The recent Fall Economic Statement announced the intention of the current Canadian federal government to materially increase the financial (and other) penalties faced by designated individuals and entities doing business in...more
On June 15th, 2022 the Commission of Inquiry into Money Laundering in British Columbia released its highly-anticipated Final Report which comes after years of work and a review of extensive evidence, including testimony from...more
6/20/2022
/ Anti-Money Laundering ,
Banking Sector ,
Banks ,
Canada ,
Chief Compliance Officers ,
Chief Risk Officers (CRO) ,
Financial Crimes ,
Financial Institutions ,
Financial Services Industry ,
Financial Transactions ,
Fraud Prevention ,
Money Laundering
The United Kingdom recently passed the Economic Crime (Transparency and Enforcement) Act (ECA) on an expedited basis, bringing key changes to help the UK government and law enforcement combat financial crime....more
In recent years, Canada’s Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its regulations have been amended with a view to strengthening Canada’s anti-money laundering (AML) regime. On June 1,...more