Vancouver, BC – The BC Prosecution Service has stayed all quasi-criminal charges against Vancouver resident Yazan Al Homsi, bringing the criminal case to a conclusion without proceeding to trial. The charges, which stemmed from an investigation by the BC Securities Commission’s Criminal Investigations Branch, were stayed on December 12, 2025, following what Crown Counsel described as a reassessment of the evidence.

Al Homsi had faced charges related to an alleged breach of a freeze order and alleged false or misleading statements. In a statement released through his legal counsel at Narwal Litigation LLP, Al Homsi expressed relief at the decision and maintained that he had not engaged in any criminal wrongdoing.

“From the outset, I maintained that I had not engaged in any criminal wrongdoing and that there was an innocent explanation for what occurred,” Al Homsi said in his statement. “I am relieved that, after a further reassessment of the evidence, Crown Counsel has stayed the prosecution.”

The decision to stay charges represents a significant development in the case. A stay of proceedings means the prosecution has decided not to continue with the case, effectively ending the criminal proceedings against Al Homsi. While a stay is technically not the same as an acquittal, it results in the charges being terminated.

Defence Counsel Criticizes Investigation as “Fundamentally Flawed”

Joven Narwal, K.C., lead counsel for Al Homsi at Narwal Litigation LLP, provided context for the Crown’s decision in the statement.

“From the outset, this prosecution was built on tunnel vision and a fundamentally flawed investigative theory, one that attempted to transform an innocent banking error committed by the bank itself into criminal conduct by our client, despite the absence of any evidence capable of supporting that conclusion,” Narwal stated.

According to Narwal, the investigation mischaracterized what was actually a banking error as intentional criminal activity. “When the truth became clear, Crown Counsel acted with integrity and terminated the prosecution,” he added.

The BC Securities Commission confirmed the stay in a brief news release on December 12, noting that the charges had resulted from an investigation by the Commission’s Criminal Investigations Branch. The Commission did not provide additional details about the reasons for the stay beyond confirming that the BC Prosecution Service had made the decision.

Personal Impact Acknowledged

In his statement, Al Homsi acknowledged the significant toll the charges took on his personal and professional life, even though they have now been stayed.

“Although I’m grateful that the charges have now been stayed, this case has had a real impact on me, my family, and my business,” Al Homsi said. “We have lived under the weight of criminal allegations that, in my view, should never have been brought. The stress, reputational damage, and disruption to my work and family life over the past months have been significant.”

Al Homsi expressed gratitude to his legal team for their work in bringing the matter to what he described as a just resolution. “I want to express my sincere gratitude to Joven Narwal, K.C., and his team at Narwal Litigation LLP, for their tireless work, judgment, and dedication in shepherding this matter to a just resolution,” he stated.

He also acknowledged the seriousness of the Crown’s decision-making process in staying the charges, expressing appreciation for the careful review that led to this outcome. “I also acknowledge that the decision to stay charges is a serious one, and I appreciate that Crown Counsel took the time to re-examine the file and reach this conclusion carefully,” he said.

Moving Forward

Looking ahead, Al Homsi indicated his intention to focus on rebuilding and moving forward from the experience. “At this time, I intend to focus on moving forward and rebuilding what was affected. I won’t be writing about this more,” he stated.

The stay of charges brings closure to a case that Al Homsi and his legal team have consistently maintained was based on a misunderstanding of the underlying facts. With the criminal proceedings now concluded, Al Homsi can turn his attention to repairing the reputational and personal impacts he described in his statement.

The BC Prosecution Service has not provided additional public comment on the reasons for staying the charges beyond the official confirmation of the decision.

About This Case: The charges against Yazan Al Homsi were stayed by the BC Prosecution Service on December 12, 2025. The charges had been brought following an investigation by the BC Securities Commission’s Criminal Investigations Branch. According to defence counsel, the investigation was based on what was later determined to be a banking error rather than criminal conduct.

Legal Representation: Yazan Al Homsi was represented by Joven Narwal, K.C., and his team at Narwal Litigation LLP, located at Suite 970 – 777 Hornby Street, Vancouver, BC V6Z 1S4.

For more information, visit the official press release or Yazan Al Homsi’s website.