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Turning yourself in: the Alberta Securities Commission strengthens incentives for self-reporting

With its recent implementation of the Credit for Exemplary Cooperation in Enforcement Matters policy (ASC Policy), the Alberta Securities Commission...

Walmart sets aside US$283 million to potentially resolve FCPA allegations

Wal-Mart Stores Inc. announced in a November 16, 2017 filing with the U.S. Securities and Exchange Commission (“SEC”) that it has set...

The long arm of the law: Multilateral enforcement effort leads to deferred prosecution agreement for Telia

On September 21, 2017 Swedish telecoms company Telia Co. AB agreed to pay $548.6 million in penalties as part of a deferred prosecution agreement...

AMF to take closer look at registrants’ business relationships

The Autorité des marchés financiers (“AMF"), in seeking to bolster its role as a local regulator and better support the industry,...

United States v. Allen: Second Circuit’s decision has cross-border ramifications for compelled evidence

The United States Court of Appeals for the Second Circuit has refused to re-hear its decision in United States v. Allen, which ruled that it is...

Ontario considering overtime and hours of work rules for “IT professionals”

The Government of Ontario is looking at dropping a wide range of overtime and hours of work exemptions, including the exemption that now ...

Canada enacts Justice for Victims of Corrupt Foreign Officials Act – Implications for compliance with Canadian anti-money laundering requirements

On October 18, 2017, the Justice for Victims of Corrupt Foreign Officials Act (Sergei Magnitsky Law) (the Act) received royal assent and became...

OSFI publishes changes to its Corporate Governance Guideline – Applicable to banks, trust & loan companies and insurance companies

For corporate governance process-related matters, in addition to the legislative requirements under applicable statutes (e.g., Bank Act, Insurance...

Class action risks for initial coin offerings

Discussions surrounding the legal risks of initial coin offerings (ICOs) typically focus on the risk of regulatory action for failure to comply with...

OBSI complaint volumes on the rise

On October 30, 2017, Ombudsman for Banking Services and Investments released its first quarterly OBSI e-news publication, highlighting key...