On June 20, 2024, Bill C-59, the Fall Economic Statement Implementation Act received royal assent. Division 8 of this legislation introduced various amendments to the Proceeds of Crime (Money Laundering) and Terrorist...more
In Buduchnist Credit Union Limited v. 2321197 Ontario Inc., 2024 ONCA 57 (Buduchnist), the Court of Appeal for Ontario has affirmed that superior courts have broad and flexible jurisdiction to address breaches of...more
On June 15th, 2022 the Commission of Inquiry into Money Laundering in British Columbia released its highly-anticipated Final Report which comes after years of work and a review of extensive evidence, including testimony from...more
6/20/2022
/ Anti-Money Laundering ,
Banking Sector ,
Banks ,
Canada ,
Chief Compliance Officers ,
Chief Risk Officers (CRO) ,
Financial Crimes ,
Financial Institutions ,
Financial Services Industry ,
Financial Transactions ,
Fraud Prevention ,
Money Laundering
On May 24, 2022, nine Canadian cryptocurrency companies—Wealthsimple, CoinSmart, Netcoins, Shakepay, VirgoCX, Tetra Trust, BlocPal, Balance and Coinsquare—announced their membership in the Travel Rule Universal Solution...more
The United Kingdom recently passed the Economic Crime (Transparency and Enforcement) Act (ECA) on an expedited basis, bringing key changes to help the UK government and law enforcement combat financial crime....more
Ontario Superior Court Issues an Anton Piller Order in Connection with Alleged Cryptocurrency Theft -
Previously under seal and only recently released to the public, the Ontario Superior Court’s decision in Cicada 137 LLC v...more
The rise of cryptocurrency and other virtual assets has pushed regulatory and supervisory bodies responsible for anti-money-laundering rules around the world to develop new guidance and regulations for persons and businesses...more
On November 4, 2021, Ontario’s 2021 Fall Economic Statement announced an intention to address tax evasion, money laundering and other illicit financial activities by amending Ontario’s Business Corporations Act to require...more
In recent years, Canada’s Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its regulations have been amended with a view to strengthening Canada’s anti-money laundering (AML) regime. On June 1,...more
After almost a decade of attempts by individual members of parliament, Cabinet has taken up the mantle of gaming law reform, and yesterday the Minister of Justice introduced legislation to decriminalize single event sport...more
AGCO to Conduct and Manage Online Gaming -
Among the significant changes proposed in Ontario's pandemic-recovery budget bill (released November 5, 2020) are a suite of revisions to the legislation regulating online...more
On May 2, 2019, the Supreme Court of Canada denied leave to appeal from the Ontario Court of Appeal’s decision in Lavender v Miller Bernstein LLP1. The Supreme Court’s decision marks the end of a 14-year legal battle that has...more
On September 5, 2018, the Court of Appeal for Ontario released its decision in Lavender v Miller Bernstein LLP,1 overturning a summary judgment ruling that imposed significant liability on an auditor in previously...more
Will an arbitration provision in a services agreement between Uber and its drivers prevent the drivers from bringing a class action for being misclassified as contractors? The Ontario Superior Court recently addressed this...more
2/15/2018
/ Arbitration ,
Canada ,
Chamber of Commerce ,
Class Action ,
Corporate Counsel ,
Independent Contractors ,
International Chamber of Commerce (ICC) ,
Jurisdiction ,
Mandatory Arbitration Clauses ,
Mediation ,
Misclassification ,
Service Contracts ,
Uber ,
Wage and Hour
Justice Perell’s November 28, 2017, decision in Bennett v Hydro One Inc., 2017 ONSC 7065 [Bennett] to deny certification of a putative class action alleging that Hydro One was systemically negligent in billing customers...more
On October 31, 2017, the Ontario Court of Appeal released the latest decision in a nearly 25-year legal saga being pursued on behalf of approximately 30,000 indigenous Ecuadorian villagers affected by environmental pollution...more