The financial services industry is constantly adapting to a complex and ever-changing regulatory landscape. Not only is compliance costly and time consuming, but also companies in violation of regulations face the possibility of reputational damage and heavy penalties. Financial services companies need a law firm that knows their industry, understands the regulators, is skilled at risk management and compliance strategies, and can represent them before regulatory bodies.
Blakes is recognized as having Canada's preeminent financial services practice, including the largest and most active financial services regulatory practice in the country. We provide sophisticated advice to numerous regulated financial institutions (including domestic and foreign banks, insurance companies, trust and loan companies, and credit unions), as well as commercial and consumer finance companies, operators of payment systems and other financial-service providers, fintechs, intermediaries, and distributors. We advise in connection with the following:
Products and documents
Governance and compliance
Anti-money laundering, anti-bribery, anti-foreign corruption and sanctions
Our multidisciplinary team regularly advises leading U.S., European, Asian and other non-Canadian banks and their affiliates on structuring cross-border arrangements in compliance with Canada’s banking legislation and other applicable Canadian laws. We also assist clients in their dealings with federal, provincial and industry regulators.