Fight against money laundering: the Montreal DFSAC and ACAMS Join Forces

The Council of Trade in Financial Services (CCSF) and the Montreal Chapter of the Association of Certified Anti-Money Laundering Specialists (ACAMS Montreal Section) decided to join forces in the fight against money laundering and products the financing of terrorist activities.

It was at the initiative of the Montreal Section ACAMS that the dialogue has begun between the two groups. These discussions confirmed the complementary nature of the mission of both organizations. The Regional Council rootedness, with its 20 twenty regional delegations, and expertise that has been developed for continuous training on money laundering proves a good addition for Section ACAMS Montreal.

"The fight against money laundering is a major modern challenge, because the risks are significant for both financial institutions and the people who work there. In many cases, people are inhabited by a false sense of security. They are unaware of the risks they take, and that, even if they are in good faith, "said Linda Caron, co-chair of the ACAMS Montreal Section.

Section ACAMS Montreal and Council are currently defining the details of a preferred membership program. A symposium on the theme "Together protect the professional financial services" will also take place in Laval on 26 and 27 May 2016 during the annual meeting of the Council.

"The Council's mission is to ensure in particular the protection of all professionals in financial services, said Mario Grégoire, President of DFSAC. In this sense, recycling of proceeds of crime, and its potentially dire consequences for professionals who are trapped might happen a first-order threat to our members and the Council cares. Joining forces with the Montreal Section ACAMS is therefore part of the vast enterprise in which awareness has committed money laundering Council to protect professionals. "