All Canada articles
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News BriefBroker-dealer BMO Capital Markets to pay $41M to settle trade supervision lapses
A broker-dealer subsidiary of Toronto-based BMO Financial Group will pay nearly $41 million in penalties to the Securities and Exchange Commission to settle allegations that its traders issued misleading disclosures on bonds for three years, causing $19 million in harm to its customers.
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News BriefCannabis company dinged by SEC over ‘round-trip’ transfer to inflate year-end cash
A cannabis company agreed to pay $225,000 to settle allegations that funds were temporarily deposited into its year-end accounts for the sole purpose of inflating year-end cash, the Securities and Exchange Commission said.
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Orla Mining names CSO
Orla Mining announced the appointment of Dr. Silvana Costa as the company’s new chief sustainability officer, effective Jan. 13.
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The Westaim Corporation appoints CRO
The Westaim Corporation announced that Matthew Skurbe will be appointed chief financial officer and chief risk officer.
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PremiumTop ethics and compliance failures of 2024
The biggest Compliance Fails of 2024 show the real-world consequences of noncompliance for the companies that faltered, but also for their customers and their employees.
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Carleton University names GC
Carleton University announced that Richard Sinclair will take on the role of general counsel, effective Jan. 6.
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Power Sustainable promotes GC to COO
Power Sustainable announced the appointment of its General Counsel Delia Cristea as new chief operating officer.
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Bitfarms appoints US general counsel
Bitfarms, vertically integrated Bitcoin data center operations firm, announced that it has appointed Rachel Silverstein as US general counsel.
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PremiumUnderfunding of BSA/AML compliance made TD Bank an unwitting partner to cross-border crime
Law enforcement officials stumbled on TD Bank’s role in money laundering while investigating a Mexican drug cartel. They found that the bank’s corporate culture considered compliance, particularly BSA/AML compliance, a low priority. As they dug deeper, authorities discovered that multiple money laundering schemes had infiltrated the bank’s network.
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News BriefReal estate firm JLL fined by Canada’s FINTRAC for AML, KYC failures
Canada’s anti-money laundering regulator fined Toronto-based real estate firm Jones Lang Lasalle $107,827 Canadian dollars (U.S. $77,632) for six violations of its anti-money laundering rules, after discovering gaps in recordkeeping and reporting requirements for know your customer rules.
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Genus Capital Management appoints sustainability chief
Genus Capital Management announced the appointment of Stephanie Tsui as the firm’s new chief sustainability officer.
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PremiumTD Bank fined nearly $3.1B by U.S. regulators for AML compliance failures
TD Bank will pay nearly $3.1 billion in penalties to four U.S. regulators to settle charges that it “chose profits over compliance” when it allowed three money laundering networks to filter more than $670 million in dirty money through the company.
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Cando Rail & Terminals names first legal chief
Cando Rail & Terminals announced the appointment of Eric Buettner as the company’s first chief legal officer.
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Teck announces legal, sustainability chief
Teck Resources Limited announced the appointment of Lyndon Arnall as executive vice president and chief legal and sustainability officer, effective Nov. 1.
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News BriefCFPB orders TD Bank to pay $28M for sending false info to credit agencies
TD Bank has been ordered to pay $27.7 million and implement compliance measures, for providing inaccurate, negative credit information to credit agencies about tens of thousands of its customers and taking too long to fix the errors, the Consumer Financial Protection Bureau said.
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Info-Tech Research Group announces legal chief
Info-Tech Research Group has appointed Ryan Huggett to the role of chief legal officer.
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Patriot Battery Metals names Pilbara Minerals’ GC as executive vice president
Patriot Battery Metals announced that Alex Eastwood, one of the founding senior executives at Pilbara Minerals in the roles of general counsel, chief commercial and legal officer, and company secretary, will join as executive vice president–commercial.
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News BriefTD Bank discloses liabilities over AML probes in U.S. balloon to $2.6B
TD Bank has set aside $2.6 billion to settle allegations made by U.S. regulators that deficiencies in its anti-money laundering program allowed fentanyl traffickers to launder money on its platform.
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CPP Investments announces risk chief
Canada Pension Plan Investment announced that Priti Singh is appointed as senior managing director and chief risk officer.
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GHD welcomes chief legal officer
Global professional services company GHD has named May Lin Chew as chief legal officer, effective Aug. 19.