Know Your Compliance (KYC)

Greg and Daniel unpack Bill C-2, the Strong Borders Act, and its sweeping implications for Canadian businesses. What sounds like dense legislative change actually touches everyday operations—like accepting cash or registering with FINTRAC. Together they break down the real-world impact of proposed updates to Canada’s anti-money laundering framework. From universal enrollment to mandatory complianc...

What if digital identity wasn’t just about security, but about economic prosperity? Greg Dent sits down with Joni Brennan, President of the Digital Identity and Authentication Council of Canada (DIACC), to unpack what digital trust really means—and why it matters more than ever. They explore how tools meant to protect us are often misunderstood, and how thoughtful design—like that behind the BC Se...

Mortgage fraud isn’t just a risk—it’s a ripple effect that touches every part of the system, from brokers to banks to everyday Canadians. Greg welcomes Paul Therien of Haystax Mortgages for a grounded conversation on how systemized compliance helps brokers avoid costly mistakes, protect consumers, and reduce regulatory pressure. Together, they break down the real cost of fraud, why predictable pro...

Sometimes the biggest AML risk isn’t external—it’s the person already inside your brokerage.  Greg breaks down the uncomfortable but critical reality that some individuals may enter the real estate or mortgage industry with the sole purpose of laundering money. He shares practical ways compliance officers and business owners can protect their organizations through smarter recruiting, effectiv...

Most compliance officers see effectiveness reviews as a regulatory checkbox, but they can make or break a FINTRAC exam. Greg sits down with Rodney MacInnes from Outlier Compliance Group to break down the critical role of these reviews, how they reveal compliance gaps, and why expertise matters when conducting them. They discuss who should perform these reviews, why the cheapest option isn't always...

Compliance in the mortgage sector is evolving fast, and unexpected challenges are keeping brokers and compliance officers on their toes. Greg sits down with Mary Gronkowski, National Director of Compliance at DLC Mortgages, to discuss the sector’s first few months under FINTRAC regulations. They break down onboarding challenges, red flags in ID verification, the complexity of beneficial ownership,...

The landscape of AML compliance in Canadian real estate took significant turns in 2024, challenging the industry to adapt rapidly to regulatory updates. From FINTRAC’s revamped risk assessments to new obligations for mortgage brokers and heightened scrutiny on sanctions evasion, the year underscored the growing complexity of compliance. As the sector grapples with operational and training challeng...

Chris Thompson, Senior Investigator with the BC Securities Commission, to unpack the growing problem of "pig butchering" scams. Chris explains how fraudsters build trust over time, manipulating victims into draining their savings through elaborate schemes—many involving crypto transfers, fake platforms, and recovery scams. With stories of unsuspecting victims and shocking insights into how organiz...

Human trafficking happens in plain sight and is often sustained by organized networks operating within seemingly legitimate businesses. In this episode, Jinisha Bhatt, an anti-financial crime consultant and investigator, sheds light on the chilling realities of human trafficking in Canada. She outlines how criminal networks exploit systemic vulnerabilities to traffic individuals, launder funds, an...

Human trafficking is an urgent issue, today we begin to understand its impact in Canada, Guest Jinisha Bhatt brings valuable insights from her work in this field. The discussion, led by the CEO of an anti-money laundering company, unpacks the critical role financial professionals and companies play in identifying and combating human trafficking. The CEO shares their own journey in learning about t...

As the mortgage sector navigates new FINTRAC regulatory requirements, dive into unique insights from the ReallyTrusted team, with insights from Catagay Sen and Taylor Cameron. With the recent expansion of FINTRAC oversight to mortgage brokers, both professionals share critical observations on challenges faced by designated individuals and principal brokers in implementing compliance measures. Tayl...

In this episode, host Greg Dent sits down with Chris Thompson, a former lawyer who now works in the provincial government's financial crimes capacity. They dive into the topic of Unexplained Wealth Orders (UWOs), a powerful tool in the fight against financial crime that has recently been introduced in Canada, starting with British Columbia. Chris provides a comprehensive overview of UWOs, explaini...

In this episode of The KYC Podcast, host Greg Dent is joined by Zahra and Catagay from the ReallyTrusted team to discuss the intricacies of the Electronic Compliance Assessment Report (eCAR) - a crucial tool used by FinTRAC to assess compliance with anti-money laundering and counter-terrorist financing regulations. The conversation delves into the purpose and structure of the eCAR, the types of qu...

Part 2 of "The Importance of Suspicious Transaction Reporting in Criminal Investigations": retired RCMP officer Stephen Scott shares a detailed case study that demonstrates how a single suspicious transaction report (STR) filed by a financial institution was crucial in unraveling a complex money laundering and organized crime investigation. The discussion highlights the importance of frontline rep...

In this episode, Greg is joined by Stephan Scott, a retired RCMP officer with 31 years of experience in organized crime and money laundering investigations. Stephan provides a powerful perspective on the importance of suspicious transaction reporting, explaining how the information gathered by reporting entities like real estate professionals can be crucial in supporting criminal investigations. H...

In this episode, Greg delves into the real estate industry's ongoing struggles with FINTRAC (Financial Transactions and Reports Analysis Centre of Canada) compliance. Drawing from his extensive experience training thousands of real estate agents, Greg unpacks the unique challenges the sector faces in adhering to anti-money laundering and counter-terrorist financing regulations. He explores the ind...

Greg sits down with Zahra Sunderani, a seasoned expert in the Anti-Money Laundering (AML) sector, to discuss the critical role of adverse media in safeguarding businesses, especially in the real estate industry. They delve into the concept of adverse media, its importance, and practical approaches to implementing effective checks. Zahra shares compelling examples of how adverse media has uncovered...

Greg is joined by Rodney MacInnes, a compliance expert with over 17 years of experience in the money services and real estate industries, as they discuss the challenges of risk management and anti-money laundering (AML) compliance in the real estate sector. Rodney shares a compelling story about identifying potential mortgage fraud through discrepancies in bank statements, and provides insights in...

In this premiere episode, host Greg Dent and special guest, Daniel Dent, introduce us to their company, ReallyTrusted, a Canadian technology provider with a mission to provide technologically under-served real estate professionals custom solutions that allow them to be more productive.  Listen in as they detail its history, vision, and commitment to compliance in the real estate industry. The...

Join Greg Dent on the Know Your Compliance podcast as he explores the complex world of anti-money laundering (AML) and counter-terrorist financing (CTF). This trailer episode introduces the journey that led to the creation of the podcast, offering deep insights into compliance, legislation, and the roles of compliance officers in Canadian real estate brokerages. Perfect for AML consultants, compli...