FINTRAC fines bank for compliance violations
Agency uncovered transaction reporting failures in compliance review
- By: James Langton
- December 11, 2024 December 11, 2024
- 12:15
Agency uncovered transaction reporting failures in compliance review
OECD unemployment rate has stayed low since early 2022
Forthcoming fall economic statement will boost loan limit to $80,000
Governor Tiff Macklem delivered this prepared statement
Consumer prices rose 2.7% in November from a year earlier
The key interest rate is now 3.25%
Programs in U.S. and Canada have proven effective at detecting, deterring financial crime
Mega forces, jumbo jets and overvaluations
Rents dropped for the second month in a row after more than three years of increases
OSC sweep uncovered issues with firms' account opening, client limits
Despite intensified uncertainty, risk landscape is largely stable
Morgan Stanley sanctioned by SEC for supervisory failures
Meanwhile, the U.S. stock market held relatively steady near its records
Paper calls for guardrails against negative side effects of digital innovation
Asset performance to weaken as growth slows and inflation, rates face pressure
Shell companies, crypto exchange processed US$470 million in drug money
In series of legal filings, regulator claims exclusive jurisdiction
Project designed to avoid creating needless burden with new regime
The Fed left its benchmark interest rate unchanged for 3rd straight meeting on Wednesday
U.S. subsidiary of CI Financial seeks to plug "gap" in Canadian ultra-high-net-worth market
Meanwhile, Canadian direct investment abroad rose 2.8% to $2.4 trillion
Powell has signalled he could stay on Fed board after term as chair ends May 15
Seasoned ETF exec will help asset manager build "an entire footprint" in the country
Plus, another BMO alum joins software firm, new faces at Manulife and Optimize Wealth, and more
Plus, a new gold bullion mutual fund and a slew of product lineup changes
Clarity for clients makes it easier to shop across carriers
At the same time, both fund types recorded positive net sales