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 this complex area, highlighting both personal and professional pressures to address human trafficking in a meaningful way.

Jinisha's expertise guides the conversation toward practical strategies for identifying financial red flags associated with human trafficking. This episode is a must-listen for compliance professionals and corporate leaders looking to deepen their understanding of the intersection between compliance and social responsibility. It calls for greater awareness and proactive measures to disrupt criminal networks profiting from human exploitation.

Key Takeaways:

- Human trafficking has significant implications for financial institutions that must detect and disrupt criminal activity.

- Anti-money laundering (AML) efforts are essential in combating human trafficking by identifying suspicious transactions and patterns.

- Collaboration across industries can enhance efforts to reduce trafficking and provide greater protections for at-risk individuals.

- Corporate leadership must embrace a commitment to social responsibility to address human trafficking effectively.

- Increasing awareness of human trafficking indicators among financial teams can lead to more effective interventions.

Guest Bio:

Jinisha Bhatt is an anti-financial crime investigator operating at the critical intersection of Anti-Money Laundering (AML) and Human Trafficking (HT). She specializes in multi-jurisdictional crypto fraud and money laundering investigations, focusing on the profound human cost of financial crime. Drawn to the field by a strong belief that most crimes against humanity, society, and the environment are financially motivated, Jinisha sees her work as a way to make a meaningful impact on these issues.

Currently, Jinisha serves as a Compliance Consultant for key players in the digital asset and fintech sectors across the US and Canada. She leads extensive investigations into large-scale crypto fraud and pig butchering schemes and provides expert witness testimony. Her past experience includes contributing to the compliance efforts at Kraken Exchange, where she conducted financial crime investigations to satisfy regulatory requirements in the US, Canada, Australia, and the UK.

In addition to her investigative work, Jinisha runs an anti-human trafficking consortium in collaboration with Canadian law enforcement and private sector organizations. She conducts complex human trafficking investigations using publicly available data to identify victims and deliver actionable intelligence to law enforcement. Jinisha is also a frequent moderator, panelist, and speaker at forums dedicated to educating the industry on crypto compliance, AML regulations, and various financial crimes, including fraud, money laundering, and human trafficking.

Connect with Greg and ReallyTrusted at:

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https://www.facebook.com/ReallyTrusted/

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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. Taylor’s experience speaking to new and potential clients’ sheds light on common misconceptions, while Catagay offers a deep dive into the evolving, policy-specific concerns mortgage brokerages encounter. Together, they discuss the ways ReallyTrusted is helping client’s approach FINTRAC compliance with clarity and confidence, helping ensure these new requirements are met effectively.

This episode offers an essential look at the early days of FINTRAC’s regulations in the mortgage sector, uncovering valuable insights for brokerages looking to stay compliant and prepared.

Key Takeaways:

- Many mortgage brokerages face challenges understanding their role under FINTRAC regulations.

- Designated individuals often need help crafting policies tailored to new compliance standards.

- Misunderstandings are common around what data must be recorded and reported.

- Brokerages frequently underestimate the time and resources required for full compliance.

- ReallyTrusted provides tailored programs to help brokerages meet compliance requirements efficiently.

Connect with Greg and Really Trusted at:

https://reallytrusted.com/

https://www.facebook.com/ReallyTrusted/

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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, explaining that they are court orders that compel individuals to explain the source of funds for their assets, even without a criminal conviction. He highlights how UWOs are an important tool for law enforcement, as they help overcome the challenges of tracing complex financial transactions, particularly when it comes to organized crime.

The discussion explores the controversial aspects of UWOs, such as the lower standard of proof required compared to criminal convictions. This raises concerns about the presumption of innocence and the potential for abuse. However, Chris argues that there are safeguards in place, such as the need for court approval, and that UWOs are necessary to prevent criminals from living off the proceeds of their crimes.

The episode also delves into a case study of the successful use of UWOs in the UK, the Haji-Ioannou case, which demonstrates the effectiveness of this tool in addressing suspected proceeds of crime. Additionally, the conversation touches on the practical considerations and future directions for UWOs in Canada, as other provinces may follow BC's lead in introducing this legislation.

Overall, this episode provides a comprehensive understanding of Unexplained Wealth Orders, their importance in the fight against financial crime, and the ongoing debate around balancing law enforcement powers and civil liberties.

Key Takeaways:

· Unexplained Wealth Orders (UWOs) are a court order that compels individuals to explain the source of funds for assets, even without a criminal conviction.

· UWOs are an important tool in fighting organized crime and removing the proceeds of

crime, as they help law enforcement overcome challenges in tracing complex financial transactions.

· The lower standard of proof required for UWOs(reasonable grounds to suspect) compared to criminal convictions is controversial, as it raises concerns about the presumption of innocence.

· Effective implementation of UWOs requires a balance between empowering law enforcement and protecting civil liberties, with safeguards such as court approval.

· UWOs have been successfully used in other jurisdictions, such as the high-profile Haji-Ioannou case in the UK, and are now being introduced in Canada, starting with British Columbia.

Learn more about Christ at https://www.bcsc.bc.ca/guardians/meet-our-enforcement-staff-investigator-chris-thompson

Connect with Greg and ReallyTrusted at:

https://reallytrusted.com/

https://www.facebook.com/ReallyTrusted/

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