Join The AML Shop’s Matt McGuire (Practice Leader and Co-founder) at the ACFI 24th Annual Fraud conference for a session titled “The Effectiveness of Emergencies Act Measures Involving Financial Services Cessation and Seizure”.

Building on anti-money laundering controls, the government used the Emergencies Act to enable deputized financial services companies to freeze financial access and assets of Covid protesters in Ottawa.   The measures modeled after terrorist financing laws did not involve screening against official lists, but rather a description of a “Designated Person” which necessitated financial services companies to distinguish between illegal and legal protesters, and to rely on press clippings and government agency tip-offs.   This session is a debrief on the practical application of those measures and implications to the future of anti-money laundering controls