FINTRAC fines five firms over C$350,000 for AML failures
Canada's anti-money laundering (AML) regulator FINTRAC has issued fines totalling over C$350,000 to five firms for multiple breaches of the Proceeds of Crime and Terrorist Financing Act.
Regulatory Wrap episode 75: SEC 2026 Examination Priorities
In Regulatory Wrap for the week to November 21, Kathryn Fallah reviews the focus areas highlighted in the SEC’s 2026 Examination Priorities.
Record C$176 million FINTRAC fine for AML failings
Canada’s anti-money laundering watchdog fined Xelox Enterprises Ltd C$176 million for violating anti-money laundering regulations under the Proceeds of Crime and Terrorist Financing Act.
AI-powered Anti-Money Laundering (AML) compliance in finance
AI is fast becoming the key differentiator for financial firms grappling to scale their anti-money laundering compliance. Sure, those who stick to the standard tool suite may still manage to comply. But forward-thinking institutions have been able to increase their accuracy and even spot new risks as they choose to enhance AML efficiency with AI.
The Conduct Chronicles – Deepfakes. Who are you really dealing with?
Emma Parry explores the growing risk of deepfake fraud, highlighting real world cases that have led to the loss of millions of dollars through scams and manipulation.
Prevent financial crime with real-time compliance monitoring
Since COVID, financial criminals have been on a rampage. FINCEN’s recent research shows rising cases of elder financial exploitation, identity-related suspicious activity, and the explosion of the ransomware landscape. In fact, impersonation fraudsters committed cybercrimes to the tune of $893 million across 2020 and 2021 through business email compromise (BEC).
Safeguarding compliance with insider threat protection
Insider threats are on the rise and the global average cost of a data breach is increasing year over year. So what can organizations do to protect themselves from insider threats?
FINRA Rule 2090
On Demand: Compliance & Conversation – Culture shock: A fireside chat on cultural compliance challenges
Watch on-demand and learn how effective supervision and facilitating an open dialogue with staff is key to ensuring a compliant culture.
Compliance & Conversation: Culture Shock: How cultural challenges are reshaping financial regulation
On February 5, 2025, we hosted a fireside chat that revealed key insights into the key features of a compliance culture and how regulation can prevent growth rather than encourage it.
Handling Politically Exposed Persons from a compliance perspective
In an era of heightened financial scrutiny, understanding and managing politically exposed persons (PEPs) has become a critical aspect of compliance in the securities market.