Lawyer Profile
Peter A. Aziz
Toronto, Ontario
Overview
From emerging technologies to anti-money laundering and consumer protection legislation, Peter has a long track record advising clients on all aspects of the regulatory landscape of Canada’s financial services and payments industry.
FRAUD ALERT: Please note that Peter Aziz does not represent victims of crypto-currency scams and does not offer to help scam victims retrieve lost funds. A malicious actor is claiming to impersonate Peter Aziz and Torys LLP. This is a scam and recipients are advised to verify the sender’s identity before responding.
Peter Aziz is Senior Counsel in the Financial Institutions Regulatory Group at Torys’ Toronto office, and is Co-Head of the firm’s Payment and Cards Practice. His practice focuses on regulatory compliance in the financial services and payments industry, including with respect to mobile and other emerging payment technologies. He has extensive experience with credit, debit and prepaid card arrangements, including co-brand, affinity and white label arrangements and has deep knowledge of the operating regulations of all major card network associations. He also has deep insight into Canada’s anti-money laundering, anti-terrorist financing and economic sanctions legislation. Peter regularly advises banks, insurance companies, securities dealers, investment advisers, fintechs and others on their compliance obligations, including in their dealings with FINTRAC. In the area of consumer protection, Peter advises financial institutions on their obligations under federal law, as well as advises financial institutions, other financial service providers, manufacturers and retailers on their obligations under provincial law.
In addition, Peter assists clients with corporate reorganizations and advises private companies, including the holding companies of Thomson and Rogers family members, in all aspects of corporate and commercial law, including shareholder arrangements.
CIBC in its acquisition of the existing Canadian Costco credit card portfolio, as well as the negotiation of a long-term co-branded credit card agreement to become the exclusive issuer of Costco Mastercards in Canada
Scotiabank in its acquisition of a Mastercard and private label credit card portfolio, with approximately C$1.7 billion in receivables, from JPMorgan Chase Bank, N.A.
TD Bank in its C$8.5 billion acquisition of MBNA Canada Bank's credit card business
Peter is a member of the Canadian Tax Foundation and has completed the In-depth Tax Course offered by the Canadian Institute of Chartered Accountants.
Practice Areas
Bar Information
Called to the bar: 1993 (ON)