EXPLORE PROGRAMS
MSBs operating across borders, dealing with high volumes of cash, and interacting with foreign correspondents face heightened bribery and corruption risk. Canada's Corruption of Foreign Public Officials Act (CFPOA) and the Criminal Code's domestic bribery provisions create real criminal exposure for businesses and individuals who pay, offer, or accept improper benefits. This course gives MSB staff and management a working understanding of how bribery and corruption manifest in the remittance and FX industries, the red flags to watch for in agents, partners, and customers, and how to operate gifts, entertainment, and political contribution policies in a way that won't be mistaken for an improper inducement. Case studies are drawn from CFPOA prosecutions and FINTRAC findings involving corruption-linked funds moving through Canadian MSBs.
You will learn the elements of bribery and corruption offences under Canadian law, how to assess bribery risk in the MSB business model, how to conduct meaningful due diligence on agents and third parties, how to apply the books and records and accounting controls expectations, and how to escalate concerns through whistleblower and management channels.
Course Cost :
$100.00
