Malcolm Aboud Malcolm Aboud

Impact on Canadian companies: U.S. Anti-Money Laundering Reform Establishes beneficial ownership registry and strengthens subpoenas

In the waning days of 2020, many Canadians watched the political events unfolding in the United States, including  Congress’s first and...

U.S. authorities release guidance on potential sanction violations for facilitating ransomware payments

Increasingly, companies may find themselves at the mercy of cyber-pirates and other hackers who, through improper means, seize control of information...

Key developments in white-collar defence

This year was marked by uncertainty and increased risk for businesses as a result of the COVID-19 pandemic.

DOJ Opinion Procedure Release offers guidance for contracting with public bodies

Guidance from law enforcement and regulators on their priorities and expectations is a valuable tool for managing risk for businesses and...

U.S. DOJ and SEC update Foreign Corrupt Practices Act guidance

As we have discussed on a number of occasions, the approach taken to investigating and prosecuting financial crime in the United States is...

Preparing for the reopening of Canada’s economy: Best practices for resuming operations and managing risk

As governments across Canada announce their frameworks to reopen the economy, and provinces begin to gradually ease emergency restrictions, companies...

Corruption risk and the COVID-19 pandemic: Ensuring compliance in the era of the “new normal”

The COVID-19 pandemic increases risk for businesses operating in a new and uncertain economic context. While regulators have eased certain...

Canada drops from Top 10 Least Corrupt Countries in Transparency International Annual Corruption Perceptions Index

On January 23, 2020, Transparency International (TI) released its annual Corruption Perceptions Index (CPI), reporting that Canada had dropped four...

FCPA developments: Glencore, Ericsson and increasing regulatory enforcement

Regulators in both the U.S. and the UK have recently undertaken significant enforcement action against companies for alleged violations of foreign...

Turning the Page? SNC Pleads Guilty to Fraud Relating to Libya Work; Former Executive Sentenced for Fraud, Corruption

On December 18, 2019 a division of SNC-Lavalin Group Inc. pleaded guilty to fraud  in relation to the company’s activities in Libya, to...