Banking, Bankruptcy & Insolvency
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October 22, 2025
FINTRAC fines crypto platform Cryptomus a record $177M for AML violations
Canada’s anti-money laundering (AML) watchdog has hit crypto payment processor Cryptomus with a record $177-million fine for failing to flag suspicious transactions allegedly linked to serious crimes such as terrorist activity and child sexual abuse material trafficking according to an Oct. 22 release.
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October 21, 2025
CRA call centres often fail to deliver accurate, timely help, says auditor general
The Canada Revenue Agency’s (CRA) call centres, which are supposed to help individuals and businesses with their tax queries, frequently dispense inaccurate and/or incomplete information and make Canadians wait unacceptably long times to get it, according to the latest review by the auditor general of Canada.
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October 20, 2025
Feds announce new Financial Crimes Agency to lead anti-fraud strategy
The federal government has announced plans to create a new Financial Crimes Agency to lead a new National Anti-Fraud Strategy set to be unveiled in the fall budget, according to a release issued on Oct. 20.
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October 15, 2025
Ontario courts launch new digital filing platform for civil, family cases in Toronto
Ontario’s trial courts have launched a new digital transformation initiative for the Toronto region.
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October 10, 2025
SCC clarifies when Quebec 10-year ‘extinctive prescription’ period reboots for collecting on judgments
The Supreme Court of Canada ruled 9-0 in a Quebec appeal that filing and serving a notice to seize property counts as a judicial application interrupting the 10-year deadline to collect payment on a judgment — thereby restarting for a further 10 years the “extinctive prescription” period (comparable to a limitation period in the common law provinces) that applies to rights resulting from most money judgments under art. 2924 of the Civil Code of Québec.
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October 09, 2025
New federal Bill C-12 features immigration reforms carved out from contentious ‘strong borders’ bill
The federal government has removed about half of its controversial 140-page omnibus “strong borders” bill (C-2) and inserted excised measures into a newly introduced 70-page “immigration and borders” bill (C-12), which proposes many of the same immigration changes that critics had called on Ottawa to scrap.
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October 09, 2025
B.C. to modernize consumer protection laws on credit fraud
British Columbia is introducing amendments to improve consumer protection laws, allowing consumers to benefit from stronger tools for protection against credit-related fraud and to “support confident financial decision-making.”
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October 09, 2025
Court finds credit union transactions enforceable despite unregistered operations in Alberta
The Alberta Court of Appeal has dismissed an appeal and cross-appeal relating to the question of validity and enforcement of transactions in a case where the appellants claimed a Saskatchewan credit union could not carry on business in Alberta.
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October 03, 2025
Legal classification of crypto assets in securities law re-examined following ruling by tribunal
The legal classification of crypto assets in securities law has been brought into question following a ruling by Quebec’s Financial Markets Administrative Tribunal. The tribunal held that the nature of a crypto and its potential classification as an investment contract may vary depending on the “economic reality” surrounding each transaction.
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October 03, 2025
Jeffrey Bradshaw joins leadership of DLA Piper’s restructuring group
DLA Piper (Canada) LLP has announced that Jeffrey Bradshaw has been appointed co-chair of the Canadian restructuring group in Vancouver.