September 19, 2016
With new anti-money laundering rules enacted this past summer, Investment Executive sought the comment of Counsel Peter Aziz for his take on how the regulatory landscape has changed for organizations subject to the new regime (you can read our take on the new regime in our bulletin "A Flexible but Rigorous Approach: Changes to Canada's Anti-Money Laundering Regulations," here). Below is an excerpt of the article.
"Overall, these changes represent additional obligations and burdens, with just a few relieving or flexibility measures," says Peter Aziz, counsel with Torys LLP in Toronto who specializes in compliance matters within the financial services sector. "So, the net position is a greater compliance burden."
To read the full article on Investment Executive, click here.