Vladimir Shatiryan, Toronto

About Vladimir

Vladimir's practice focuses on advising Canadian and foreign financial institutions, including banks, insurers, credit unions, financial market infrastructures, and fintechs on the full spectrum of financial services regulation in Canada. He advises on critical regulatory aspects of complex transactions, licensing and approvals, cross-border rules for foreign institutions, corporate governance, resolution laws, payment clearing and settlement laws, and other regulatory issues. Vladimir also advises on designing and implementing effective regulatory compliance management programs and helps businesses navigate through the complex requirements under Canada's sanctions and anti-money laundering legislation. Vladimir represents clients in their dealings with Canadian financial services regulators, including OSFI, FCAC, FINTRAC, and provincial regulatory authorities.

Vladimir has completed a secondment with the Regulatory Affairs Division of Canada's federal financial institutions regulator, the Office of the Superintendent of Financial Institutions.

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Select Experience

Vladimir's recent representative work includes advising:

Foreign financial institutions on establishing financial presence in Canada
Canadian and foreign financial institutions on seeking regulatory approvals for new entry, change of control, investments, permitted activities, related-party transactions and other transactions requiring approval under Canadian financial institutions legislation
Foreign financial institutions on structuring cross-border commercial and consumer programs in compliance with Canadian regulatory requirements
Canadian and foreign financial institutions on bail-in legislation and NVCC instruments
Canadian and foreign financial market infrastructures on payment clearing and settlement rules
Canadian and foreign financial institutions on a broad range of issues relating to resolution and recovery planning
Credit unions and centrals on legislative requirements relating to capital and lending and investment restrictions, as well as on the process for continuing as a federal credit union
Financial institutions on related-party transactions requirements and restrictions relating to commodities ownership and trading
Canadian and foreign companies on the application of Canada's economic sanctions legislation, including screening and disclosure obligations, due diligence and compliance measures, facilitation provisions, and extra-territorial application
Businesses subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act in preparing anti-money laundering policies and controls and appealing notices of violations
Domestic and foreign financial institutions on various aspects of Canadian financial institutions legislation, including on matters related to regulation of deposit-taking and trust business, credit card issuing and acquiring, cost of borrowing disclosure, unclaimed property legislation, outsourcing arrangements, and regulation of prepaid payment products

Awards & Recognition

Vladimir is recognized as a leading lawyer in the following publications:

The Canadian Legal Lexpert Directory 2024 (Financial Institutions Regulation – Ontario)
Thomson Reuters Stand-out Lawyers 2024 – Independently Rated Lawyers (As nominated by senior in-house counsel)
The Legal 500 Canada 2024 (Banking and Finance)
The Best Lawyers in Canada 2024 (Banking and Finance Law)
Chambers Canada: Canada's Leading Lawyers for Business – 2023–2024 (Banking & Finance: Financial Services Regulation)
IFLR1000: The Guide to the World's Leading Financial and Corporate Law Firms – 2022–2023 (Financial Services Regulatory)
Global Banking Regulation Review's 45 under 45 (which recognizes the leading banking regulation lawyers globally)

Professional Appearances

Moderator : OSFI's New Integrity and Security Mandate - Key Practical Considerations for Financial Institutions
The Canadian Institute, November 22, 2023.
Speaker : National Regulatory Insight Regulatory Round Up: Part 2
Association of Corporate Counsel (ACC) Webinar, November 7, 2023.
Speaker : Compliance in the Financial Services Sector in AML/ATF
Osgoode Professional LLM Program (virtual), Toronto, Ontario, June 17, 2023.
Moderator : Open Banking
ETA Transact Tech and Policy Day, Toronto, Ontario, June 14, 2023.
Moderator : Faster Payments
ETA Transact Tech and Policy Day, Toronto, Ontario, June 14, 2023.
Moderator and Co-speaker : Bank Act Whistleblowing Requirements
28th Annual Flagship Conference on Regulatory Compliance for Financial Institutions, The Canadian Institute, Toronto, Ontario, October 2022.
Co-speaker : The Retail Payment Activities Act
Canadian Payments Outlook 2023, Blakes Webinar, Toronto, Ontario, March 29, 2023.
Speaker : OSFI Guideline B-15 - Practical Takeaways
Toronto Risk & Insurance Forum - Specialty Risk Round-up, National Club, Toronto, Ontario, February 23, 2023.
Speaker : Common Missteps and Key Continuous Improvement Areas for Regulated Companies to Achieve Compliance Controls
21st Annual Canadian Forum on Anti-Money Laundering and Financial Crime, The Canadian Institute, Toronto, Ontario, June 15, 2022.
Moderator and Speaker : How Open Banking is Changing the World of Payments
Transact Tech and ETA Annual Policy Day, Toronto, Ontario, June 14, 2022.