Blog: Financial Services

Cullen Commission Assessing Alternatives to May Money Laundering Hearings

The Commission of Inquiry into Money Laundering in British Columbia (the “Commission”), led by Commissioner Austin Cullen, was established by the provincial government pursuant to the Public Inquiry Act on May 19, 2019. The Commission was established following the provincial government’s commissioning of four reports dealing with money laundering in BC:

Dirty Money: An Independent Review of Money Laundering in Lower Mainland Casinos Conducted for the Attorney General of British Columbia , Peter M. German, Q.C., March 31, 2018; Dirty Money – Part 2: Turning the Tide – An Independent Review of Money Laundering in B.C. Real Estate, Luxury Vehicle…

Federal Government Launches Canada Emergency Business Account (CEBA)

As many small businesses across Canada are struggling to keep the lights on as the world continues to contend with the COIVD-19 pandemic, a measure of help may finally be on the way.

On March 27, the federal government announced additional measures to support businesses and not-for-profits. More information on Canada’s COIVD-19 Economic Response Plan, can be found at  https://www.canada.ca/en/department-finance/economic-response-plan.html

A number of lenders have subsequently been in consultation with the government on these measures, designing them specifically to help small and medium sized employers with their most pressing needs and position our economy to recover.  As a result, the government has…

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