Bank of Nova Scotia was incorporated in the state of Canada on March 30, 1832. The Company is a diversified financial services institution that provides financial products and services to retail, commercial and corporate customers around the world. The Company operates its business in four business lines including Canadian Banking, International Banking, Global Wealth & Insurance and Global Banking & Markets. Canadian Banking provides a suite of financial advice and banking solutions and also provides an alternative self-directed banking solution. It operates in areas including Retail and Small Business Banking, and Commercial Banking. Its Retail and Small Business Banking provides financial advice, solutions and day-to-day banking products, including debit cards, chequing accounts, credit cards, investments, mortgages, loans and related creditor insurance products, to individuals and small businesses. Its Commercial Banking delivers advice and a suite of customized lending, deposit, cash management and trade finance solutions to medium and large businesses. International Banking provides financial products, solutions and advice to retail and commercial customers in select regions outside of Canada. It also includes International Wealth Management and Insurance. It has operations in Latin America, the Caribbean and Central America, and Asia. Global Wealth & Insurance offers wealth management and insurance products and services to retail and institutional clients in Canada and internationally. It provides investment, pensions and insurance advice, solutions, and management services to high net worth, mass affluent, affluent, mass market and institutional clients, as well as advisors. Its Insurance provides solutions in Canada including creditor, life and health, home and auto and travel. Its Transaction Banking offers e business solutions - cash management, payment services, electronic banking, business deposits, and trade services - on basis to banks small business, commercial and corporate customers. It also provides correspondent banking products and services to other financial institutions. Global Banking & Markets provides clients with corporate banking, investment banking and capital markets solutions. Its products and services are offered to corporate, government and institutional clients in Canada and in select international countries. It is a full-service lender and investment dealer in Canada and Mexico, and offers products and services in the United States, Central and South America, and select markets in Europe and Asia. It provides clients with corporate lending, equity and debt underwriting, mergers and acquisitions advisory, as well as fixed income and equity sales, trading and research, prime brokerage, securitization, foreign exchange, energy and rates hedging, and precious and base metals sales, trading and storage. The Bank is subject to regulation by the Canada Deposit Insurance Corporation and the Financial Consumer Agency of Canada, and the activities of the Bank in Canada are subject to various other federal statutory provisions, including the Proceeds of Crime (Money Laundering) and Terrorist Financing Act which applies to all of the Bank's businesses in Canada.