Nathan Shaheen

Jan 8, 2025 | mondaq.com | Nathan Shaheen

The recent Fall Economic Statement announced theintention of the current Canadian federal government to materiallyincrease the financial (and other) penalties faced by designatedindividuals and entities doing business in Canada (known as"reporting entities"1) that fail to meet therequirements of Canada's anti-money laundering (AML) regime.

Jan 6, 2025 | jdsupra.com | Nathan Shaheen

The recent Fall Economic Statement announced the intention of the current Canadian federal government to materially increase the financial (and other) penalties faced by designated individuals and entities doing business in Canada (known as “reporting entities”1) that fail to meet the requirements of Canada’s anti-money laundering (AML) regime.

Sep 26, 2024 | jdsupra.com | Nathan Shaheen |Adam Walji

[co-author: Sophia DiNicolo - Articling Student]In its recent decision in Ingram v Kulynych Estate,1 the Court of Appeal for Ontario clarified the timeline for bringing equitable trust claims against estates, concluding that such claims are subject to the two-year limitation period outlined in s. 38(3) of the Trustee Act,2 rather than the 10-year limitation period under s.

Aug 28, 2024 | mondaq.com | Jessica Horwitz |Alison FitzGerald |Nathan Shaheen

On June 20, 2024, Bill C-59, the Fall Economic Statement Implementation Act received royal assent. Division 8 of this legislation introduced various amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, SC 2000, c 17 (PCMLTFA or the Act) and the Criminal Code (the Amendments) to support the Canadian Government's ongoing efforts to combat financial crime and prevent sanctions evasion.

Aug 28, 2024 | mondaq.com | Jessica Horwitz |Alison FitzGerald |Nathan Shaheen

On June 20, 2024, Bill C-59, the Fall Economic Statement Implementation Act received royal assent. Division 8 of this legislation introduced various amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, SC 2000, c 17 (PCMLTFA or the Act) and the Criminal Code (the Amendments) to support the Canadian Government's ongoing efforts to combat financial crime and prevent sanctions evasion.