First Reference Talks

Discussions on Human Resources, Employment Law, Payroll and Internal Controls

McCarthy Tétrault LLP

By | 3 Minutes Read

Red flag indicators for virtual currency transactions

On December 2, 2020, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) published guidance on money laundering (“ML”) and terrorist financing (“TF”) red flag indicators for virtual currency transactions. In Canada, businesses dealing in virtual currency are subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Canada).

By | 4 Minutes Read

IIROC Publishes Notice Regarding Ransomware Attacks

The Investment Industry Regulatory Organization of Canada has published a Cybersecurity Notice on Ransomware, which flags a recent uptick in ransomware attacks on IIROC firms and provides guidance on how IIROC firms should prevent, detect, respond to and recover from ransomware attacks.

By | 28 Minutes Read

CPPA: De-identifying provisions

The Consumer Privacy Protection Act (CPPA) will make substantial changes to Canada’s privacy law. In this post I examine the significant proposed changes to the law as they relate to personal information that has been “de-identified”.

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