All Canada articles – Page 2
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Blog
Defense Metals names former Philip Morris GC to board
Defense Metals announced the appointment of Suzanne Rich Folsom, who was most recently senior vice president and general counsel at Philip Morris International, to the board of directors of the company.
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Lomiko announces chief sustainability officer
Canadian mining company Lomiko Metals announced Cindy Valence will join as chief sustainability officer.
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Laurentian Bank announces chief risk officer
Montreal-based Laurentian Bank announced the appointment of Christian De Broux as chief risk officer.
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News BriefTD Bank risk chief laments ‘procedural weaknesses’ in U.S. AML program
TD Bank Chief Risk Officer Ajai Bambawale said “procedural weaknesses” in the institution’s U.S. anti-money laundering program allowed bad actors to exploit its network.
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National Bank of Canada announces new risk chief
National Bank of Canada announced Jean-Sébastien Grisé, currently senior vice president and chief credit officer, will be appointed as executive vice president, risk management and chief risk officer.
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News BriefCanadian parliament adds to TD Bank AML scrutiny
Canadian lawmakers will come together to discuss TD Bank’s reported failure to prevent drug traffickers from laundering proceeds of fentanyl sales on its platform.
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News BriefFINTRAC fines Binance $4.4M over AML/CFT violations
The Financial Transactions and Reports Analysis Centre of Canada imposed a penalty of approximately CAD$6 million (U.S. $4.4 million) against crypto platform Binance over alleged noncompliance with the country’s anti-money laundering/countering the financing of terrorism law.
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News BriefLululemon facing probe in Canada over greenwashing complaints
Athletic apparel company Lululemon is under investigation by the Canadian Competition Bureau regarding whether it made misleading claims about environmental aspects of its business.
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Plooto names chief compliance officer
Plooto, a payment automation solution for small-to-midsize businesses, welcomed Christopher Wassenaar as chief compliance officer.
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News BriefFINTRAC fines TD Bank record $6.7M over AML program failings
The Financial Transactions and Reports Analysis Centre of Canada fined TD Bank nearly CAD$9.2 million (U.S. $6.7 million) for failing to comply with its anti-money laundering regulations.
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News BriefTD Bank reserves $450M for BSA/AML enforcements
TD Bank said it set aside $450 million to settle regulatory and law enforcement investigations, including by the Department of Justice, into its anti-money laundering and Bank Secrecy Act programs.
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News BriefRBC unit fined by FINRA over trade confirmation violations
RBC Capital Markets agreed to pay nearly $769,000 to settle allegations levied by the Financial Industry Regulatory Authority, in part, over sending inaccurate information in trade confirmations to customers over nearly a decade.
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WildBrain appoints general counsel
Family entertainment company WildBrain appointed Mark Trachuk as general counsel.
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Borderless AI appoints ex-Visa, PayPal CCO to board
Payroll solution startup Borderless AI appointed Leonard Shen, the former chief compliance officer at Visa and PayPal, to its board of advisors.
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Thunderbird Entertainment announces general counsel
Canadian film and television company Thunderbird Entertainment Group announced the promotion of Lori Massini to general counsel.
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PremiumPolicy changes underscore need for enhanced child labor due diligence
Rooting out potential child or forced labor violations in your company’s supply chain can have benefits beyond protecting reputation and being ethically sound. The process can also help your firm comply with pending child labor laws in other jurisdictions.
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Marimaca Copper appoints general counsel
Canadian copper company Marimaca Copper Corp. welcomed Solange González as general counsel and corporate secretary.
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EnGene Holdings announces legal chief
EnGene Holdings, a clinical-stage genetic medicines company, announced the appointment of Lee Giguere as chief legal officer and corporate secretary.
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Royal Bank of Canada names ex-Wells Fargo risk chief to board
Royal Bank of Canada announced Amanda Norton, former Wells Fargo executive vice president and chief risk officer, was appointed to its board of directors.
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News BriefTD Bank reportedly facing fine for faulty AML controls
The Financial Transactions and Reports Analysis Centre of Canada is reportedly preparing to issue its largest fine to date against TD Bank for faulty anti-money laundering controls.