News

Anti-money laundering amendments for next House sitting

Consultations have been concluded on new amendments to anti-money laundering law and its passage will see employees of licensed financial institutions liable to at least a $5 million fine and jail time of up to three years if they breach requirements to ensure originator information for all wire transfers.

Melanie Joly

Canada minister urges new media laws to boost local content: paper

TORONTO (Reuters) – Canada’s Liberal government is prepared to overhaul the country’s laws governing broadcasting, media and cultural industries to support local content, Heritage Minister Melanie Joly told the Globe and Mail in a report yesterday, announcing a new policy direction in what she called a broken system.

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