June 16, 2019
The Canada Revenue Agency , CRA announced that it executed 15 simultaneous search warrants on June 12, 2019, in Ottawa, the Greater Toronto Area, London, and Windsor, Ontario, and in Gatineau, Laval, and Montréal, Quebec. These searches were conducted in order to collect more information in connection to an investigation, representing approximately $8.3 million in tax evaded.
June 3, 2019
Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) Regulators are strengthening their collaborative efforts to identify and combat money laundering and terrorist activity financing risks in the securities dealers sector across Canada. FINTRAC announced today that its Memorandum of Understanding with the Investment Industry Regulatory Organization of Canada (IIROC) has been strengthened to allow for greater cooperation and information sharing in the fight against money laundering and terrorist activity financing, while reducing the duplication of effort and the compliance burden for Canadian securities dealers.
May 7, 2019
Financial flexibility and the proper sharing of risk are important because they help people adapt to changing circumstances and the economy adjust to shocks
April 22, 2019
The Canadian Securities Administrators (CSA) today released the Oversight Review Report of the Investment Industry Regulatory Organization of Canada (IIROC). The report evaluates whether IIROC has complied with the terms and conditions of its Recognition Orders, and whether specific regulatory processes are effective, efficient and applied consistently and fairly.
April 4, 2019
Canada’s economic growth slowed late last year, and this weakness is extending into 2019. Part of this is due to developments in our oil sector and in our housing sector, but the broader effects of trade uncertainty on investment are clearly there.
March 22, 2019
The Canadian Securities Administrators (CSA) and Investment Industry Regulatory Organization of Canada (IIROC) today published Joint Canadian Securities Administrators/Investment Industry Regulatory Organization of Canada Consultation Paper 21- 402 Proposed Framework for Crypto-Asset Trading Platforms. The consultation paper seeks input from the fintech community, market participants, investors and other stakeholders on how regulatory requirements may be tailored for crypto-asset trading platforms (platforms) operating in Canada.
December 2, 2018
Finance Minister Bill Morneau tabled in Parliament the 2017–18 Annual Report of the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). The report outlines key activities and operations that the Centre carried out in 2017–18 to help protect Canadians and the integrity of Canada’s financial system.
November 13, 2018
Canada Revenue Agency (CRA) officials participated in a five-nation challenge to optimize international coordination against tax evasion.
November 12, 2018
A majority of Canadian investors surveyed for the Investment Industry Regulatory Organization of Canada (IIROC) support the regulator’s proposals to provide alternative approaches to enforcement that would encourage early settlement of disciplinary cases and divert minor rule violations away from lengthy hearings.
October 15, 2018
The Investment Industry Regulatory Organization of Canada (IIROC) today applauded the Government of Nova Scotia upon proclamation of legislation that strengthens investor protection, and safeguards seniors and vulnerable retail investors.
