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Below is a preview of the five most recent posts from the blog TechLex. To read these posts in their entirely or subscribe to future updates from this blog, please visit their website!
- Budget 2021: Financial Institutions Update
The 2021 federal budget included a number of measures directed to the financial services sector, including measures in respect of credit card interchange fees, the retail payments oversight framework, the federal unclaimed assets regime, a proposed clarifying change to the federal financial consumer … Read more »
- Federal Government Imposes New Digital Services Tax
On April 19, 2021, Deputy Prime Minister and Finance Minister Chrystia Freeland tabled in the House of Commons the Liberal Government’s first federal budget in more than two years, A Recovery Plan for Jobs, Growth, and Resilience (“Budget 2021”). As announced in the November 2020 Fall Economic Stat … Read more »
- FINTRAC Updates Guidance on Record Keeping, Client Identification, Beneficial Ownership and Correspondent Banking
In March 2021, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) updated its guidance on (1) record keeping, (2) client identification, (3) beneficial ownership and (4) correspondent banking. … Read more »
- Canada’s Privacy Overhaul: Deep Dive into Key Topics of Cross Border Transfers, Service Provider Obligations, AI, Employment Considerations and Class Action Developments
On March 3, 2021, McCarthy Tétrault LLP hosted the second session in its two-part series Canada’s Privacy Overhaul: Deep Dive into Key Topics. This article is about the second session (and a summary of the first session is available at this link). Both sessions are available for viewing online: Part … Read more »
- IIROC Publishes Notice Regarding Ransomware Attacks
The Investment Industry Regulatory Organization of Canada (“IIROC”) has published a Cybersecurity Notice on Ransomware (the “Notice”), which flags a recent uptick in ransomware attacks on IIROC firms and provides guidance on how IIROC firms should prevent, detect, respond to and recover from ransomw … Read more »