News | May 8, 2026
A recent study by Tatyana Avilova, Economist at Secretariat has been selected by the Editor of JAMA Health Forum as an Editor’s Choice: Clinical Trial of 2025.
On November 23, 2023, Innovation, Science, and Economic Development (ISED) Canada concluded its auction of spectrum licenses in the 3800 MHz band, which is an important band for 5G wireless service. The auction used a clock auction format with intra-round bidding to allocate thousands of spectrum licenses. The design followed a two-stage process in which generic licenses were allocated in the first stage, and then specific frequencies were assigned in a subsequent assignment stage.
The Secretariat team of Allan Ingraham, Shreyas Ravi, and William Schwartz supported the Canadian government as independent verifiers of the 3800 MHz auction. In this role, the Secretariat team independently verified the software that ISED used to conduct the 3800 MHz auction. We then verified the accuracy of the results from the assignment stage of the auction.
The 3800 MHz auction lasted 21 bidding days. It began on October 24, 2023, and it successfully concluded on November 24, 2023. The auction raised $2.158 billion Canadian for the allocation of 4,099 licenses via competitive bidding.
The auction licensing framework and the provisional results are both available on ISED’s website: auction licensing framework, provisional results.
A recent study by Tatyana Avilova, Economist at Secretariat has been selected by the Editor of JAMA Health Forum as an Editor’s Choice: Clinical Trial of 2025.
Secretariat Experts Recognized in Lexology’s 2026 Investigations Report
Ten of Secretariat experts have been recognized in the Lexology Index 2026 Investigations report, produced in partnership with Global Investigations Review. The guide highlights leading investigations lawyers, digital forensic specialists, and forensic accountants who are trusted to support the most demanding matters worldwide.
AI is rapidly reshaping how financial institutions in Latin America approach compliance, shifting from reactive monitoring to proactive financial crime detection. Advanced AI platforms specialized in crime detection enable banks to process vast datasets, identify anomalous behaviors, and map hidden relationships across accounts and jurisdictions. This is particularly relevant in a region characterized by complex cross-border flows, uneven regulatory enforcement, and significant exposure to illicit economies.