June 01, 2023 -

CRA Publications, Publications

Financial Action Task Force Preventing Unintended Regulatory Consequences

CMPAC submitted feedback on the Financial Action Task Force’s (FATF) Recommendation 8 Interpretive note, which gives guidance on balancing terrorism financing risks with affording charities due process and reasonable treatment.  

We support the removal of specific sanctions examples that have been misapplied in the Canadian Anti-Terrorism Financing regime and resulted in over-policing and disproportionate burdensome regulation of Canadian Muslim charities. 

CMPAC provides recommendations on clarifying the appropriate steps to be taken, including on rectifying the treatment of charities unduly caught and whose activities are interrupted through these regulations

Attachments

  • CMPAC-Consultation-on-Strengthening-Canadas-AML-_-CTF-Regime pdf (205kb)