2nd June 2017
An Ontario regulator says it will not be disciplining 43 of the 45 mortgage brokers and agents that mortgage lender Home Capital cut ties with over allegations they falsified loan applications. The Financial Services Commission of Ontario said last week it had disciplined a mortgage broker and an agent after… Read More
29th May 2017
The White House moved Friday to calm an exasperated world after a close adviser to President Donald Trump suggested the U.S. was considering easing sanctions on Russia. The suggestion, made Thursday aboard Air Force One by Gary Cohn, the president’s top economic adviser, had roiled already tense conversations at the… Read More
19th May 2017
Russia is warning Canada the adoption of a Magnitsky-style law would result in a significant blow to bilateral relations, while a prominent Russian dissident commends Ottawa’s decision to support sanctions against human-rights abusers worldwide. In a statement published Thursday, the Russian Foreign Ministry condemned an announcement by Canadian Foreign Affairs… Read More
18th May 2017
Canada’s government decided Wednesday to create legislation to expand the country’s international sanctions law to target gross human rights violators, Foreign Minister Chrystia Freeland told Parliament. A Parliament committee agreed last month to support amending Canada’s sanctions rules to include rights violators, acting in honor of the Russian whistleblower Sergei… Read More
16th May 2017
US authorities have dropped sanctions against a number of Irish-based executives working for payments company Pacnet, who were linked to an investigation of the Canadian-headquartered group last year. Last autumn, the US department of the treasury sanctioned Pacnet for allegedly laundering money from schemes used to dupe people… Read More
9th May 2017
After years of trying to build public and media support, significant progress has been made with the last two federal budgets in the fight against overseas tax evasion. Finally, the federal government is providing the Canada Revenue Agency the resources it needs to take on those who hide their money… Read More
17th April 2017
Canada has announced sanctions against 27 high-ranking officials in the government of Syrian President Bashar al-Assad. Foreign Affairs Minister Chrystia Freeland says in a statement that those people are now subject to an asset freeze and dealings prohibition. Read More
13th April 2017
The Royal Canadian Mounted Police (RCMP) charged the head of a commercial aircraft company with conspiring to bribe military officials in Thailand. The alleged conspiracy is connected to a deal involving aircraft from the Thailand national airline. Larry Kushniruk, president of Canadian General Aircraft was charged in November under the… Read More
12th April 2017
G7 foreign ministers agree on one thing: Syrian President Bashar al-Assad has to go. Rex Tillerson arrived in Moscow Tuesday carrying a message from a G7 united on that point — but divided on how far they are willing to push the Syrian dictator’s ally and sponsor, Russia, to achieve that goal. Read More
29th March 2017
Bill C-25 does little to stop foreigners from using Canadian companies to "snow wash" illicit funds. Read More