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Declaration of Emergency committee  Have a good evening.

May 3rd, 2022Committee meeting

Barry MacKillop

Declaration of Emergency committee  The review is simply, for us, how agile we can be, how we can move quickly and reallocate resources quickly, how we can adapt our technology to search for particular keywords, for example, in suspicious transactions and those kinds of things. Yes, it was almost like a unicorn eve

May 3rd, 2022Committee meeting

Barry MacKillop

Declaration of Emergency committee  Absolutely. Would you like that tabled with the committee, or would you like me to explain that right now?

May 3rd, 2022Committee meeting

Barry MacKillop

Declaration of Emergency committee  Madam Chair, we would not have had any tools to stop the funding of anything. We cannot freeze accounts, stop funding or direct financial institutions or crowdfunding platforms.

May 3rd, 2022Committee meeting

Barry MacKillop

Declaration of Emergency committee  Thank you for your question. Yes, that's right. It was happening regularly, and we received around 9,000 during the week of the order.

May 3rd, 2022Committee meeting

Barry MacKillop

Declaration of Emergency committee  Partly, yes. Several sectors report to us.

May 3rd, 2022Committee meeting

Barry MacKillop

Declaration of Emergency committee  They are all suspicious transaction reports that entities believe might be related to money laundering or financing terrorism. But before disclosing the information to the police, the reports need to meet the reasonable doubt criteria that we apply before concluding that it real

May 3rd, 2022Committee meeting

Barry MacKillop

Declaration of Emergency committee  Yes. Staff members check the reports, but we also use technology. It's difficult to verify everything physically, so we use technology for assistance. We begin by searching on keywords. Before disclosing information based on a suspicious activity report, we also check our databa

May 3rd, 2022Committee meeting

Barry MacKillop

Declaration of Emergency committee  That's very hard to say, but this year, there were over 2,000 disclosures to the police.

May 3rd, 2022Committee meeting

Barry MacKillop

Declaration of Emergency committee  That number is for the disclosures. But each disclosure might consist of anything from a single suspicious activity report to an amalgam of 1,000 or 2,000 reports that we have put together.

May 3rd, 2022Committee meeting

Barry MacKillop

Declaration of Emergency committee  No. No, that's not it at all. These are 2,000 disclosures to our police forces, like the RCMP. Not just the RCMP of course, but all the police forces in Canada. But each disclosure may contain thousands of reports.

May 3rd, 2022Committee meeting

Barry MacKillop

Declaration of Emergency committee  About the same as usual.

May 3rd, 2022Committee meeting

Barry MacKillop

Declaration of Emergency committee  That is correct, Mr. Chair.

May 3rd, 2022Committee meeting

Barry MacKillop

Declaration of Emergency committee  That is also accurate.

May 3rd, 2022Committee meeting

Barry MacKillop

Declaration of Emergency committee  That is also correct.

May 3rd, 2022Committee meeting

Barry MacKillop