FINTRAC released its first Terrorist Financing Assessment 2018 which provides a baseline assessment of the terrorist activity financing risks presented by various countries and terrorist organizations within those countries. Terrorist Financing Assessment: http://www.fintrac-canafe.gc.ca/intro-eng.asp
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Amendments to the Canada Business Corporations Act, which recently received Royal Assent as part of Budget Implementation Act No. 2.
These amendments set out criteria for identifying individuals with significant control over a corporation. It also sets out a requirement for a corporation that meets certain criteria to keep a register of individuals with significant control and requirements respecting the information to be recorded in it. Finally, it includes applicable offences and punishments. The amendments…
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Quebec Superior Court Finds Bank Liable to Pay Damages Following the Unreasonable De-Risking of a MSB
In a important decision handed down on July 20, 2018, the Quebec Superior Court ordered the Toronto-Dominion Bank (“TD”) to pay To read more here
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Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations
The proposed amendments have been published to Part I of the Canada Gazette for public consultation. (more…)
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