Meet the Expert
Garry Clement
President, Clement Advisory Group
- President, Clement Advisory Group - AML Services
- Officer-in-Charge, Proceeds of Crime, Royal Canadian Mounted Police
- Managing Director, IPSA International, Toronto
- Operations Officer, Executive Diplomatic Protection, assigned to Canadian President Chretien
- Foreign Service Liason Officer, Hong Kong
- Garry’s 1996 undercover operation into tobacco smuggling from the US into Canada which resulted in the highest civil penalty against the cigarette companies in Canadian History
Meeting Packages from $400
Your Meeting Package Includes:
- All 7 Best Practices
- Pre-Meeting Discovery Process
- One-on-One Call with Expert
- Meeting Summary Report
- Post-Meeting Engagement
Anti-Money Laundering - Banks - Canada
President, Clement Advisory Group
Risks & Opportunities
Risks
- Failure is not an option, as inadequate AML policies and procedures may lead to regulatory scrutiny, fraud, fines, financial losses and reputational damage.
- Recent sanctions against large financial institutions have resulted in record-setting fines and a overall net worth loss due to the negative impact felt in the markets.
- Loss of client information can be catastrophic for a company and result in regulatory penalties and class action lawsuits brought by affected clients.
- Cyber attacks, especially those in which intellectual property is stolen, can be extremely damaging to a company's future and generate significant, even huge, financial losses.
Opportunities
- Achieving AML best practices affords an organisation the ability to operate effectively and efficiently without the risk of outside influences or disruptions from regulatory bodies.
- The organisation can be cast in a positive light to the extent it meets and exceeds regulatory concerns.
- Sound AML practices provide an ethical framework for a bank's staff and establish a strong ethical culture.
Anti-Money Laundering - Banks - Canada:
Risks & Opportunities
Expert Topic