CANADA: EMERGENCIES ACT INVOKED TO EXPAND AML RULES TO COUNTER PROTESTS

On 18 February, an article from Davies Ward Phillips & Vineberg LLP said that the Canadian federal government has announced that it was invoking the never-before-used Emergencies Act in response to ongoing blockades and occupations arising out of the self-titled “Freedom Convoy” protests. As part of the emergency declaration, the government announced additional measures to help mitigate the risk of crowdfunding platforms being used to support illegal activity and broaden the scope of Canada’s AML rules to cover crowdfunding platforms and the payment service providers (PSP) they use.

https://www.jdsupra.com/legalnews/following-the-money-emergencies-act-8856460/

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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