Jan 18, 2019
FINTRAC Suspicious Transaction Guidance
FINTRAC has published new suspicious transaction guidance: “What is a suspicious transaction report”, “Reporting suspicious transactions to FINTRAC” and sector-specific “Money laundering and terrorist financing indicators”.
This guidance replaces “Guideline 2: Suspicious transactions”, “Guideline 3A: Submitting Suspicious Transaction Reports to FINTRAC electronically” and “Guideline 3B: Submitting Suspicious Transaction Reports to FINTRAC by paper”.
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Jan 11, 2019
Department of Finance Canada Launches Consultations on Open Banking
On January 11th, 2019, Department of Finance Canada launched consultations on Open Banking. Here is an excerpt from the Department of Finance Canada website:
"Open banking...
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Jan 04, 2019
Canada’s unemployment rate at a 43-year low
Statistics Canada reported that employment held steady in December 2018 and the unemployment rate was unchanged at 5.6%. The National Post also reported that Canada's...
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Jan 03, 2019
New Guidelines for Consent to Use Personal Information – January 1st 2019
As of January 1st 2019, the Privacy Commissioner of Canada is applying more robust guidelines for obtaining meaningful consent for using personal information. Read...
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Nov 23, 2018
Government of Canada Launches Pre-Budget Consultations
As a follow-up to Finance Minister Bill Morneau's November 21st Fall Economic Statement, the Government of Canada launched consultations for Budget 2019. Canadians can contribute...
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Nov 12, 2018
CMRA does not violate constitution, Supreme Court rules
On Friday, November 9th, the SCC overturned a lower court decision, clearing the way for the federal government and participating provinces and territories to create...
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Oct 01, 2018
RDBA Response to CDIC Consultation, September 2018
RDBA has responded to Canadian Deposit Insurance Corporation's Joint and Trust Account Disclosure By-law consultation paper from July, 2018.
Click here to download RDBA's submission (PDF)....
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Sep 14, 2018
Ontario pushes back on CSA’s proposed DSC ban
On Thursday, September 13th, 2018, The Canadian Securities Administrators (CSA) released a request for comment (PDF) with details on how it proposes to implement a...
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Aug 17, 2018
Consumer Price Index Rises 3%
Today, Statistics Canada announced that The Consumer Price Index (CPI) rose 3% on a year-over-year basis in July, following a 2.5% increase in June. While...
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Jul 23, 2018
CDIC Joint and Trust Account Disclosure Requirements Consultation
On July 20th, 2018, the Canada Deposit Insurance Corporation launched a consultation for public comment on proposed changes to requirements for deposits in joint and...
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