International Anti-Corruption Day • 9 December 2015
Dentons LLP • 77 King Street West • 5th Floor • Toronto Limited Seating. RSVP by no later than Monday, December 7, 2015. This event will be broadcast live and available on our website for viewing. Join our listserve by emailing mamati @ schulich.yorku.ca to receive further information. In 2014, G20 leaders promised to crack down on the corrupt by making it harder to move cash anonymously. One year on and with new proposed changes to Canada’s anti-money laundering legislation, is Canada fulfilling those promises?
4:45pm – 5:30pm 5:30pm – 5:40pm Registration and Refreshments Introductory RemarksPaul Lalonde, Director and Legal Committee Chair, Transparency International Canada & Partner, Dentons LLP Alesia Nahirny, Executive Director, Transparency International Canada
Panel 1: Proposed Changes to Canada’s Anti-Money Laundering Legislation
5:40pm – 7:00pm In July of this year, the Department of Finance proposed amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.The amendments seek to strengthen customer due diligence requirements; improve compliance, monitoring, and enforcement efforts; and strengthen information sharing. The changes include methods of client identification, acceptance of electronic signatures, reporting, risk assessment, and new requirements for identifying politically exposed domestic persons. The panel will discuss the impact and how they will strengthen Canada’s AML/ATF regime. Moderator: Andy McDonald, Partner, Anti-Money Laundering Practice Leader,Deloitte LLP Speakers: Kathy Tomlinson, Investigative Reporter, Globe & MailIan Wright, Chief, Financial Crimes-Domestic, Financial Sector Policy Branch, Department of Finance CanadaChristine Duhaime, Barrister and Solicitor, Duhaime LawJacqueline D. Shinfield, Partner, Blake, Cassels & Grayton LLP 7:00pm – 7:10pm BREAK
“Just for Show? Reviewing G20 Promises on Beneficial Ownership”
7:10pm – 8:30pm Major corruption scandals hitting the news often share key commonalities: use a complex web of anonymous companies, trusts and other legal entities situated across multiple jurisdictions to transfer and hide their illicitly sourced funds. Perpetrators often use the services of professional middle-men and banks to move or conceal money and the funds often end up in the hands of other professionals. Transparency International recently found that Canada has weak requirements with respect to identifying beneficial owners of customers.Our session will focus on a discussion on the strengths and weaknesses of Canada’s legal framework and compliance with the G20 principles. Moderator: Peter Dent, Chair and President, Transparency International Canada & Partner/Global Leader, Crisis Management, Deloitte LLP Speakers: Susan Cote-Freeman, Head, Business Integrity Programme, Transparency InternationalDon Jack, Partner, Aird & Berlis LLPJohn Greenwood, Journalist, Financial PostDennis Howlett, Executive Director, Canadians for Tax Fairness 8:30pm Closing Remarks Alesia Nahirny, Executive Director, Transparency International Canada