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Key developments in capital markets regulatory and white-collar defence

Author(s): Lawrence E. Ritchie, Stéphane Eljarrat, Shawn Irving, Lauren Tomasich, Malcolm Aboud, Frédéric Plamondon

Dec 13, 2019

The year was marked by regulatory, legislative and political activity that significantly impacted the white-collar and capital markets regulatory enforcement landscape. The establishment of new enforcement structures and legislative action demonstrate the political desire to enhance enforcers’ ability to combat white-collar crime. In contrast, the effective use of the newly introduced “remediation agreement” has been threatened by events surrounding high profile events involving SNC-Lavalin (SNC).  

Ontario establishes a Serious Frauds Office

In August 2019, the Government of Ontario announced the launch of its Serious Fraud Office (the Ontario SFO), a combined task force of both investigators and specialized Crown prosecutors with the mandate and resources to pursue complex white-collar crimes. The Ontario SFO follows in the footsteps of similar structures in the United Kingdom and the United States...