6th June 2019
By Helen Chan, Reuters Graft scandals, and the political, economic and legal fallout associated with them, have become public enemy number one. Efforts to fight corruption and punish corrupt individuals and businesses are at the top of the agenda for many regulators and government around the world. Mere association with… Read More
5th June 2019
The U.S. Securities and Exchange Commission sued social media company Kik Interactive Inc on Tuesday, alleging it conducted an illegal $100 million securities offering of digital tokens in 2017. The move sets up what could be a high-profile legal fight over the U.S. government’s treatment of cryptocurrencies. Kik, which provides… Read More
31st May 2019
The government of British Columbia has asked public colleges and universities and private post-secondary schools to bar large cash payments from students as part of a broad crackdown on money laundering in the Canadian province. A recent report commissioned by the government found that students had paid thousands of dollars… Read More
20th May 2019
British Columbia’s recently announced probe into suspected money laundering has drawn promises of cooperation from federal officials along with new questions for other provinces. On Wednesday, British Columbia (BC) Premier John Horgan announced that his government would conduct a public inquiry into the “extent, growth, evolution and methods of money… Read More
13th May 2019
Criminals had placed an estimated $7 billion CAD in real estate in the Canadian province of British Columbia (BC) as of last year, according to a report published Thursday. The sum made up nearly five percent of the total property-related transactions in the province and accounted for an approximate 5-percent… Read More
3rd April 2019
The government of Canada’s British Columbia introduced legislation Tuesday that would require corporations, trusts and other legal entities to name the true owners of real estate they currently own or are in the process of buying. If implemented, the Landowner Transparency Act would create the country’s first public registry of… Read More
1st April 2019
A former cabinet member at the heart of a crisis that could cost Canadian Prime Minister Justin Trudeau his job on Friday released documents to back up her case that she had been pressured to help a large corporation avoid a corruption trial. Trudeau has been on the defensive since… Read More
22nd March 2019
Loose reporting requirements and lax enforcement have made the Canadian housing market particularly appealing to international money launderers, three watchdog groups said in a report Thursday. Under Canada’s anti-money laundering (AML) rules, real estate agents, brokers and developers need not always determine the beneficial owners or sources of funds from… Read More
15th March 2019
Canadian regulators are looking to create new rules for crypto trading platforms, months after the death of the founder of digital platform Quadriga CX that led to about C$180 million ($135 million) in frozen cryptocurrencies. The Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization… Read More
5th March 2019
AP—Another member of Canadian Prime Minister Justin Trudeau’s Cabinet resigned Monday over a scandal that has shaken the government in an election year. Treasury Board president Jane Philpott, considered a star minister, said in a resignation letter that it was “untenable” for her to continue in the Cabinet because… Read More