C&G Professional Services Inc.

Verifying an identity is confirming a client's identity using one of FINTRAC's prescribed methods, typically during onboarding. In contrast, keeping client information up to date involves regularly updating details like name, address, telephone number and occupation based on your risk assessment - without needing to re-verify the ID, even if it’s expired, unless there are doubts about the original information. #AMLCompliance #KYC #IdentityVerification #ClientInformation #OngoingMonitoring #RiskManagement #RegulatoryCompliance #FINTRAC #AML

🌍 𝐁𝐫𝐞𝐚𝐤𝐢𝐧𝐠 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞 𝐔𝐩𝐝𝐚𝐭𝐞: 𝐅𝐀𝐓𝐅 𝐑𝐞𝐦𝐨𝐯𝐞𝐬 𝐒𝐞𝐧𝐞𝐠𝐚𝐥 𝐟𝐫𝐨𝐦 𝐖𝐚𝐭𝐜𝐡𝐥𝐢𝐬𝐭, 𝐀𝐝𝐝𝐬 𝐀𝐥𝐠𝐞𝐫𝐢𝐚, 𝐀𝐧𝐠𝐨𝐥𝐚, 𝐈𝐯𝐨𝐫𝐲 𝐂𝐨𝐚𝐬𝐭, 𝐚𝐧𝐝 𝐋𝐞𝐛𝐚𝐧𝐨𝐧 🚨 The Financial Action Task Force (FATF), the global standard-setter for combating financial crime, has announced important changes in its list of countries under increased monitoring. 𝐒𝐞𝐧𝐞𝐠𝐚𝐥 has successfully exited the watchlist, a positive step toward stronger financial integrity in the region. Meanwhile, 𝐀𝐥𝐠𝐞𝐫𝐢𝐚, 𝐀𝐧𝐠𝐨𝐥𝐚, 𝐈𝐯𝐨𝐫𝐲 𝐂𝐨𝐚𝐬𝐭, 𝐚𝐧𝐝 𝐋𝐞𝐛𝐚𝐧𝐨𝐧 have been added, highlighting areas for improvement in AML and counter-terrorism financing measures. For more information on the latest updates and to read the full report, check out the link below: 👉 FATF Increased Monitoring - October 2024 https://shorturl.at/Nht44 #FinancialCrime #AML #ATF #FATF #Compliance #FINTRAC #GreyList #Sanctions #RiskManagement

…Neither should the diligent compliance officer freeze or seize funds. 😁 However, certain cases, such as those involving sanctions evasion or fraudulent e-transfers (with a likelihood of chargeback), may warrant exceptions. Do you agree with this? What are your thoughts? Afeez Moradeyo, Pilar Cabrera, Mohit Dysell, Jabril Ahmed, CAMS, Claudette, Joseph Iuso ,Souzan Esmaili ,🔌Stephen Sargeant, Nicole Sy, Max Wolfram, CAMS Elijah Etoh, Tolulope Osho, Olalekan Olatunji CAMS, CA, CPA, Ogie Ifoga, Ovie Ukeko, Stephen Oyewole, Karene Lewis, Yemi Oyeleye, Peter Warrack M.S.C., Robert Osbourne, Seye Fagbuyi, Amandeep Singh, Sara Chambers, Samantha Gooding MA, Mondiu Jaiyesimi, Percy Bonsu, Gbenga Shaji, CAMS, FIS

🟡 DID YOU KNOW? 🟡 💼 Registered your MSB in 2022? Guess what? You’re officially due for an AML review this year! ⚖️ And hey, if you last did your AML review in 2022, it’s time to dust off those compliance documents—you’re up for another round. Staying compliant with FINTRAC isn't just a suggestion; it’s the law! 🚨 Don’t risk fines or penalties—we’ve got your back. 💪 Let’s get it done—contact C&G today to get it started! #AMLReview #FINTRAC #ProtectYourMSB #ComplianceWithoutTheStress

𝐓𝐃 𝐁𝐚𝐧𝐤 𝐑𝐞𝐬𝐩𝐨𝐧𝐝𝐬 𝐭𝐨 $𝟑.𝟓 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐅𝐢𝐧𝐞 𝐰𝐢𝐭𝐡 𝐌𝐚𝐣𝐨𝐫 𝐀𝐌𝐋 𝐎𝐯𝐞𝐫𝐡𝐚𝐮𝐥, 𝐓𝐚𝐩𝐬 𝐒𝐭𝐮𝐚𝐫𝐭 𝐃𝐚𝐯𝐢𝐬 𝐚𝐬 𝐒𝐩𝐞𝐜𝐢𝐚𝐥 𝐀𝐝𝐯𝐢𝐬𝐨𝐫 𝐭𝐨 𝐂𝐑𝐎 In the wake of its $3.5 billion fine in the US for AML compliance failures, TD Bank has taken a significant step by appointing financial crime expert Stuart Davis as Special Advisor to the Chief Risk Officer. This leadership change signals TD’s intent to address critical AML deficiencies and strengthen its risk management protocols. Stuart Davis brings over 34 years of expertise in global financial crimes, risk and technology leadership. Given the heightened regulatory scrutiny in recent years, financial institutions must continue taking proactive measures to mitigate risk and protect against financial crime. #AML #FinancialCrime #RiskManagement #Compliance #TD #AMLCompliance #FinancialServices #FINTRAC #FinCEN #RegulatoryCompliance #FinancialRisk #AntiMoneyLaundering #RiskMitigation

🔔 𝗜𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁 𝗨𝗽𝗱𝗮𝘁𝗲 𝗳𝗼𝗿 𝗣𝗮𝘆𝗺𝗲𝗻𝘁 𝗦𝗲𝗿𝘃𝗶𝗰𝗲 𝗣𝗿𝗼𝘃𝗶𝗱𝗲𝗿𝘀 (#PSPs)🔔 #RPAA #PSPs #PaymentServiceProviders #Compliance #BankOfCanada #RegulatoryUpdate #FinTech #CGProfessionalServices #AMLCompliance #AML

Today, we celebrate the driving force behind C&G Professional Services Inc.— Claudius Otegbade, our Co-Founder and CEO. 🥳 Claudius is a multi-faceted leader, bringing a diverse range of expertise to the table—from anti-money laundering compliance to forensic investigations and regulatory solutions. His knowledge, can-do spirit, resilience and dedication to excellence have helped C&G grow into one of the top mid-sized consulting firms in Canada. A true problem-solver and visionary, Claudius continuously pushes boundaries, driving innovation and success. Join us in celebrating Claudius on this special day. Boss, here is wishing you a very Happy Birthday and many more years of success, joy, and fulfillment! 🎂 #Leadership #TeamC&G #VisionaryLeader #MultiFaceted #TopConsultingFirm #HappyBirthday #AMLCompliance #Inspiration