Industry News

Money laundering laws create new KYC obligations for advisors

(April 29, 2003) The recent enactment of new anti-money laundering regulations means financial advisors must step up their “know your client” (KYC) efforts, according to legal experts attending a recent conference in Toronto. As of March 31, 2003, financial institutions and intermediaries are required to report certain types of international electronic fund transfers of more […]

By Art Melo |April 29, 2003

2 min read

CSI launches online financial services job board

(April 29, 2003) With the Internet becoming the preferred choice for Canadian job seekers, the Canadian Securities Institute (CSI) has introduced an online employment service specifically for the financial services industry. The new Web site, called “Infocus,” is an attempt to bring financial firms and qualified candidates together, the CSI says. “Our research shows a […]

By Doug Watt |April 29, 2003

1 min read

SARS worries force cancellation of governance conference

(April 28, 2003) Citing concerns about SARS, the Canadian Foundation for Investor Education has postponed a one-day corporate governance symposium scheduled for June in Toronto. However, an informal check by Advisor.ca reveals that for other upcoming financial conferences in the Toronto area, it’s business as usual. The governance conference, held in association with the University […]

By Doug Watt |April 28, 2003

3 min read

Don’t fear strengthened regulatory powers, industry told

(April 25, 2003) Members of Manitoba’s investment community were warned to brace for — but not fear — continued regulatory change at a “Meet the Regulators” conference yesterday in Winnipeg. Don Murray, chair of the Manitoba Securities Commission (MSC), told the 200 in attendance that increased regulation and checks and balances aren’t designed to hurt […]

By Geoff Kirbyson |April 25, 2003

3 min read