Category: Latest Insights

Assessment of Inherent Risks of Money Laundering and Terrorist Financing in Canada and Guidance on Risk-Based Approach

August 10, 2015

In preparation for the audit of Canada’s anti-money laundering and terrorist financing regime by the Financial Action Task Force (FATF) in the fall of 2015, the Department of Finance and the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) have been very busy. In that regard, they have each released guidance that is intended to  provide information to reporting…

Amendments to Canada’s Anti-Money Laundering Legislation: What’s New and What’s Next

July 6, 2015

On July 4, 2015, the federal government released amended regulations (Regulations) under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA). While there are some additional regulatory burdens imposed on regulated entities in respect of domestic politically exposed persons (PEPs), and additional components to be considered in risk assessments, many of the proposed changes will be welcomed by…

Navigating the Minefield: Practical Considerations for Conducting Internal Investigations

June 2, 2015

INTRODUCTION The reality of today’s business landscape is that no industry is entirely isolated from incidents of bribery or corruption. Accordingly, corporations should ensure they have appropriate procedures in place to conduct properly scoped and designed internal investigations when such issues surface. A recent New York Times exposé regarding a corruption-related internal investigation undertaken by a Fortune 500 company is…

Canada’s New Anti-Spam Law

June 1, 2015

Canada’s new Anti-Spam Legislation, known as CASL, is one of the strictest in the world. In general, CASL requires consent before sending “commercial electronic messages” and requires that all such messages meet certain form and content requirements. This seems simple, but as always, implementation can be complicated. This article explains the legislation and walks through some real-world scenarios to demonstrate…

When the Dust Settles: An Update on Changes to Canadian IP Legislation

May 19, 2015

Canada is in the midst of a substantial overhaul of its intellectual property statutes and regulations that will have wide-ranging implications for patent, industrial design, trade-mark and copyright law as well as procedure. This Update summarizes the most important revisions that have already been implemented and those that are expected to be implemented within the next few years. PATENTS The most substantial…