On February 15, 2020, draft amending regulations (the “Draft Regulations”) were issued, proposing a number of amendments to be made to the prior amendments to the regulations (the “Regulations”) under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (the “PCMLTFA”). The Draft Regulations are open for comment until March 15, 2020 and will come into force on the day they are registered.
The federal government announced a new benefit today that will provide relief to employees who lose their income as a result of COVID-19 and are not eligible for Employment Insurance benefits. It is called the Canada Emergency Response Benefit (CERB).
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