FINTRAC Regulatory Update and Q&A

Description

Provided by: IT World Canada

Financial entities and regulators are grappling with how to embrace innovative strides in their digital banking strategies while at the same time protecting consumers from sophisticated cyber-attacks.

In this session, FINTRAC’s Stacey Hopps, Compliance Manager, Relationship Management & Guidance and Tammy Maheral, Senior Compliance Officer, Relationship Management FINTRAC will provide a regulatory update that will provide direction on how financial institutions can meet compliance requirements for consumer security while promoting innovation.

Key takeaways will include:

1. An overview of recent regulatory amendments
2. An overview of the methods to verify the identity of an individual
3. Latest updates on the flexibility provided by FINTRAC as a result of COVID-19