FINTRAC and FCAC: New Regulatory Requirements and Responses to COVID-19

Pandemic or not, recent changes have been made to the Financial Consumer Agency of Canada Act as well as to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. In the case of the FCAC, these changes have expanded regulatory powers. For FINTRAC-regulated entities, there are new reporting timelines and compliance obligations, including the publication of new guidance in respect of suspicious transaction reporting. In addition to these changes, both FINTRAC and the FCAC have been vocal on expectations in light of the COVID-19 pandemic. 

Join Blakes for a live webcast to address these and other new developments.

Speaker:

• Jacqueline D. Shinfield, Partner, Blakes

Moderator:

• Katie Patterson, Associate, Blakes

When:

Monday, June 22, 2020

1 – 1:45 p.m. EST

Log-in details for the live webcast will be sent to you prior to the date.


Mandatory Continuing Education

Ontario

This program contains 15 minutes of Professionalism content and 30 minutes of Substantive content. This organization has been approved as an Accredited Provider of Professionalism Content by the Law Society of Ontario.

Quebec

Please note that pursuant to the amendments to the Règlement sur la formation continue obligatoire des avocats (Regulation respecting mandatory continuing education for lawyers – available in French only) of the Barreau du Québec, which came into force on April 1, 2019, the status of “recognized provider” and the mandatory “recognition” of activities have been abolished.

Blakes will continue to provide you with a confirmation of participation for your records. As stipulated in the above-mentioned regulation, members must preserve supporting documents attesting their completion of training activities for a period of seven years beginning on April 30 following the end of the reference period during which such activities were completed.

British Columbia

This program has been accredited for 0.75 CPD Credit Hours with The Law Society of British Columbia and may be applied towards the two-hour requirement for ethics and/or practice management.