Doing Business in Canada as Foreign Money Services Business (FMSB)

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We are so excited to have Susan Han, Partner at WeirFoulds LLP, along with Amber Scott, Founder & CEO at Outlier Solution Inc, to join us for a TCAE Knowledge Series Lunch and Learn session and share some important points to consider when doing business as a Foreign Money Services Business (FMSB) in Canada.

Susan and Amber will walk us through:

Variations between MSBs and FMSBs
AML compliance requirements and how they must be tailored for the Canadian market
Provincial Licensing regulation
Beyond AML: RPAA-related decisions

Our Founder and CEO, Souzan Esmaili, will moderate and host this session.

Join us on:

🗓 Wednesday, July 19th 2023

⏰ 12pm -1pm

We can't wait to see you all!

Speakers

Susan Han

Partner at WeirFoulds LLP

Amber D. Scott

Founder & CEO of Outlier Solutions Inc.

Souzan Esmaili

Founder & CEO of TCAE

Susan Han is a partner at WeirFoulds LLP where she leads the investment funds practice. Susan focuses on the formation of public and privately offered investment vehicles for mid-market sponsors. Susan also advises portfolio managers, investment advisers, exempt market dealers, money service businesses, payment service providers and other financial services providers with their regulatory obligations, including securities compliance and registration matters. Susan has been recognized by Best Lawyers in Canada as a leading securities lawyer in 2022 and 2023.
Susan is active in industry groups: a past director of the Investment Funds Institute of Canada (IFIC), she currently serves on the Board of the Private Capital Markets Association (PCMA).
Susan received her B.A and J.D. from the University of Toronto.

Amber is a compliance geek with a passion for technology. After graduating from the University of Waterloo, Amber joined the compliance group at one of Canada’s largest insurers where she focused on the implementation of technology-based processes to streamline compliance. She has since worked in in-house roles with major securities firms and banks. Somewhere along the line, she added MBA, CBP, and a few other letters after her name.

Amber joined a boutique compliance consulting firm, then larger consulting firm, before getting frustrated enough with the status quo to launch Outlier Solutions Inc. (Outlier) in 2013. Outlier specializes in anti-money laundering (AML) and privacy compliance. The company is based on one of the premises of Malcolm Gladwell’s book Outliers: that to be really good at something you need a lot of practice (about 10,000 hours).

Each of Outlier’s team members has 10,000 hours or more of in-house (not consulting) compliance experience. Amber loves leading this team of entrepreneurial compliance badasses.

Souzan has over 17 years of international experience in consultancy and training with a focus on Regulatory Compliance, Anti-Money Laundering, Anti-Bribery and Corruption, and RegTech. She worked for various financial institutions and consultancies in Dubai and Toronto.

In 2019, when Souzan moved to Canada, she created TCAE with a passion to help, educate and empower Compliance & AML professionals around the world. She gained her first Canadian job experience by working as a subject matter expert on the Anti Bribery & Corruption Program for Wells Fargo’s Canada and Latin America regions. In March 2020, Souzan launched The Knowledge Series where she brings international industry experts and thought leaders to share their knowledge and experience with the AML and Compliance professionals around the world. As TCAE was expanding, Souzan decided to leave Banking in 2021 and enter the entrepreneurship world.

Prior to moving to Canada in 2019, Souzan worked for various financial institutions and consultancies where she assisted her clients to understand their compliance needs, advised on meeting regulatory requirements, and managed a multitude of remediation projects. She has acted as an Authorized Individual in the capacity of Compliance Officer and MLRO for a number of firms regulated by the Dubai Financial Services Authority (DFSA).
Souzan holds an MBA from the American University of Sharjah (UAE), a Post Graduate Diploma in GRC from Manchester Business School (UK), a Certified Anti Money Launder Specialist (CAMS), a FinTech Program certificate from Oxford University, and a Chainalysis Cryptocurrency Fundamentals Certification (CCFC).

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Doing Business in Canada as Foreign Money Services Business (FMSB)

Event Details