Apple Podcasts, which exposes our show to more awesome listeners like you. If you have a minute, please leave an honest review on Apple Podcasts.…
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Know Your Compliance (KYC)
1 Navigating eCARs: A Compliance Opportunity 24:00
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24:00In this episode of The KYC Podcast, host Greg Dent is joined by Zahra and Catagay from the ReallyTrusted team to discuss the intricacies of the Electronic Compliance Assessment Report (eCAR) - a crucial tool used by FinTRAC to assess compliance with anti-money laundering and counter-terrorist financing regulations. The conversation delves into the purpose and structure of the eCAR, the types of questions it encompasses, and the potential challenges reporting entities may face when completing this assessment. Importantly, the hosts highlight the opportunity the eCAR presents for proactive compliance, emphasizing the benefits of honesty and transparency when addressing any identified deficiencies. Key Takeaways: eCARs are electronic questionnaires used by FinTRAC to evaluate the effectiveness of reporting entities' compliance programs and identify potential risks. The questions cover a wide range of topics, including business practices, transaction types, and the five pillars of a compliance program. Challenges may arise if the compliance program is not well-documented or if there are gaps in policies and procedures. Honesty is crucial when completing the eCAR - voluntary disclosure of non-compliance can be a valuable tool to address deficiencies. FinTRAC generally prefers a collaborative approach, providing opportunities for reporting entities to remediate issues and improve their compliance posture. Resources: Contact the Really Trusted team for guidance on navigating the eCAR process and strengthening your compliance program. Connect with Greg and ReallyTrusted at: https://reallytrusted.com/ https://www.facebook.com/ReallyTrusted/ Thanks for listening Thanks so much for listening to our podcast! If you enjoyed this episode and think that others could benefit from listening, please share it using the social media buttons on this page. Do you have some feedback or questions about this episode? Leave a comment in the section below! Subscribe to the podcast If you would like to get automatic updates of new podcast episodes, you can subscribe to the podcast on Apple Podcasts or Stitcher. You can also subscribe in your favorite podcast app. Leave us an Apple Podcasts review Ratings and reviews from our listeners are extremely valuable to us and greatly appreciated. They help our podcast rank higher on Apple Podcasts, which exposes our show to more awesome listeners like you. If you have a minute, please leave an honest review on Apple Podcasts.…
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Know Your Compliance (KYC)
1 The Importance of Suspicious Transaction Reporting in Criminal Investigations PART 2 28:47
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28:47Part 2 of "The Importance of Suspicious Transaction Reporting in Criminal Investigations": retired RCMP officer Stephen Scott shares a detailed case study that demonstrates how a single suspicious transaction report (STR) filed by a financial institution was crucial in unraveling a complex money laundering and organized crime investigation. The discussion highlights the importance of frontline reporting, the challenges in connecting the dots, and the significant impact that STRs can have in taking down criminal enterprises and seizing their illicit assets. Key Takeaways: A high-level criminal target came to the attention of law enforcement after being shot, leading to a deeper investigation into his activities and assets. Despite no initial STRs being filed on the target, the investigation uncovered his lavish lifestyle and suspicious financial transactions, including a $1.6 million home purchase by a 23-year-old with no apparent legitimate income. A single STR on an $88,000 Lamborghini purchase led to the identification of a bank account, which then allowed investigators to trace a web of financial transactions and accounts connected to the criminal enterprise. The case underscores the importance of frontline reporting, as even small, seemingly insignificant transactions can be the key that unlocks a much larger investigation. The discussion emphasizes that money laundering is not just about cash transactions, but also the acquisition of assets and the concealment of the true beneficial ownership, which can occur in small towns and communities as well as larger urban centers. Stephen Scott Company: S Scott (AML) and Security Consulting Email: stephenscott@sscottamlsconsulting.com Bio Stephen Scott is a former member of the RCMP and in 2017 through 2021 was an investigations and training consultant to the UNODC GPML in Southern Africa. While in the RCMP, Stephen worked in the Calgary Integrated Proceeds of Crime AML Unit, INSET and the IMET JSIU where he managed and conducted money laundering, asset forfeiture, organized crime and terrorist financing investigations for 24 years. As a member of the RCMP IPOC AML Unit Stephen served as the FINTRAC liaison, CBSA currency interdiction contact and the “gatekeeper” to the Alberta Justice Civil Forfeiture program. He was a designer and facilitator on the RCMP Advanced and Basic Proceeds of Crime / ML courses as well as a facilitator at the Canadian Police College for the National Expert Witness training and Drafting Information to Obtain search warrants courses. In 2019/20, Stephen Scott served on contract as a sworn member of the Royal Cayman Islands Police Service Bureau of Financial Investigations conducting international money laundering and asset forfeiture investigations. Currently, Stephen is a licensed Private Investigator in Alberta and is currently contracted to firms that conduct due diligence, background, OSINT and asset recovery investigations. Connect with Greg and ReallyTrusted at: https://reallytrusted.com/ https://www.facebook.com/ReallyTrusted/ Thanks for listening Thanks so much for listening to our podcast! If you enjoyed this episode and think that others could benefit from listening, please share it using the social media buttons on this page. Do you have some feedback or questions about this episode? Leave a comment in the section below! Subscribe to the podcast If you would like to get automatic updates of new podcast episodes, you can subscribe to the podcast on Apple Podcasts or Stitcher. You can also subscribe in your favorite podcast app. Leave us an Apple Podcasts review Ratings and reviews from our listeners are extremely valuable to us and greatly appreciated. They help our podcast rank higher on Apple Podcasts, which exposes our show to more awesome listeners like you. If you have a minute, please leave an honest review on Apple Podcasts.…
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Know Your Compliance (KYC)
1 The Importance of Suspicious Transaction Reporting in Criminal Investigations 21:03
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21:03In this episode, Greg is joined by Stephan Scott, a retired RCMP officer with 31 years of experience in organized crime and money laundering investigations. Stephan provides a powerful perspective on the importance of suspicious transaction reporting, explaining how the information gathered by reporting entities like real estate professionals can be crucial in supporting criminal investigations. He shares gripping stories from his career to illustrate how money laundering is deeply connected to serious predicate crimes like drug trafficking and human trafficking. While individual suspicious transaction reports may not directly lead to arrests, Stephan emphasizes that they become part of a larger puzzle that investigators use to uncover criminal activity. He encourages reporting entities to file STRs whenever they have reasonable grounds to suspect suspicious activity, as this information can make a meaningful difference even if the individual impact is not immediately visible. Overall, this episode provides valuable insights into the real-world impact of compliance efforts and the critical role that reporting entities play in supporting law enforcement's fight against organized crime and money laundering Key Takeaways: Money laundering is not just an abstract financial crime - it is closely tied to serious predicate crimes like drug trafficking, human trafficking, and violent organized crime. The information reported through suspicious transaction reports (STRs) and other financial intelligence can be crucial in informing and advancing criminal investigations. While individual STRs may not directly lead to arrests, they become part of a larger puzzle that investigators use to uncover criminal activity. It is important for reporting entities like real estate professionals to file STRs when they have reasonable grounds to suspect suspicious activity, as this information can make a difference even if the individual impact is not immediately visible. FINTRAC, Canada's financial intelligence unit, analyzes STRs and other financial data to generate intelligence disclosures that are provided to law enforcement to support investigations. About the guest: Stephen Scott Stephen Scott is a former member of the RCMP and in 2017 through 2021 was an investigations and training consultant to the UNODC GPML in Southern Africa. While in the RCMP, Stephen worked in the Calgary Integrated Proceeds of Crime AML Unit, INSET and the IMET JSIU where he managed and conducted money laundering, asset forfeiture, organized crime and terrorist financing investigations for 24 years. As a member of the RCMP IPOC AML Unit Stephen served as the FINTRAC liaison, CBSA currency interdiction contact and the “gatekeeper” to the Alberta Justice Civil Forfeiture program. He was a designer and facilitator on the RCMP Advanced and Basic Proceeds of Crime / ML courses as well as a facilitator at the Canadian Police College for the National Expert Witness training and Drafting Information to Obtain search warrants courses. In 2019/20, Stephen Scott served on contract as a sworn member of the Royal Cayman Islands Police Service Bureau of Financial Investigations conducting international money laundering and asset forfeiture investigations. Currently, Stephen is a licensed Private Investigator in Alberta and is currently contracted to firms that conduct due diligence, background, OSINT and asset recovery investigations. Email: stephenscott@sscottamlsconsulting.com Connect with Greg and ReallyTrusted at: https://reallytrusted.com/ https://www.facebook.com/ReallyTrusted/ Thanks for listening Thanks so much for listening to our podcast! If you enjoyed this episode and think that others could benefit from listening, please share it using the social media buttons on this page. Do you have some feedback or questions about this episode? Leave a comment in the section below! Subscribe to the podcast If you would like to get automatic updates of new podcast episodes, you can subscribe to the podcast on Apple Podcasts or Stitcher. You can also subscribe in your favorite podcast app. Leave us an Apple Podcasts review Ratings and reviews from our listeners are extremely valuable to us and greatly appreciated. They help our podcast rank higher on Apple Podcasts, which exposes our show to more awesome listeners like you. If you have a minute, please leave an honest review on Apple Podcasts.…
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Know Your Compliance (KYC)
1 Navigating the Compliance Maze: Real Estate's FINTRAC Challenges 25:00
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25:00In this episode, Greg delves into the real estate industry's ongoing struggles with FINTRAC (Financial Transactions and Reports Analysis Centre of Canada) compliance. Drawing from his extensive experience training thousands of real estate agents, Greg unpacks the unique challenges the sector faces in adhering to anti-money laundering and counter-terrorist financing regulations. He explores the industry's structural issues, misaligned incentives, regulatory pressures, and the need for a shift in the "tone from the top" to drive meaningful compliance. Key Takeaways: The real estate industry's fragmented, small-business structure poses inherent challenges in implementing robust FINTRAC compliance programs. Misaligned incentives, where agents' sales-driven focus can conflict with compliance obligations, contribute to the industry's struggles. Regulatory changes and the "compliance squeeze" have overwhelmed many real estate brokerages, leaving them with limited bandwidth to prioritize FINTRAC requirements. Industry leaders' perceived indifference towards FINTRAC compliance has trickled down, leading some agents to believe that form-filling alone is sufficient. Targeted FINTRAC training and compliance support programs can help real estate brokerages better understand and fulfill their obligations, driving improved reporting and risk management. Connect with Greg and ReallyTrusted at: https://reallytrusted.com/ https://www.facebook.com/ReallyTrusted/ Thanks for listening Thanks so much for listening to our podcast! If you enjoyed this episode and think that others could benefit from listening, please share it using the social media buttons on this page. Do you have some feedback or questions about this episode? Leave a comment in the section below! Subscribe to the podcast If you would like to get automatic updates of new podcast episodes, you can subscribe to the podcast on Apple Podcasts or Stitcher. You can also subscribe in your favorite podcast app. Leave us an Apple Podcasts review Ratings and reviews from our listeners are extremely valuable to us and greatly appreciated. They help our podcast rank higher on Apple Podcasts, which exposes our show to more awesome listeners like you. If you have a minute, please leave an honest review on Apple Podcasts.…
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Know Your Compliance (KYC)
1 The Importance of Adverse Media in an AML Program: Protecting Your Business from Hidden Dangers 28:00
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28:00Greg sits down with Zahra Sunderani, a seasoned expert in the Anti-Money Laundering (AML) sector, to discuss the critical role of adverse media in safeguarding businesses, especially in the real estate industry. They delve into the concept of adverse media, its importance, and practical approaches to implementing effective checks. Zahra shares compelling examples of how adverse media has uncovered significant criminal activities and discusses the broader implications for businesses. Key Takeaways: What adverse media is and why it is crucial for businesses, especially in real estate, to monitor it. Addressing common concerns from professionals about the necessity and burden of conducting adverse media checks. Exploring the balance between necessary due diligence and potential overreach into clients' lives. Real life examples uncovered through adverse media and the ttool’s power in revealing hidden criminal activities. Understanding the financial implications of continuous adverse media checks and the necessity of budgeting for these essential activities. Insights into the evolving landscape of adverse media and the importance of staying informed and vigilant. Connect with Greg and ReallyTrusted at: https://reallytrusted.com/ https://www.facebook.com/ReallyTrusted/ Thanks for listening Thanks so much for listening to our podcast! If you enjoyed this episode and think that others could benefit from listening, please share it using the social media buttons on this page. Do you have some feedback or questions about this episode? Leave a comment in the section below! Subscribe to the podcast If you would like to get automatic updates of new podcast episodes, you can subscribe to the podcast on Apple Podcasts or Stitcher. You can also subscribe in your favorite podcast app. Leave us an Apple Podcasts review Ratings and reviews from our listeners are extremely valuable to us and greatly appreciated. They help our podcast rank higher on Apple Podcasts, which exposes our show to more awesome listeners like you. If you have a minute, please leave an honest review on Apple Podcasts.…
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Know Your Compliance (KYC)
1 Compliance Ninjas: Uncovering Hidden Risks in Real Estate 31:19
31:19
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31:19Greg is joined by Rodney MacInnes, a compliance expert with over 17 years of experience in the money services and real estate industries, as they discuss the challenges of risk management and anti-money laundering (AML) compliance in the real estate sector. Rodney shares a compelling story about identifying potential mortgage fraud through discrepancies in bank statements, and provides insights into building effective AML policies and procedures. Key Takeaways: The real estate industry struggles with risk management due to a lack of guidance and information from regulators like FINTRAC. Operational briefs from FINTRAC will be crucial in helping the industry understand the risks and indicators to look for. Detecting money laundering in real estate transactions is particularly challenging, as the real estate sector is often the final stage of he money laundering process, making it harder to trace the criminal origins of the funds. Proactive compliance measures, such as investigating discrepancies in client documentation, can uncover hidden risks like mortgage fraud. Rodney's story demonstrates the importance of thinking creatively about potential risks. AML policies and procedures should focus not only on external risks, but also on internal risks within the organization, such as inconsistent reporting of suspicious transactions by staff members. Ongoing staff training and monitoring are essential to ensure compliance, as industry incentives to complete transactions can lead to complacency and overlooking red flags. Connect with Greg and ReallyTrusted at: https://reallytrusted.com/ https://www.facebook.com/ReallyTrusted/ Thanks for listening Thanks so much for listening to our podcast! If you enjoyed this episode and think that others could benefit from listening, please share it using the social media buttons on this page. Do you have some feedback or questions about this episode? Leave a comment in the section below! Subscribe to the podcast If you would like to get automatic updates of new podcast episodes, you can subscribe to the podcast on Apple Podcasts or Stitcher. You can also subscribe in your favorite podcast app. Leave us an Apple Podcasts review Ratings and reviews from our listeners are extremely valuable to us and greatly appreciated. They help our podcast rank higher on Apple Podcasts, which exposes our show to more awesome listeners like you. If you have a minute, please leave an honest review on Apple Podcasts.…
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Know Your Compliance (KYC)
1 Navigating FINTRAC Compliance: Exploring the Mission of ReallyTrusted 25:07
25:07
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25:07In this premiere episode, host Greg Dent and special guest, Daniel Dent, introduce us to their company, ReallyTrusted, a Canadian technology provider with a mission to provide technologically under-served real estate professionals custom solutions that allow them to be more productive. Listen in as they detail its history, vision, and commitment to compliance in the real estate industry. The conversation highlights the importance of FINTRAC compliance, emphasizing the need for education and understanding among realtors. They also address the challenges faced by compliance officers and the necessity for ongoing support and resources to maintain compliance. Key Takeaways: - The history and values of ReallyTrusted. - Daniel’s technical background and role as CTO. - The company's mission to simplify regulatory obligations for professionals. - The significance of FINTRAC compliance for real estate agents. - Upcoming episodes to include specific examples of suspicious transaction reports to explain the reporting process and outcomes. - Continuous development of products and services in response to customer feedback to implement best practices for clients. Connect with Greg and ReallyTrusted at: https://reallytrusted.com/ https://www.facebook.com/ReallyTrusted/ Thanks for listening Thanks so much for listening to our podcast! If you enjoyed this episode and think that others could benefit from listening, please share it using the social media buttons on this page. Do you have some feedback or questions about this episode? Leave a comment in the section below! Subscribe to the podcast If you would like to get automatic updates of new podcast episodes, you can subscribe to the podcast on Apple Podcasts or Stitcher. You can also subscribe in your favorite podcast app. Leave us an Apple Podcasts review Ratings and reviews from our listeners are extremely valuable to us and greatly appreciated. They help our podcast rank higher on Apple Podcasts, which exposes our show to more awesome listeners like you. If you have a minute, please leave an honest review on Apple Podcasts.…
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Know Your Compliance (KYC)
1 How Well Do You "Know Your Compliance"? 2:44
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2:44Join Greg Dent on the Know Your Compliance podcast as he explores the complex world of anti-money laundering (AML) and counter-terrorist financing (CTF). This trailer episode introduces the journey that led to the creation of the podcast, offering deep insights into compliance, legislation, and the roles of compliance officers in Canadian real estate brokerages. Perfect for AML consultants, compliance officers, or anyone curious about white-collar crime prevention.…
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