25th July 2016
A Chinese property tycoon linked to a massive banking scandal in China’s industrial north is at the centre of more than $500 million in B.C. property deals, a joint investigation by Postmedia and global due diligence firm IPSA International shows. Chinese real estate magnate Kevin Sun — also known as… Read More
12th July 2016
On June 29, 2016, the Federal Government published the final version of the long-awaited regulations (Amending Regulations) to amend various regulations (Regulations) under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA). The Amending Regulations came into force on June 30, 2016, however, there is an almost one… Read More
8th July 2016
The Financial Transactions and Reports Analysis Centre (“FINTRAC”) has released the new Guideline: Methods to ascertain the identity of individual clients (“Guideline”) detailing the new methods to be used to ascertain the identity of individual clients. This Guideline applies to all entities (“reporting entities”) that are subject to the Proceeds… Read More
21st June 2016
The Ontario government should establish a new organization that would perform the functions currently performed by the Financial Services Commission of Ontario (FSCO) and the Deposit Insurance Corporation of Ontario (DICO) but also have a “specific fraud-deterrence mandate,” an expert advisory panel said in a report released Monday. FSCO regulates… Read More
16th June 2016
The Ontario Securities Commission will officially launch a rewards-backed whistleblower program July 14, and has named longtime regulator Kelly Gorman as the first Chief of the Office of the Whistleblower. “The OSC’s Office of the Whistleblower will be the first paid whistleblower program [operated] by a securities regulator in Canada,”… Read More
8th June 2016
Dubbed "the General", Mered Medhanie is alleged to have led a multi-billion dollar empire which specialised in people-smuggling. Read More
31st May 2016
The Law Society of Upper Canada has come a step closer to bringing firms under its regulatory wing, but some critics still have concerns about how a new disciplinary framework will work. Read More
25th May 2016
A joint CBC/Toronto Star investigation based on the Panama Papers provides the closing chapter in a years-long saga involving Canadian tycoon Victor Dahdaleh, which saw him battle criminal charges and a billion-dollar lawsuit on two continents over an international bribery scandal — all the while forging close ties with a trio of Canadian universities. Read More
25th May 2016
U.S. officials say he “enriched himself” with $400 million (U.S.) in mark-ups and paid tens of millions of dollars in bribes to Bahraini officials, a Toronto Star/CBC investigation has found. Read More
17th May 2016
Canada's financial regulator is pushing back against some of the more onerous demands placed on banks since the 2007-09 financial crisis, rejecting public health checks on lenders and allowing them to operate with lower capital buffers than overseas rivals. Read More