Financial Services Regulatory Financial Services Regulatory

FINTRAC announces flexible compliance approach for upcoming Canadian anti-money laundering changes

FINTRAC announces flexible compliance approach for upcoming Canadian anti-money laundering changes. Osler’s Elizabeth Sale and Haley Adams...

Is Canada rising to the challenge? Responding to calls for more effective financial crime prevention and enforcement

As we have observed in a number of our prior posts (e.g., our post illustrating Canada’s drop from the top 10 least corrupt countries in...

Anti-money laundering in Canada: British Columbia notaries

In addition to the changes of general application listed in Part 1, a number of changes apply to certain Reporting Entity sectors. Read about this...

U.S. authorities release guidance on potential sanction violations for facilitating ransomware payments

Increasingly, companies may find themselves at the mercy of cyber-pirates and other hackers who, through improper means, seize control of information...

OSC-FINTRAC MOU for information sharing

On December 3, 2020 the Ontario Securities Commission (OSC) and Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) announced that...

Novel hybrid debt issuances by Canadian banks

Hybrid debt is debt with embedded equity features that are added to meet requirements imposed by a regulator, rating agency or some other third party...

Flexibility in the financial market in response to major changes

This year, financial market participants have been subject to many unprecedented changes that have forced them to show a great deal of flexibility....

Financial services regulation in 2020: Convergence, disruption and acceleration

The year 2020 can be divided into three phases: pre-COVID-19 pandemic; the initial COVID-19 phase which was marked by short-term emergency measures;...