Recently, the Canadian government amended some of the federal regulations that require securities dealers and advisers to file monthly reports with their principal securities regulator about whether or not they are in possession or control of property owned or controlled by or on behalf of certain individuals or entities (Designated Persons) listed in various regulations that form part of Canada’s anti-money laundering, anti-terrorist financing and economic sanctions regime (Federal Provisions). The bottom line is that although the monthly reporting obligation has been streamlined (a bit), firms still need to continuously check all of the lists to ensure they are not dealing with any Designated Persons.