The federal government would like to make non-profit groups disclose suspicious cash transactions, according to documents.
The proposal is in a federal report by the Department of Finance, which says non-profits are “at risk of terrorist financing abuse,” according to Blacklock’s Reporter.
“These organizations were identified as being at risk of terrorist financing abuse as they are not monitored for terrorist financing activities or educated about their terrorist financing risks in the same way registered charities are by the Canada Revenue Agency,” said the report.
The report titled, “Canada’s Anti-Money Laundering And Anti-Terrorist Financing Regime Strategy,” did not identify any allegations of wrongdoing but said there is a “possible coverage gap with respect to non-profit organizations.”…