EXPLORE PROGRAMS
White-label automated banking machine (ABM) operators move significant volumes of cash through their networks and have been a focus of FINTRAC supervisory attention. Risks include the use of ABM cash loading as a money-laundering vehicle, third-party loading, and obscured beneficial ownership of merchant locations. This annual training equips ABM operator compliance officers, operations staff, and merchant-relationship managers with FINTRAC obligations specific to ABM activities, including (where applicable) MSB registration triggers, merchant onboarding due diligence, monitoring of cash-loading patterns, and reporting. The course incorporates FINTRAC enforcement actions and operational alerts on ABM-related ML.
You will learn how PCMLTFA obligations apply to ABM operators, how to perform meaningful due diligence on ABM merchant hosts, how to monitor cash-loading patterns for ML red flags, how to coordinate with sponsor banks and processors, and how to file required reports.
Course Cost :
$100.00
