The financial measures imposed through the Emergencies Act to target the participants in the Freedom Convoy left some businesses scrambling to interpret the broad order, the House Finance Committee heard on March 14.
“We have a very highly skilled team of AML [anti-money laundering] professionals and lawyers,” said WealthSimple’s chief legal officer Blair Wiley, yet the team was “calling everyone we knew, peers in the industry, to try to understand how people were applying and interpreting those definitions to be able to be both responsive to government policy and the law, but also not cast too wide of a net.”
