The tangle of lists that Canadian banks and other financial institutions rely on to sanction terrorists, tyrants and other troublemakers are confusing and often out of date, industry players are telling the federal government.
That report comes from Jim Bronskill of the Canadian Press. More from his article:
The complaints have prompted a federal plan to create a single, comprehensive roster of targeted people and organizations, records released under the Access to Information Act show.
Businesses currently use 19 different lists from five domestic and international websites to ensure the freezing or seizure of assets linked to certain individuals and entities in countries …read more
Source: Ottawa Citizen
