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Reference re Pan-Canadian securities regulation

Canada’s long pursuit of a more integrated and national approach to securities regulation has received a major boost. In its November 9, 2018...

DOJ exercises its broad jurisdiction under the FCPA in reaching non-prosecution agreement with Brazilian energy giant

The U.S. Department of Justice (the DOJ) recently announced that it has entered into a non-prosecution agreement with Brazilian state-owned...

IIROC continues to obtain expanded national enforcement powers

On October 12, 2018, the Government of Nova Scotia passed legislation giving the Investment Industry Regulatory Organization of Canada (IIROC) the...

Canadian prosecutors refuse to use new “Deferred Prosecution Agreement” regime in high profile case

Despite the recent and welcome introduction of a ‘deferred prosecution agreement’ regime in the context of white collar infractions in...

DOJ launches FCPA investigation into Major League Baseball

The U.S. Department of Justice (the DOJ) has reportedly commenced an investigation into Major League Baseball centering on alleged Foreign Corrupt...

As cannabis legalization looms, so do cross-border compliance risks

On October 17, 2018, Canada is set to become the first G7 economy to fully legalize recreational cannabis with the implementation of Bill C-45. As...

Deferred Prosecution Agreements (DPAs) come into force in Canada

On September 19, 2018, amendments to Criminal Code came into force establishing for the first time a Deferred Prosecution Agreement (DPA) regime for...

Ontario and Québec regulators join the “Global Sandbox”

On August 7, 2018, the United Kingdom’s Financial Conduct Authority (FCA) announced the creation of the Global Financial Innovation Network...

U.S. court limits application of FCPA for non-resident foreign nationals

A U.S. court has found the jurisdictional reach of the Foreign Corrupt Practices Act (FCPA) does not extend to non-resident foreign nationals when...

Commodity Futures Trading Commission announces major whistleblower awards as the Securities Exchange Commission dials back payouts

The U.S. Commodity Futures Trading Commission (CFTC) announced on August 2, 2018 that it had made multiple whistleblower awards totalling more than...