Financial Services Regulatory Financial Services Regulatory

Federal Financial Consumer Protection Framework in-force date announced, new regulations published

The new federal Financial Consumer Protection Framework is now set to come into force on June 30, 2022. In their Update, Osler’s Haley Adams and...

FINTRAC gets flexible with new anti-money laundering requirements

Osler’s Elizabeth Sale and Haley Adams break down the substantial legislative amendments and FINTRAC’s comprehensive guidance documents aimed at...

FINTRAC announces flexible compliance approach for upcoming Canadian anti-money laundering changes

FINTRAC announces flexible compliance approach for upcoming Canadian anti-money laundering changes. Osler’s Elizabeth Sale and Haley Adams...

Is Canada rising to the challenge? Responding to calls for more effective financial crime prevention and enforcement

As we have observed in a number of our prior posts (e.g., our post illustrating Canada’s drop from the top 10 least corrupt countries in...

Anti-money laundering in Canada: British Columbia notaries

In addition to the changes of general application listed in Part 1, a number of changes apply to certain Reporting Entity sectors. Read about this...

U.S. authorities release guidance on potential sanction violations for facilitating ransomware payments

Increasingly, companies may find themselves at the mercy of cyber-pirates and other hackers who, through improper means, seize control of information...

OSC-FINTRAC MOU for information sharing

On December 3, 2020 the Ontario Securities Commission (OSC) and Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) announced that...

Novel hybrid debt issuances by Canadian banks

Hybrid debt is debt with embedded equity features that are added to meet requirements imposed by a regulator, rating agency or some other third party...