Banking, Bankruptcy & Insolvency
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July 14, 2025
FINTRAC publishes updates to its guidance on ministerial directive on Iran
Canada’s anti-money laundering watchdog has updated its existing guidance related to the federal government’s ministerial directive on financial transactions associated with Iran.
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July 14, 2025
BLG appoints Gus Karantzoulis head of specialized business law group
Borden Ladner Gervais LLP (BLG) has announced the appointment of Gus Karantzoulis as its national group head, specialized business law.
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July 11, 2025
FINTRAC flags rising use of dual-use goods, cryptocurrencies in weapons proliferation
Canada’s financial intelligence unit, FINTRAC, is warning that foreign actors are increasingly targeting Canadian dual-use goods and turning to cryptocurrencies in efforts to acquire resources and information to build weapons of mass destruction and evade counter-proliferation controls.
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July 11, 2025
Canadian Securities Administrators announces final amendments for system fees increase
The Canadian Securities Administrators (CSA) has published in final form amendments to Multilateral Instrument 13-102 System Fees (MI 13-102) in its bid to better align system fee revenues with projected national systems operating costs.
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July 11, 2025
Court finds conflict of interest for corporate class in COVID-19 business losses class action
In a class action related to losses that businesses suffered due to COVID-19 health orders, the Alberta Court of King’s Bench has adjourned an application to certify an additional corporate class, finding conflict of interest relating to the plaintiffs’ pleadings and within the proposed class itself.
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July 10, 2025
Competition Bureau will monitor Interac’s e-transfer pricing change
The Competition Bureau has announced that it will be “monitoring Interac’s commitment to change its wholesale e-transfer pricing structure from volume-based to a flat-fee, which is set to take place on November 1, 2025.”
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July 09, 2025
FINTRAC advisory updates G7 list of high-risk and monitored nations to counter money laundering
The G7’s anti-money laundering (AML) task force has updated its alert levels for some high-risk jurisdictions to protect the international financial system from money laundering and terrorist financing risks, according to a July 9 advisory issued by Canada’s AML watchdog.
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July 09, 2025
Jack Maslen joins Lawson Lundell as partner
Lawson Lundell LLP has welcomed Jack Maslen to the firm as a partner in its litigation and dispute resolution group and its insolvency and restructuring group.
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July 08, 2025
CFIB asks trade ministers to advance mutual recognition deal as think tank report urges caution
The Canadian Federation of Independent Business (CFIB) is urging federal, provincial and territorial trade ministers to make progress on a pan-Canadian mutual recognition agreement on goods and direct-to-consumer alcohol delivery as the ministers’ Committee on Internal Trade (CIT) meets in Quebec City.
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July 08, 2025
B.C. court upholds Quebec decision on $1.6M illegal payroll scheme
The British Columbia Supreme Court has dismissed an application to set aside a decision of the Quebec court in which the applicant failed “to report and remit approximately $1.6 million in employee source deductions.”