AML
Anti-Money Laundering
For the Mortgage Sector
For the Mortgage Sector
This Anti-Money Laundering (AML) course is a fully online, self-study certification course for mortgage professionals who want to ensure compliance, protect their business, and confidently navigate Canada’s AML regulations.
Designed for ease of use, this course combines engaging video presentations, interactive quizzes, and a user-friendly format to ensure a smooth and effective learning experience.
Key Details:
- Format: Self-paced, fully online video course
- Duration: 3-4 hours, including video instruction
- Price: $50
- Certification: Receive a certificate upon successful completion
- Resources: Includes a digital textbook, broken down into easy-to-follow chapters for effective learning
What You’ll Learn
Chapter 1: Introduction and Overview
Understand the origins and importance of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA).
Chapter 2: Identifying Reportable Incidents
- Learn to recognize suspicious transactions, large cash transactions, and terrorist property.
Chapter 3: Suspicious Transaction Reports (STRs)
- Understand the requirements and processes for filing Suspicious Transaction Reports.
Chapter 4: Large Cash Transaction Reports (LCTRs)
- Learn how to identify and report large cash transactions.
Chapter 5: Terrorist Property Reports (TPRs)
- Identify and report transactions involving terrorist property.
Chapter 6: Client Identification and Verification
- Explore client due diligence requirements and verification procedures.
Chapter 7: Record Keeping and Retention
- Learn about maintaining records and compliance with retention periods.
Chapter 8: Monitoring and Ongoing Due Diligence
- Understand the importance of continuous monitoring and risk assessments.
Chapter 9: Compliance Program Requirements
- Discover the components of an effective AML compliance program.
Chapter 10: Compliance Review and Audit
- Learn the procedures for conducting compliance reviews and audits.
Chapter 11: Penalties for Non-Compliance
- Review the penalties associated with non-compliance under the PCMLTFA.
Chapter 12: Best Practices for Compliance
- Gain insight into industry best practices to ensure compliance.
Chapter 13: Practical Tools and Resources
- Access checklists, risk assessment tools, and compliance software for real-world application.
Joe is the founder and president of REMIC. With over 30 years of experience in the mortgage industry, Joe has held leadership roles as a National Sales Director, VP of Sales, and principal broker. As an educator, he has taught over 20,000 students since 1996, many of whom are now industry leaders. Joe developed Ontario’s first mortgage broker education program and has authored key industry manuals used by over 20 colleges. His contributions to the field were recognized with his 2019 induction into the Canadian Mortgage Hall of Fame.
