Publication
E-23 guidelines: Risk modeling in age of emerging technology risks
In 2017, the Office of the Superintendent of Financial Institutions (OSFI) issued Guideline E-23 governing model risk management.
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Global | Publication | August 2024
Our regulation and investigations team has published the second article in their series on how companies will need to implement “reasonable procedures” to prevent fraud.
Read the full Inside Disputes blog, "Failure to prevent fraud: What to do now? Part 2: Policies and procedures."
In April 2024, the Republic of Türkiye has imposed sanctions on Israel, banning the export of 54 product groups (identified for potential military use) in response to Israel’s failure to comply with the binding decisions of the United Nations Security Council and the International Court of Justice. A month later, Türkiye announced that they extended the trade ban on Israel to an exportation and importation restriction covering all products.
While specific penalties for non-compliance have not been specified, it has been reported that in practice no products coming from Israel or destined for Israel are processed at Turkish customs. The penalties for and requirements arising from the non-compliance are expected to be announced shortly.
Publication
In 2017, the Office of the Superintendent of Financial Institutions (OSFI) issued Guideline E-23 governing model risk management.
Publication
On July 22, the Competition Bureau officially opened its public consultation to inform its enforcement guidelines for the new greenwashing provisions under the Competition Act (Act) that came into force on June 20, 2024, with the passing of Bill C-59 .
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