Risk Management and Crisis Response Risk Management and Crisis Response

Canada drops from Top 10 Least Corrupt Countries in Transparency International Annual Corruption Perceptions Index

On January 23, 2020, Transparency International (TI) released its annual Corruption Perceptions Index (CPI), reporting that Canada had dropped four...

FCPA developments: Glencore, Ericsson and increasing regulatory enforcement

Regulators in both the U.S. and the UK have recently undertaken significant enforcement action against companies for alleged violations of foreign...

British Columbia government consultations on changes to Mortgage Brokers Act and Disclosure of Beneficial Ownership

The Provincial government announced on Friday, January 17, 2020, that it will be accepting feedback on two consultations to assist in its ongoing...

Déjà vu all over again: SEC lays fraud charges against former Portus co-founder Boaz Manor

Boaz Manor – the co-founder of the failed investment manager Portus Alternative Asset Management Inc. (“Portus”) – finds...

Amendments to British Columbia’s Securities Act expand enforcement powers

On October 21, 2019, British Columbia introduced Bill 33 (Securities Amendment Act, 2019), which provides for substantial amendments to the British...

Board and executive diversity remains a focus for regulators: CSA releases its report on women on boards and in executive officer positions

On October 2, 2019, the CSA released its fifth annual report on women on boards and in executive officer positions (the CSA Report). The CSA...

Settlement establishes compensation fund for PlexCoin ICO investors

A U.S. District Court has approved a settlement between the Securities and Exchange Commission (SEC) and the directing minds behind the PlexCoin...

Ontario establishes a Serious Fraud Office

At the end of August the Government of Ontario launched a new organization tasked with investigating and prosecuting complex white-collar crime. The...

Deviating from Whistleblower Programs may have more risk than payoff

The whistleblower at the heart of the multi-billion dollar Madoff fraud has set his sights on a new target; General Electric Co. Harry Markopolos is...

SFO issues new guidance on corporate cooperation

On August 6, 2019, the U.K.’s Serious Fraud Office (the SFO) – the U.K’s primary enforcement authority for economic crimes –...