On February 18, 2023, the Department of Finance announced proposed changes (the "Amendments") to regulations under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (the "PCMLTFA").
The decision in Kemeny arises out of the funding of a loan transaction involving a written authorization and direction pursuant to which the borrower requested that a consulting fee—payable...
Throughout 2022, the environmental, social, and governance ("ESG") linked loan financing markets in the United Kingdom and the European Union continued to vigorously expand and evolve.
On February 28, 2023, the Office of the Superintendent of Financial Institutions ("OSFI") announced the release of a draft Culture and Behaviour Risk Guideline ("Draft Guideline").