All Canada articles – Page 2
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News BriefCFPB orders TD Bank to pay $28M for sending false info to credit agencies
TD Bank has been ordered to pay $27.7 million and implement compliance measures, for providing inaccurate, negative credit information to credit agencies about tens of thousands of its customers and taking too long to fix the errors, the Consumer Financial Protection Bureau said.
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Info-Tech Research Group announces legal chief
Info-Tech Research Group has appointed Ryan Huggett to the role of chief legal officer.
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Patriot Battery Metals names Pilbara Minerals’ GC as executive vice president
Patriot Battery Metals announced that Alex Eastwood, one of the founding senior executives at Pilbara Minerals in the roles of general counsel, chief commercial and legal officer, and company secretary, will join as executive vice president–commercial.
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News BriefTD Bank discloses liabilities over AML probes in U.S. balloon to $2.6B
TD Bank has set aside $2.6 billion to settle allegations made by U.S. regulators that deficiencies in its anti-money laundering program allowed fentanyl traffickers to launder money on its platform.
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CPP Investments announces risk chief
Canada Pension Plan Investment announced that Priti Singh is appointed as senior managing director and chief risk officer.
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GHD welcomes chief legal officer
Global professional services company GHD has named May Lin Chew as chief legal officer, effective Aug. 19.
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Ontario Tech appoints new GC
Ontario Tech University announced the appointment of Jennifer MacInnis as its general counsel, effective Aug. 15.
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VersaBank appoints chief risk officer
VersaBank announced the appointment of Tim Bloom as chief risk officer.
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Defense Metals names former Philip Morris GC to board
Defense Metals announced the appointment of Suzanne Rich Folsom, who was most recently senior vice president and general counsel at Philip Morris International, to the board of directors of the company.
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Lomiko announces chief sustainability officer
Canadian mining company Lomiko Metals announced Cindy Valence will join as chief sustainability officer.
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Laurentian Bank announces chief risk officer
Montreal-based Laurentian Bank announced the appointment of Christian De Broux as chief risk officer.
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News BriefTD Bank risk chief laments ‘procedural weaknesses’ in U.S. AML program
TD Bank Chief Risk Officer Ajai Bambawale said “procedural weaknesses” in the institution’s U.S. anti-money laundering program allowed bad actors to exploit its network.
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National Bank of Canada announces new risk chief
National Bank of Canada announced Jean-Sébastien Grisé, currently senior vice president and chief credit officer, will be appointed as executive vice president, risk management and chief risk officer.
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News BriefCanadian parliament adds to TD Bank AML scrutiny
Canadian lawmakers will come together to discuss TD Bank’s reported failure to prevent drug traffickers from laundering proceeds of fentanyl sales on its platform.
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News BriefFINTRAC fines Binance $4.4M over AML/CFT violations
The Financial Transactions and Reports Analysis Centre of Canada imposed a penalty of approximately CAD$6 million (U.S. $4.4 million) against crypto platform Binance over alleged noncompliance with the country’s anti-money laundering/countering the financing of terrorism law.
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News BriefLululemon facing probe in Canada over greenwashing complaints
Athletic apparel company Lululemon is under investigation by the Canadian Competition Bureau regarding whether it made misleading claims about environmental aspects of its business.
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Plooto names chief compliance officer
Plooto, a payment automation solution for small-to-midsize businesses, welcomed Christopher Wassenaar as chief compliance officer.
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News BriefFINTRAC fines TD Bank record $6.7M over AML program failings
The Financial Transactions and Reports Analysis Centre of Canada fined TD Bank nearly CAD$9.2 million (U.S. $6.7 million) for failing to comply with its anti-money laundering regulations.
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News BriefTD Bank reserves $450M for BSA/AML enforcements
TD Bank said it set aside $450 million to settle regulatory and law enforcement investigations, including by the Department of Justice, into its anti-money laundering and Bank Secrecy Act programs.
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News BriefRBC unit fined by FINRA over trade confirmation violations
RBC Capital Markets agreed to pay nearly $769,000 to settle allegations levied by the Financial Industry Regulatory Authority, in part, over sending inaccurate information in trade confirmations to customers over nearly a decade.