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.
Is CIRO set to be the new Canadian Regulatory Hero?
CIRO is set to streamline the work of IIROC and the MFDA by harmonizing compliance rules and enhancing existing cybersecurity protocols.
IIROC: What it is and how to stay compliant
Market integrity is paramount in the securities industry to ensure fair and transparent trading practices, protect investors, and foster confidence. So how does the Investment Industry Regulatory Organization of Canada (IIROC) tackle such a broad objective, and how can firms ensure compliance?
How are financial regulators approaching AI integration?
Regulators globally have been implementing a variety of measures to manage the utilization of AI within the financial sector. We take a look at the key approaches so far.
OSFI Annual Risk Outlook: emerging risks in an evolving financial landscape
Canadian regulator, OSFI, has said that a culture of compliance is a “competitive advantage” in its 2023 Annual Risk Outlook. We take a look at four critical areas for the year ahead.