Anti-Money Laundering
Consulting Services & Strategies

0 Items - Total: $0.00 CAD

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 (DPMSs) 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.

If you are 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 offers custom Compliance program consulting, as well as low cost do it yourself (DIY) online on demand products for DPMSs.  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 Canadian reporting entities that includes:

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

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

CJA & JVC Members

Members of the Canadian Jewellers Association (CJA) and Jewellers Vigilance Canada (JVC) are eligible to receive the online on demand free of charge. You can learn more here.

CJA and JVC members also receive a discount of 10% on additional consulting services purchased through Outlier.  Contact us for details.

Online On-Demand AML Programs

AML & CTF Policy and Procedures

 

This document includes:

  • Roles & Responsibilities
  • Know Your Customer (KYC)
  • FINTRAC Reporting
  • Internal Forms for Staff
  • Compliance Officer Quick Reference

This document describes what your anti-money laundering (AML) and counter terrorist financing (CTF) obligations, as well as what need to do in order to meet them.

$800.00 CAD

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

Buy Now

Answer questions about your business online to generate customized policies and procedures with our document customization wizard (wizard). When you have answered all of the questions in the Wizard, you will be able to download your document in Microsoft Word format. If you get interrupted, don’t worry. The work that you complete using the Wizard is automatically saved, and you can come back to your work anytime in the next five years to update it.

You should update this document on an annual basis. When there are significant changes to Canadian legislation, an alert will appear in your account, and we’ll let you know via email. You’ll need to complete any new questions using the Wizard, and download a new document.

The AML & CTF Policy and Procedures are part of an AML compliance program. You will also need a Risk Assessment, training, and an Effectiveness Review (like an audit, but for compliance) every two years.  If you need a whole compliance program, buying these elements at the same time will automatically give you a discount.

AML Risk Assessment

 

This document includes:

  • Fully editable documents in Microsoft Word
  • 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. 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.

$900.00 CAD

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

Buy Now

Answer questions about your business online to generate a customized Risk Assessment with our document customization wizard (wizard). When you have answered all of the questions in the Wizard, you will be able to download your document in Microsoft Word format. If you get interrupted, don’t worry. The work that you complete using the Wizard is automatically saved, and you can come back to your work anytime in the next five years to update it.

You should update this document on an annual basis. When there are significant changes to Canadian legislation, an alert will appear in your account, and we’ll let you know via email. You’ll need to complete any new questions using the Wizard, and download a new document.

The Risk Assessment is part of an AML compliance program. You will also need AML & CTF Policies and Procedures, training, and an Effectiveness Review (like an audit, but for compliance) every two years.  If you need a whole compliance program, buying these elements at the same time will automatically give you a discount.

AML & CTF Training

 

This document includes:

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

Your AML and CTF compliance training needs to be conducted when you hire new staff and at least annually after that to ensure that everyone understands his or her roles and responsibilities as they pertain to the AML and CTF compliance program.

$300.00 CAD

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

Buy Now

There is not a document customization Wizard for the training because the training records generally contain personal information about your staff.

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

Training is part of an AML compliance program. You will also need AML & CTF Policies and Procedures, a Risk Assessment, and an AML Compliance Effectiveness Review.  If you need a whole compliance program, buying these elements at the same time will automatically give you a discount.

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, but for compliance. It is required at least every two years and tests your compliance program and your operations (what you’re actually doing) against Canadian AML and CTF requirements.

$700.00 CAD

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

Buy Now

There is not a document customization Wizard for the AML Compliance Effectiveness Review, because the process requires information about your business and transactions that are sensitive, and might include your customer’s personal information.

The AML Compliance Effectiveness Review is part of an AML compliance program. You will also need AML & CTF Policies and Procedures, a Risk Assessment, and training.  If you need a whole compliance program, buying these elements at the same time will automatically give you a discount.


PROCESSING...