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Canada proposes new AML regulations for factoring companies

Canada is set to include factoring companies in its anti-money laundering (AML) and anti-terrorist financing (ATF) regime, a significant regulatory expansion aimed at bolstering financial safeguards. The proposed amendments, part of the Regulations Amending the Proceeds of Crime (Money Laundering)...

#AML/CTF#factoring#regulation

GreenFirst announces the extension of its ABL facility with...

GreenFirst Forest Products Inc. (GreenFirst) has announced the extension of its asset-based lending (ABL) facility with Bank of Montreal. The…

#asset based lending#Bank of Montreal#GreenFirst Forest Products


WFY’24: Factoring has begun to gain momentum in Canada

Factoring, though historically a niche product in Canada and often misunderstood, has begun to gain momentum in recent years. As…

#factoring#financial institution#National Bank of Canada


PLATFORM Insurance Management introduces innovative Captive Insurance Practice Group

PLATFORM Insurance Management, a leading Canadian broker, has announced the formation of a Captive and Alternative Risk Financing Practice Group,…

#international#management#risk


Accord announces two new strategic funding facilities

Accord Financial Corp. (Accord) yesterday announced that it has established two new financing arrangements to support its Canadian small business…

#Accord Financial Corporation


DZ BANK to revolutionise trade finance customer service with...

Surecomp® today announced that leading trade finance bank DZ BANK AG, has taken the next step in its ambitious plans…

#bank#blockchain#management


Surecomp partners with MineHub to transform digital trade finance...

Surecomp is pleased to announce a partnership with MineHub Technologies, a leading provider of digital supply chain solutions for the…

#RIVO


Surecomp and Cleareye.ai partner to enhance AI powered trade...

Surecomp® has announced a strategic partnership with Cleareye.ai Inc., a leading provider of digital trade finance solutions providing automation of trade…

#Cleareye.ai#digital trade finance


Accord announces amendments to its banking facility

Accord Financial Corp. (Accord) yesterday announced that it has entered into amendments to its primary credit facility with its banking syndicate.…

#Accord Financial Corporation


Surecomp names new Head of Product Management to sustain...

Surecomp® has announced the appointment of Achraf Abourida (pictured) as Head of Product Management to accelerate digital trade finance innovation.…

#bank#digital#management


Accord Financial hires Ryan Ray as Director, Business Development,...

Accord Financial Corp., one of the U.S. and Canada’s leading independent commercial finance companies (Accord) announced the hiring of Ryan…

#Accord Financial#Accord Financial Corp#asset based finance


Surecomp further expands electronic trade document connection with CargoX...

Surecomp today announced that CargoX is the latest partner to join its RIVO™ platform. The collaboration further expands Surecomp’s fintech…

#digital trade finance#electronic documents#Enno-Burghard Weitzel

WFY’23: 2022 marks the end of Covid-19 factoring era...

The year 2022 marks the end of the Covid-19 factoring era for the Canadian market, said Loren Shifrin, CEO, REV Capital, Canada in his article included…

#Rev Capital#World Factoring Yearbook

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