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David Vijan, Co-Founder of Outlier Compliance Group
Manage episode 451126131 series 3616247
True North Compliance Podcast에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 True North Compliance Podcast 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
David Vijan from Outlier Compliance Group joins Greg and Shawn to discuss the current state and future of compliance, particularly in the anti-money laundering (AML) sector. David emphasizes the critical need for real estate brokerages to implement robust compliance programs, highlighting frequent shortcomings in fundamental compliance practices such as the reporting of suspicious transactions (STRs). Recent findings from FINTRAC have shown significant compliance failures in this sector, reinforcing the urgency for enhanced understanding and enforcement of regulatory requirements.
Greg praises Outlier's leadership in the compliance industry, countering the general skepticism surrounding consultancy motives by highlighting their ethical approach and genuine commitment to bettering the industry. The conversation also delves into the specifics of regulatory challenges facing mortgage brokers, stressing the importance of proper risk assessments, policy development, and the necessity of conducting effectiveness reviews as per regulatory expectations.
Towards the end, David discusses the potential impacts of upcoming regulatory changes, including the expansion of AML requirements to include other sectors like armored car services and mortgage lending. They conclude by discussing the role of compliance in fostering a safer business environment, asserting that stringent compliance measures not only mitigate risks but also enhance overall business efficiency and reputation.
Alphabetical glossary of acronyms, terms and links
- AML: Anti-Money Laundering
- BCFSA: British Columbia Financial Services Authority
- BCREA: British Columbia Real Estate Association
- CTF: Counter Terrorist Financing
- CREA: Canadian Real Estate Association
- FINTRAC: Financial Transactions and Reports Analysis Centre of Canada, under the Canadian government's Department of Finance
- KYC: Know Your Client
- PCMLTFA: Proceeds of Crime (Money Laundering) and Terrorist Financing Act
- Radar Hill Website Design and Marketing
- ReallyTrusted
- REALTYnuance
- REEOIC: Real Estate Errors & Omissions Insurance Corporation
- REIC: Real Estate Institute of Canada
- STR: Suspicious Transaction Report
5 에피소드
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