Risk Management and Crisis Response Risk Management and Crisis Response

OFAC announces sanctions settlement against Canadian company’s U.S. parent

On October 5, 2017, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) announced a $372,465 settlement with...

Government seeks input on introducing deferred prosecution agreements regime in Canada

On September 25, 2017, the Government of Canada announced the launch of a public consultation seeking input on potential enhancements to the...

DOJ’s non-prosecution deal with Swiss firm illustrates the benefits of cooperation

The Department of Justice and Internal Revenue Service announced that a non-prosecution agreement has been entered into by the DOJ and Swiss...

AMF releases paper on managing conflicts of interest related to incentives in insurance

The Autorité des marchés financiers (the “AMF”) recently released an issues paper on managing conflict of interest risk in relation to...

Corporate whistleblower rewarded pursuant to the False Claims Act

Sanofi-Aventis has been rewarded $38.7 million for its role as a whistleblower in a settlement between another major pharmaceutical company and the...

OSC panel approves $12.5 million settlement with Home Capital Group Inc.

On August 9, 2017 a panel of the Ontario Securities Commission approved a settlement agreement with Home Capital Group Inc. and three of its former...

OFAC announces two major sanctions fines in July

This past July, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) announced two major fines for sanctions...

FINRA announces new initiatives to address “bad actor” brokers

In May, the U.S. Financial Industry Regulatory Authority (“FINRA”) Board of Governors approved a set of proposals as part of...

OSC releases long-awaited decision in Sino-Forest case

Six years after short seller Muddy Waters issued a report damning Sino-Forest Corporation as a fraud and a Ponzi scheme, the Ontario Securities...

VC and PE firm codes of conduct

Recent events at certain venture capital (VC) firms in Silicon Valley have brought into focus the importance of VC and private equity firms adopting...