Mr. Speaker, under the Criminal Code, financial institutions are not allowed to provide financial services to entities that meet the definition of a terrorist group, and must notify the RCMP and the Canadian Security Intelligence Service, CSIS, of the freeze. The RCMP federal policing national security's role is to conduct a review and determine if any enforcement actions are necessary. This requirement is not just a legal formality but a crucial part of the broader strategy to identify, disrupt and deter the financial streams that could potentially fund terrorist activities here and abroad.
The RCMP plays a central role in the terrorist listings enforcement framework, working in close collaboration with financial institutions to ensure these obligations are met effectively. This partnership is underpinned by a collaborative approach, whereby the RCMP does not merely act as an enforcer but also assists and educates financial entities on best practices for identifying and reporting suspicious activities. This includes offering guidance on compliance with the relevant laws and regulations, such as the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, and its associated regulations, which mandate the reporting of terrorist property.
In accordance with this framework, the RCMP was notified by financial institutions that accounts linked to Samidoun have been frozen, with the frozen assets remaining in the possession of the respective financial institutions. At this time, due to the low amount frozen, the RCMP has not initiated forfeiture proceedings under section 83.14 of the Criminal Code.
To date, no criminal charges have been laid by the RCMP in relation to the activities of Samidoun. The RCMP is not able to confirm or speak to any ongoing investigations against people or organizations with suspected or confirmed ties to Samidoun.