Tag: Regulatory Compliance

The “Russian Laundromat” scheme is a notorious example of how complex and far-reaching financial crimes can be. Running from 2010 to 2014, this scheme funneled between $20 billion and $80 billion out of Russia, using a network of shell companies and global banks, many of which were based in Moldova and Latvia. This was not…

Quebec’s Law 25, also known as Bill 64, imposes strict rules on how organizations handle personal information. With the final phase of implementation now in effect (September 2023), businesses need to ensure Law 25 compliance to avoid hefty fines and maintain customer trust. Here’s what you need to know, along with answers to frequently asked…

In today’s data-driven world, privacy and data protection are paramount. One of the most significant developments in data privacy is Quebec’s Law 25, also known as Bill 64, which was officially adopted on September 22, 2021. This landmark legislation represents a significant step in modernizing Canada’s privacy landscape and introduces several key provisions that businesses…

One of Canada’s largest credit unions, Coast Capital Savings Credit Union (CSS), with over 50 branches across the country, needed to protect critical PII data stored in their AWS cloud environments, Amazon Redshift, AWS EMR, and AWS S3. CSS had to meet Canadian regulatory standards for compliance in 2021, including the Personal Information Electronic Documents…