All Canada articles – Page 3
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Blog
Northland Power promotes legal chief
Canada-based Northland Power announced Yonni Fushman, chief legal officer and executive vice president of sustainability, was promoted to chief administrative and legal officer.
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News Brief
Report: Canada’s FINTRAC to increase reliance on AI
Canada’s financial intelligence agency aims to increase its use of artificial intelligence technology to improve its capabilities to analyze data and detect suspicious activity, according to an agency official.
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Premium
Ethical compliance for facial recognition technology
The lack of clear regulations and guidelines for the ethical use of facial recognition technology further exacerbates concerns of discriminatory practices and potential infringements on human rights.
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News Brief
FINTRAC fines CIBC $950K over AML lapses
The Canadian Imperial Bank of Commerce received the second penalty for alleged deficiencies regarding suspicious transaction reporting announced this week by Canada’s financial intelligence agency.
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Blog
Great Gulf Group hires chief legal officer
Real estate company Great Gulf Group hired Corinne Pruzanski as chief legal officer.
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News Brief
Canada’s AML agency fines RBC $5.5M over suspicious transaction reports
Royal Bank of Canada was assessed an administrative penalty of nearly 7.5 million Canadian dollars (then-U.S. $5.5 million) in November by the country’s financial intelligence agency for alleged deficiencies in its suspicious transaction reporting mechanisms.
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Blog
AIMCo announces chief legal officer
The Alberta Investment Management Corp. announced the appointment of Shelley Nixon as chief legal officer.
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Blog
KWESST names corporate controller as chief compliance officer
Technology company KWESST Micro Systems appointed its Corporate Controller Kris Denis as chief compliance officer.
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News Brief
TD Bank unit fined $600K by FINRA over email review lapses
TD Private Client Wealth agreed to pay a $600,000 penalty levied by the Financial Industry Regulatory Authority for allegedly failing to review millions of employee emails as required by the self-regulatory organization’s rules.
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News Brief
SEC, Canadian regs fine RBC $6M for accounting failures
Royal Bank of Canada will pay $6 million in total penalties to settle charges from the Securities and Exchange Commission and two Canadian regulators that it failed to properly record software development costs for more than a decade.
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Blog
Equitable Bank appoints chief risk officer
Equitable Bank announced the appointment of Marlene Lenarduzzi as chief risk officer.
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Blog
TradeZero Canada Securities gets new CCO
TradeZero Holding Corp., which provides online trading platforms for retail traders, announced Leo Ciccone as chief compliance officer of TradeZero Canada Securities.
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Blog
Scotiabank promotes CRO to group head and chief risk officer
Scotiabank announced the promotion of Chief Risk Officer Phil Thomas to group head and chief risk officer.
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News Brief
TD Bank expecting punishment in BSA/AML probes
TD Bank disclosed in a shareholder report it is facing regulatory investigations regarding its Bank Secrecy Act/anti-money laundering compliance program.
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Blog
Versapay appoints general counsel
Financial technology company Versapay announced the appointment of Spencer Robinson as general counsel.
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News Brief
Wells Fargo fined $200M in latest SEC, CFTC off-channel comms sweep
The Securities and Exchange Commission and Commodity Futures Trading Commission continued their crackdown on financial firms’ recordkeeping failures regarding employee use of off-channel communications with $555 million in total fines levied against nine institutions and their affiliates.
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Premium
Q&A: FlightHub compliance officer on shift to culture of compliance
Sona Bedrossian, FlightHub Group’s general counsel and compliance officer, explains to Compliance Week how the online travel agency embeds compliance into its technology.
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Blog
Canadian Solar chief compliance officer retires
Renewable energy company Canadian Solar announced Jianyi Zhang’s retirement as chief legal officer, chief compliance officer, and corporate secretary.
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Article
Data-driven disruptor Bianca Forde hailed as Compliance Innovator
In just one year, Bianca Forde improved the ethics and compliance program at Otis Elevator Company through collaboration, innovation, and data-driven solutions. Her work earned her the nod as Compliance Innovator of the Year at the 2023 Excellence in Compliance Awards.
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Premium
ESG reporting an opportunity to showcase compliance quality
Hassan Chaudry, director of compliance at Canada-based asset management firm Starlight Investments, shares his take on how companies can derive value from their compliance efforts regarding environmental, social, and governance and anti-bribery and corruption.