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Declaration of Emergency committee  Thank you. Have a good evening.

May 3rd, 2022Committee meeting

Isabelle Jacques

Declaration of Emergency committee  I know that the situation took some people by surprise, because no one knew anything about this order until they were able to read it. That's why we very proactively contacted various financial institutions to answer any questions they had, to ensure that they properly understoo

May 3rd, 2022Committee meeting

Isabelle Jacques

Declaration of Emergency committee  I believe the banks were initially trying to understand the information, which might possibly be shared with the RCMP. I know they held discussions with them, but we were not involved. The banks also wanted reassurance about the fact that there would be no negative repercussions

May 3rd, 2022Committee meeting

Isabelle Jacques

Declaration of Emergency committee  We told them that they would have to carry out and submit their risk assessment, and that we did not expect them to be able to find absolutely everyone identified, and that if they were missing a few people when they did their assessment, there would not be any negative repercuss

May 3rd, 2022Committee meeting

Isabelle Jacques

Declaration of Emergency committee  There were no guidelines, but the bank certainly submitted reports, as I mentioned earlier. Apart from that, I don't think there were any. I could ask my colleague…

May 3rd, 2022Committee meeting

Isabelle Jacques

Declaration of Emergency committee  Yes, I can look into that.

May 3rd, 2022Committee meeting

Isabelle Jacques

Declaration of Emergency committee  Yes, and I'm going to Mr. Brazeau now.

May 3rd, 2022Committee meeting

Isabelle Jacques

Declaration of Emergency committee  I would also add that the event that occurred leads us to wonder how those cryptocurrencies are used to fund illegal activities. That's something that became clear during these events.

May 3rd, 2022Committee meeting

Isabelle Jacques

Declaration of Emergency committee  This is something I would have to give due consideration to. It's not an answer I can provide here during this testimony.

May 3rd, 2022Committee meeting

Isabelle Jacques

Declaration of Emergency committee  It's broader than—

May 3rd, 2022Committee meeting

Isabelle Jacques

Declaration of Emergency committee  They are reported, but there is not necessarily a link between the suspicious transaction that was reported and the freezing of a bank account. So I don't see any link between the two.

May 3rd, 2022Committee meeting

Isabelle Jacques

Declaration of Emergency committee  Of the activities? Not currently, no.

May 3rd, 2022Committee meeting

Isabelle Jacques

Declaration of Emergency committee  No, no, there's been reflection. I mean, as you heard, with respect to adding crowdfunding platforms and payment service providers, that situation has now been implemented permanently, as we announced previously. I mean, we have regulations in place—

May 3rd, 2022Committee meeting

Isabelle Jacques

Declaration of Emergency committee  In all honesty, I will have to get back to you, because I have no knowledge of, at the time, the analysis that was ongoing, if any. I wouldn't be surprised if there was some analysis, but I'm not able to tell you who would have done any of this analysis at that time. Whether it w

May 3rd, 2022Committee meeting

Isabelle Jacques

Declaration of Emergency committee  The Department of Justice provides all the advice and the analysis on whether it's constitutional, the charter impact, or the legality of the legislation being passed.

May 3rd, 2022Committee meeting

Isabelle Jacques