FINTRAC Maximum Fines Surging Soon

Canada will sharply increase anti-money laundering penalties under new national security legislation, raising maximum FINTRAC fines by up to 40 times. The government will raise penalties for “very serious” AML violations to $20 million from $500,000, while it will...

CSA Releases CPIF Oversight Review Report

The Canadian Securities Administrators (CSA) published the Oversight Review Report of the Canadian Investor Protection Fund (CIPF). The report evaluates the effectiveness, efficiency, and fairness of its regulatory processes, focusing on corporate governance and...

Ontario Urged to Join CSA Passport System

The Portfolio Management Association of Canada (PMAC) and Canadian Securities Administrators’ (CFA) are calling on Ontario to join the CSA passport system, noting it is now the only province after rejecting the model in 2007. They argue Ontario’s stance conflicts with...
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