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SEC charges EisnerAmper LLP with improper professional conduct

The SEC has instituted administrative and cease-and-desist proceedings against EisnerAmper LLP for improper professional conduct during its 2020 audit of the Infinity Q Diversified Alpha Fund. The firm allegedly failed to obtain sufficient understanding of internal controls, gather adequate evidence, and exercise due professional care, violating PCAOB auditing standards.

CSA Publishes 2025 Systemic Risk Committee Annual Report

The Canadian Securities Administrators (CSA) has published its 2025 Systemic Risk Committee Annual Report, analyzing financial market trends, emerging risks, and potential vulnerabilities in Canadian capital markets. The report highlights the rise of AI and stablecoins as key areas of focus for potential financial stability impacts.

Canadian Securities Regulators Strengthen Benchmark Assurance Report Requirements

Canadian securities regulators have adopted final amendments to Multilateral Instrument 25-102, strengthening assurance report requirements for designated benchmarks. These changes clarify the scope, timing, and level of assurance for reports submitted by independent public accountants, aiming to enhance governance and controls over benchmarks. The amendments are set to come into force on May 5, 2026.

OSC Investor Warnings: Unregistered Companies

The Ontario Securities Commission (OSC) has issued investor warnings for eight unregistered companies operating in Ontario. These companies are not authorized to deal or advise in securities, posing a potential risk to investors.

OSC, AMF, CIRO Approve Financial Services Platform Test

The Ontario Securities Commission (OSC), Autorité des marchés financiers (AMF), and Canadian Investment Regulatory Organization (CIRO) have approved Project Samara, a financial services platform test in Canada. This experimental project evaluates a distributed ledger technology platform for bond transactions, involving major financial institutions and the Bank of Canada.

Canadian Securities Regulators Disrupt Over 7,500 Fraudulent Investment Websites

Canadian securities regulators announced the disruption of over 7,586 fraudulent investment and crypto scam websites between June 2025 and February 2026. This initiative, part of Fraud Prevention Month, highlights ongoing efforts to protect investors from online fraud.

FINTRAC Guidance on Proceeds of Crime Act Obligations

FINTRAC has published updated guidance for reporting entities on their obligations under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. The guidance covers various sectors and key compliance areas such as client identification and transaction reporting.

FINTRAC Policy Interpretations for Proceeds of Crime Act

FINTRAC has updated its policy interpretations database concerning the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. Notably, certain policy positions regarding payment processing and merchant servicing activities have been retracted as of April 27, 2022, with affected entities now subject to money services business requirements.

FINTRAC Supervisory Framework Guidance

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has released its supervisory framework. This guidance outlines the principles, risk framework, and pillars of supervision FINTRAC uses to ensure businesses comply with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.

FINTRAC Notices and Advisories for Reporting Entities

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has issued numerous notices and advisories to reporting entities. These updates cover a range of obligations, including guidance on bribery and corruption, politically exposed persons, ministerial directives, and beneficial ownership reporting.