Declaration of Emergency committee  There was no money laundering per se during the emergency measures that I could see, but sir, the reporting would have been reported specifically on money laundering or terrorist financing.

Declaration of Emergency committee  Well, I can't speak to any specifics. I can't really disclose anything in terms of specifics on any activities that may or may not have taken place.

Declaration of Emergency committee  Nothing that was reported to us, no.

Declaration of Emergency committee  Thank you, Mr. Chair. I want to thank the committee for inviting FINTRAC to participate in your review of the declaration of emergency. I would like to begin by explaining briefly the Centre’s role in protecting Canadians and Canada’s economy. FINTRAC’s mandate is to facilitat

Public Safety committee  There have been studies by the Financial Action Task Force, which indicated that in some countries, they have, in fact, used these types of funding mechanisms or platforms in order to either attempt to raise money for terrorist activities or—

Public Safety committee  As far as I'm aware, we haven't seen them. However, they do not report to FINTRAC at this point, so I wouldn't see if that platform was being used. With the touchpoint they have with financial institutions, we do not currently see them being a high risk, but that doesn't mean the

Public Safety committee  I think that is something that the Department of Finance and the Minister of Finance are now looking at bringing in. They certainly were in during the period in which the regulations were enacted. I think it's early days right now to know what in fact they could report with res

Public Safety committee  We already do cryptocurrency. In fact, it is regulated and reported to FINTRAC.

Finance committee  Far be it from me to suggest whom you should invite to your committees. If there are people I know, and they don't want to come, I may make enemies, so.... Certainly, there were a number of agencies involved. For individuals who are constituents, who are Canadian citizens, I thi

Finance committee  Thank you for the question. I don't know the internal processes of financial institutions. That said, usually, when information is provided in this way, it's for a very specific reason. If the information is used for any other purpose, usually that's unacceptable and not somethi

Finance committee  No, absolutely not. We certainly assigned people specifically to this initiative. However, that didn't stop us from carrying out our usual work. We worked overtime, but that's typical in a crisis. This isn't our first crisis and, unfortunately, it won't be our last. We have the n

Finance committee  The seizing of the bank accounts and the invocation of the act are well outside the purview of FINTRAC, so I do not have a comment on that.

Finance committee  Again, Mr. Chair, that is outside of the purview of FINTRAC and the role that we play with regard to money laundering and terrorist financing.

Finance committee  Mr. Chair, I think the member is correct that if we measure success based on the number of successful money-laundering or terrorist-activity financing prosecutions we have in Canada, we may not come out with significantly high numbers. However, if we look at the disruption of cri

Finance committee  I don't believe that money laundering is linked to fiat or anything else, so any virtual money, any crypto money, can be used in money laundering and terrorist financing and there would be no need to change the definition of the type of currency that's being used to launder. As l