Lawyer Profile Detail
Osgoode Hall Law School
Ana Badour is a partner in our Financial Services Group in Toronto. Her practice focuses on regulatory and compliance issues relating to financial services entities, including banks, insurance companies, credit unions and Fintech entities. Ana is a Certified Anti-Money Laundering Specialist (CAMS). Ana leads the firm’s Fintech group.
She regularly provides advice to clients in the financial services industry with respect to compliance with regulatory requirements, including consumer protection requirements and anti-money laundering requirements, and with respect to the negotiation of commercial agreements including credit card program agreements. She also advises with respect to regulatory matters relating to the financing of financial institutions, the establishment of new financial services providers and financial institution M&A and partnerships.
Ana’s recent representative work includes:
- acting for a foreign bank in connection with the bank’s establishment of a Schedule III branch;
- acting as counsel to the lenders in connection with a large secured liquidity facility to a regulated Canadian financial institution;
- acting as counsel to the purchaser in connection with the acquisition of a credit union;
- acting for Fintech entities in connection with their initial structuring and launch; and
- providing consumer protection advice with respect to credit cards, debit cards, prepaid cards and loyalty programs.
In 2016, Ana was honoured with a Lexpert Rising Star award, which recognizes Canada’s leading lawyers under the age of 40.
Ana is recognized in the 2017 edition of the Canadian Legal Lexpert Directory as a leading lawyer to watch in the area of banking & financial institutions.
Ana completed a six-month secondment with a major Canadian financial institution, during which time she advised on matters relating to mobile payments.
Ana is a frequent speaker and writer on various topics related to her practice areas, including Fintech regulation, payment innovation, marketplace lending, virtual currencies and blockchain technology.
Ana obtained her LLM in Banking and Financial Law from Boston University in 2014, with concentrations in International Banking and Financial Law and in Compliance Management. She was the recipient of the Award for Academic Excellence in Banking and Financial Law, for the highest cumulative GPA in the class. Ana has also completed the Osgoode Certificate in Regulatory Compliance and Legal Risk Management for Financial Institutions.
Ana received her B. Math (Operations Research) from the University of Waterloo in 2000, and her LLB from Osgoode Hall Law School in 2003. She was called to the Ontario bar in 2004.
Ontario Proposes Amendments to Gift Card Rules to Clarify Scope
Canadian Competition Bureau Releases Final Fintech Report
Alberta Proposes Significant Amendments to Consumer Protection Legislation
Canadian Competition Bureau Releases Fintech Report for Consultation
Review of the Federal Financial Sector Framework - Department of Finance Canada Second Consultation Paper including Focus on Fintech, Open Banking
OSFI Releases Proposed Updates to Guideline B-20: Residential Mortgage Underwriting Practices and Procedures
Government of Ontario Releases Consultation Paper on Debt Collection Legislation
Government of Ontario Issues Consultation Paper on Alternative Financial Services
Department of Finance Releases Consultation Paper on New Retail Payments Oversight Framework Providing for Functional Regulation of Payment Service Providers
OSFI Issues Advisory on Use of Words “Bank”, “Banker”, “Banking”
Transactions & Cases
Financing for acquisition of Sandvine Corporation by affiliate of Francisco Partners
National Bank of Canada completes C$690M issuance of inaugural Panda Bonds
RIA Telecommunications of Canada Inc. and Euronet Worldwide, Inc. acquire XE Corporation
Q9 Networks completes C$1.1 billion sale to investor group
CIBC completes C$175 million loan facility for Catalyst Paper
Norbord completes US$240 million high yield note offering
PLZ Aeroscience acquires substantially all of Assured-Packaging's business, assets and properties
Le Château completes C$70 million revolving credit facility
Boralex, Gaz Métro and Valener complete C$725 million non-recourse project financing
Atlantic Power completes C$1.1 billion acquisition of Capital Power Income L.P.