PROCESSING...

Dealers in Precious Metals & Stones

These documents walk you through what you need to do, step by step. You can purchase the program components separately or as a full package all at once.

AML & CTF Policy and Procedures

AML Risk Assessment

AML & CTF Training

AML Compliance Effectiveness Review

Background

Dealers in Precious Metals and Stones (DPMS) 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 DPMS and publishes educational material for the industry.

How Outlier Can Help

Outlier has designed plain language AML and CTF compliance program components to help you meet your obligations.  These documents walk you through what you need to do step by step.  You can purchase program components either separately or as a package.  You will need customize the documents by adding information about your business, and keep them up to date.

If you are comfortable editing the documents on your own, you can preview and buy everything that you need here.  If you would like the assistance of a consultant, we can assist you as well.  All of our consulting engagements are fixed-fee, so you will know exactly what the cost is before we start working.

If you have been contacted by FINTRAC and require immediate assistance, please take a look at our FINTRAC resources page or contact us.

CJA & JVC Members

Members of the Canadian Jewellers Association and Jewellers Vigilance Canada can access content for free by logging in through the CJA or JVC websites.

 

Program Components

AML & CTF Policy and Procedures

 

This document includes:

  • Roles & Responsibilities
  • FINTRAC Reporting
  • Internal Forms for Staff
  • Compliance Officer Cheat Sheet

This document describes what you need to do in order to meet your AML and CTF obligations.

$800.00 CAD

This product may qualify for special pricing – Log In or Register to see!

Buy Now

The AML & CTF Policy and Procedures can be downloaded as a Word document that you can edit at any time, with comments to help you work through it. If you’re ready to get started and would rather answer questions about your business online, you can also choose to use our customization app. If you are using the customization app, you can save and come back to your work anytime in the next five years. The documents that you create can be downloaded in Word at the end of the questionnaire.

The AML & CTF Policy and Procedures are designed to work with a Risk Assessment. If you already have a Risk Assessment that you’re happy with, then this document can be used alone. It can also be bundled with our Risk Assessment or with our Compliance Effectiveness Review for a discount, or bundle all three for the best price.

AML Risk Assessment

 

This document includes:

  • Fully editable documents in Microsoft Word that can be customized using our set up wizard or on your desktop
  • Complete risk documentation based on your business model and controls
  • Standard and enhanced due diligence measures

This document is used to describe and rate the risk that your business could be used to launder money or finance terrorism.

$900.00 CAD

This product may qualify for special pricing – Log In or Register to see!

Buy Now

The Risk Assessment is used to explain your business model, provide a narrative about your risk, rate your risk, and describe the controls that you have in place to guard against that risk.

The Risk Assessment can be downloaded as a Word document that you can edit at any time, with comments to help you work through it.  If you’re ready to get started and would rather answer questions about your business online, you can also choose to use our customization app.  If you are using the customization app, you can save and come back to your work anytime in the next five years.  The documents that you create can be downloaded in Word at the end of the questionnaire.

AML & CTF Training

 

This document includes:

  • Fully editable sides and speakers notes
  • A set of sample quiz questions to test your AML knowledge
  • A training log to track your AML training history

Your AML and CTF compliance training needs to cover at least the following points, and your staff should be trained when they begin working for you and every year after that.

$300.00 CAD

This product may qualify for special pricing – Log In or Register to see!

Buy Now

Your AML and CTF compliance training needs to cover at least the following points, and your staff should be trained when they begin working for you and every year after that.  Training should cover:

Outlier can create customized training programs for you.  If you are a mid to large sized operation, this can be a great choice.  If you are a small business owner and looking for the most cost effective way to manage your training, there are some excellent free resources available.  These can be combined with a session that you run for your staff that covers the specifics for your business.

Whether you choose to conduct training on your own, or with a little help, here are some great resources to get you started:

Remember to keep a record of the training that was completed.  Your records should include what topics were covered, who was trained and when.

AML Compliance Effectiveness Review

 

This document includes:

  • A reviewer guide with practical tips to help your reviewer complete testing and reporting
  • Working papers in Microsoft Excel to keep track of your testing data
  • A model report to summarize your findings

A compliance effectiveness review is similar to an audit. It is required at least every two years and tests your compliance program and your operations against Canadian AML and CTF requirements.

$700.00 CAD

This product may qualify for special pricing – Log In or Register to see!

Buy Now

The Compliance Effectiveness Review has three fully editable components: