Risk Management and Crisis Response Blog

Budget 2024 proposes new reforms to combat financial crime in Canada

The federal government’s Budget 2024 includes measures to combat financial crimes, with a particular focus on money laundering. Read...

SEC wins novel ‘shadow trading’ trial against biopharma executive

A novel theory of insider trading known as “shadow trading” involves the use of material non-public information about a reporting issuer...

Canada’s new sanctions FAQs offer more questions than answers

The Canadian government has provided additional guidance on Canada’s autonomous economic sanctions, including those related to Russia, but the...

CIRO publishes proposals to level the advisor compensation playing field

Earlier this year, the Canadian Investment Regulatory Organization published a consultation paper outlining policy options that would help to level...

The stigma associated with crypto is largely unwarranted

A struggle to fit cryptocurrency into existing regulatory regimes has contributed to some public perception that crypto is disproportionately used in...

Compliance is starting to break the bank — it doesn’t have to

On February 21, 2024, LexisNexis Risk Solutions published its True Cost of Financial Crime Compliance Study, reporting on the results of a global...

OSC settles allegations relating to cryptocurrency tokens

In a first, Ontario’s Capital Markets Tribunal has approved a settlement agreement related to the promotion and sale of cryptocurrency tokens....

Duty of procedural fairness that would be owed to witnesses in issuing summonses under the Securities Act is minimal

A recent British Columbia Court of Appeal decision confirmed that, amongst the very limited avenues that witnesses have to challenge a regulatory...

Law 25: a new enforcement scheme for protection of personal information in the private sector in Québec

On September 22, 2023, the majority of the amendments to the Québec privacy legislation introduced in the Act to modernize legislative...

More complaints and more investigations: highlights from CIRO’s inaugural Enforcement Report

The Canadian Investment Regulatory Organization released a report on its enforcement activities for its first year of operations. Lawrence Ritchie,...