Each year, a staggering $61 billion is estimated to be laundered within Canada, highlighting the critical fight against money laundering. Dwayne King, an anti-money laundering enthusiast and Chief Anti-Money Laundering Officer at WFC Credit Union joins us to delve into the history of money laundering in Canada, including common schemes, economic impacts, and current regulations.

After completing this episode, you should be able to:

• Recall the definition of money laundering
• Describe the role of the various regulatory bodies like FINTRAC in Canada's anti-money laundering efforts
• Recall Canada’s history and unintentional role in money laundering
• Recognize the different methods of money laundering and the layering stages

In this episode, we cover:

• The history of money laundering in Canada and its global context
• Different types of money laundering schemes, including trade-based money laundering
• The strategies and challenges in combating money laundering in Canada

Course Content Created: May 2024

The information is current as of the creation or last updated date. While we strive to keep our inventory updated and periodically remove outdated titles, changes in accounting, tax, legislation and technology may occur. Purchasers should note the date and verify for themselves if the course is still relevant to their needs.

Presenter

Dwayne King

About This Product

On-Demand Courses by LumiQ. LumiQ is a podcast company where engaging conversations with business leaders also count as verifiable CPD. We go out and find business, accounting and finance leaders to interview about their expertise and experiences, and you get verifiable CPD for learning from the world’s top minds. Some days, you’ll find yourself immersed in the world of start-ups, or captivated with the story of how Bernie Madoff pulled off the largest fraud in human history. Maybe you’ll want to learn about how the music industry’s business model has changed over time? Whatever you’re interested in and will feed your natural curiosity of how businesses work, you’ll find on the LumiQ podcast. LumiQ is an enjoyable way to earn CPD.

Please note that not all on-demand courses include downloadable materials such as course notes or slides.

How to get started

After completing your purchase, go to mylms.bccpa.ca. Log in using your CPABC Online Services credentials. Click Go to Your Courses and Materials to access your Learning Center. Select your course title to begin.