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Archive for juin 2017

27 juin, 2017

Investors Have a Fiduciary Duty to Monitor Managers Rigorously Otherwise They Fall Short

To effectively monitor an investment manager, investors must put in place a methodical process. In fact, it is part of their fiduciary duty to their stake holders to do so. Unfortunately the result of our global industry survey reveals that most investors have varying degrees of deficiencies in their programs. Some investors have no structured
13 juin, 2017

A Checklist for Canadian Securities Dealers as Many Fall Short in Meeting AML Requirements

When it comes to compliance, many Canadian investment firms are not meeting their anti-money laundering (“AML”) obligations. This article assists these firms by providing them with valuable insights.   What are the Requirements? What Types of Firms are Responsible? The Proceeds of Crime (Money Laundering) and Terrorist Financing Act (“PCMLTFA” or “the Act”) requires that