Canada

Canadian penny stock trader John Babikian, once dubbed the “Wolf of Montreal,” obtained a new legal identity, secured residency in Latvia, and bought a luxury apartment in Dubai after disappearing from public view following a U.S. securities settlement.

Western governments marked the anniversary of Russia’s full-scale invasion of Ukraine with new measures targeting the Kremlin’s revenue streams and enabling networks, despite stalled efforts by the EU to approve a broad sanctions package.

Canada will launch a new federal financial-crimes agency and change banking laws to clamp down on online fraud and other scams, the country’s Department of Finance announced on Monday.