ESC 2025/2026 Holiday Announcement
Thank You for a Remarkable 2025! ESC would like to express our sincere appreciation for your trust in our products and services. Our partnership has been an integral part of ESC’s journey, and we hope that our services have supported your success this year. From all of us at ESC, we wish you a joyful […]
New Beneficial Ownership Reporting Obligations for All Reporting Entities Effective Oct. 1, 2025
Effective Oct. 1, 2025, all reporting entities regulated by Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) must comply with new beneficial ownership and discrepancy reporting obligations under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA). What the New Regulation Requires: What You Need to Do: For individual identity verification, ESC […]
ESC Launches VIN Locator Service to Strengthen Vehicle Asset Risk Management
ESC is pleased to announce the launch of our VIN Locator Service, a solution designed to support auto lenders and creditors in safeguarding their vehicle assets across North America. Our VIN Locator Service provides timely alerts on adverse events and risk indicators, including thefts, impounds, cross-border security flags, and unauthorized sale listings. These alerts enable […]
ESC Webinar – Understanding Beneficial Ownership Reporting Changes Under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act
ESC Corporate Services hosted a webinar on June 25, 2025, featuring guest speakers from Cassels, to explore the evolving requirements under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (the “Act”).
British Columbia’s New Commercial Liens Act Coming into Force on June 30, 2025
British Columbia’s new Commercial Liens Act (the “CLA”), effective June 30, 2025, simplifies, modernizes and consolidates liens that secure payment on repaired, stored, and transported goods, replacing the Repairers Lien Act, Warehouse Lien Act, and Livestock Lien Act. The CLA establishes a single, unified statutory regime for a lien on goods for services performed in relation […]
Understanding the Recent Amendments to Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations
What Financing and Leasing Companies Need to Know The federal government and the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) published amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations (PCMLTFA) on March 26, 2025. These amendments will require financing and leasing companies to play a key role in the […]
ESC 2024/2025 Holiday Announcement
Thank You for a Remarkable Year! ESC would like to express our sincere gratitude for your continued trust and support in us. We value your partnership and look forward to providing continued support in 2025. From all of us at ESC, we wish you a joyous holiday season and a prosperous New Year! ESC – […]
Ontario Business Registry Update: Company Key Requirements
In an upcoming change to the Ontario Business Registry (OBR) filing process effective Feb. 1, 2025, all entities registered or incorporated in the OBR will be required to use a Company Key to conduct transactions. This is particularly impactful to entities that were incorporated before Oct. 19, 2021, which have not previously needed a Company […]
Protecting Your Sensitive Information: Cybersecurity best practices
As a trusted partner of choice to governments, industries and communities around the world, data and information security is at the forefront of everything we do at ESC. Help us keep information in the right hands, because cybersecurity starts with you! Learn more at www.cyber.gc.ca/en. To safeguard your sensitive information, follow these proactive steps: 1. […]
Auto Remarketing Canada ‘Under 40’ Award 2024
Auto Remarketing Canada ‘Under 40’ Award 2024 ESC is pleased to announce that Steve Black, our Sales Operations Manager, Recovery Solutions, has received the 2024 ‘Under 40’ award from Auto Remarketing Canada on June 25th at the Used Car Week Conference in Toronto. This is an annual award that recognizes industry influencers in the Automotive […]