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Finance committee  No, what I mean is the date on which the order took effect was February 15. Financial institutions could not have used information obtained previously to freeze accounts. I will turn to my colleague—

February 22nd, 2022Committee meeting

Isabelle Jacques

Finance committee  I do not know where he donated the money. I don't know which entity he gave the money to. Let's say that it ended up in the financial system and that a bank could freeze the account of the person, if it's a person, or a company that received the funding. Then it would have been f

February 22nd, 2022Committee meeting

Isabelle Jacques

Finance committee  It should be where the person gave it. It shouldn't have been captured.

February 22nd, 2022Committee meeting

Isabelle Jacques

Finance committee  It's where that person gave the money. Whom did they give it to?

February 22nd, 2022Committee meeting

Isabelle Jacques

Finance committee  If that person, for example, gave it to GoFundMe, it went to the GoFundMe fund. As you may know, from the news that I read, they returned the money back to the donors on their own. The actions GoFundMe took were, I believe, their own, as they may not have been comfortable with th

February 22nd, 2022Committee meeting

Isabelle Jacques

Finance committee  Certainly. We worked closely with our colleagues at the Department of Justice. We can permanently fill this void through legislation or regulation. We're working on that right now to make sure that we permanently fill the void with respect to crowdfunding platforms and payment s

February 22nd, 2022Committee meeting

Isabelle Jacques

Finance committee  [Technical difficulty—Editor] I know that you'll be speaking to our FINTRAC colleagues on Thursday, but one of my colleagues here may want to comment. One thing is for sure. We're participating in these meetings and we're always looking for ways to improve the measures in place

February 22nd, 2022Committee meeting

Isabelle Jacques

Finance committee  One shortcoming was that we lacked information. Crowdfunding platforms and payment service providers weren't included, so they didn't need to provide that information. We broadened the requirements. We believe that, as a result, we'll receive more information. That said, we'll c

February 22nd, 2022Committee meeting

Isabelle Jacques

Finance committee  This question could be addressed to FINTRAC, but also to the Department of Industry, the department responsible for looking after this issue. We're working with these people and that will certainly help us.

February 22nd, 2022Committee meeting

Isabelle Jacques

Finance committee  I apologize. It has been done via the order, but we're also looking at taking measures to do it in a permanent fashion.

February 22nd, 2022Committee meeting

Isabelle Jacques

Finance committee  Yes, we can do it via legislation and/or regulation.

February 22nd, 2022Committee meeting

Isabelle Jacques

February 22nd, 2022Committee meeting

Isabelle Jacques

Finance committee  Yes. We have to stop it unless we have other measures in place at that time, yes.

February 22nd, 2022Committee meeting

Isabelle Jacques

Finance committee  My understanding is that the RCMP, which is responsible for providing that information, has shared information with the financial sector, in that they are unfreezing accounts at the moment.

February 22nd, 2022Committee meeting

Isabelle Jacques

Finance committee  That information was shared by the RCMP yesterday, and I guess they will share information on an ongoing basis. I'm not aware of any new information with respected to prohibited activities that may be ongoing.

February 22nd, 2022Committee meeting

Isabelle Jacques