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From https://www.nytimes.com/live/2022/02/15/world/canada-protests-news https://www.nytimes.com/live/2022/02/15/world/canada-protest... > While the government
by jrochkind1 5y ago
From https://www.nytimes.com/live/2022/02/15/world/canada-protests-news https://www.nytimes.com/live/2022/02/15/world/canada-protest...
> While the government has yet to present detailed orders, Chrystia Freeland, the deputy prime minister and finance minister, said on Monday that all online fund-raising services operating in Canada, regardless of where they are based, will have to register with Canada’s financial intelligence agency, which analyzes transactions for signs of money laundering or terrorist related activity.
> Not all of them, however, are likely to comply. After the protesters were cut off by GoFundMe, they moved their appeal to GiveSendGo. When an Ontario judge last week ordered the seizure of several million dollars raised through that platform, the online service defiantly posted on Twitter that “Canada has absolutely ZERO jurisdiction over how we manage our funds.”
> But Vanessa Iafolla, a criminologist and financial crime consultant in Halifax, Nova Scotia, who studies money laundering, said that the government has a way around that. There is a long chain of companies that process the payments for all fund-raising sites. That chain, she said, eventually leads to banks and other financial institutions in Canada that are, since the emergency declaration, now required to cut off any payments to and from crowdfunding sites that choose not to follow the new emergency regulations.