Securities Dealers

Background

In addition to securities regulations, Securities Dealers that operate in Canada are subject to Canadian anti-money laundering (AML) and counter terrorist financing  (CTF) requirements. The Canadian regulator is the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).  In addition to regulating the industry, FINTRAC receives reports from Securities Dealers and publishes educational material for the industry.

As an organization that collects personal information (PI), The Office of the Privacy Commissioner of Canada will govern your practices regarding personal information. Industry members may also be subject to additional provincial level requirements, depending on where you’re doing business.

How Outlier Can Help

Outlier can design plain language compliance programs to help you meet your AML & CTF and Privacy obligations.  The documentation that we create is intended to work with your existing compliance regime and business practices.

In all of our engagements, we look for ways to streamline your existing practices and empower business, while mitigating your regulatory risk.  Our consultants have completed work for both provincially and federally regulated financial services companies that includes:

• AML Policy creation and review,
• AML Program design, redesign and process engineering,
• ML & TF Risk Assessments,
• AML Compliance Effectiveness Reviews,
• Self-Assessment Testing and Reporting,
• Privacy Policy creation and review, and
• Privacy Gap Assessments.

We also offer customized training packages that incorporate your practices including specialized training for:

• Board of Directors,
• Management,
• Frontline Staff,
• Back-Office Staff (not customer facing),  
• IT Staff, and
• Auditors and Audit Staff.

If you have been contacted by a regulator and require immediate assistance, please contact us.