In an ongoing effort to help UCDA members meet the challenges of Anti-Money Laundering (AML) regulatory requirements, and stay on the right side of the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) regulator, we are pleased to announce an upcoming webinar offered by KPMG specifically for motor vehicle dealers.
Training Session:
Navigating AML Compliance for Automotive Dealers
Our upcoming training session, scheduled for February 24th 2026 from 10am to 11am EST, hosted by KPMG will provide an overview of the obligations of automobile dealers, as it relates to the establishment of AML Programs required by FINTRAC by April 1st, 2026, and what this may look like in practice.
REGISTER HERE
KPMG will provide an overview of regulatory expectations and industry best practices for client identification and “KNOW YOUR CLIENT” requirements, ongoing monitoring, reporting obligations, record keeping expectations, and how to spot red flags related to fraud and suspicious transactions.
The training session will also provide time to review practical examples from hypothetical dealership scenarios and provide guidance on how to build an efficient, properly fitted AML compliance program using some of the processes and tools you already have in place.
If you are involved in the leasing or financing of motor vehicles in any way, you won’t want to miss this important information session.