Does this sound familiar?
From the 15 October Globe and Mail.
Louise Arbour is former justice of the Supreme Court of Canada, former international war-crimes prosecutor, former UN human rights commissioner.
“When he retires from his post, the Governor-General of Canada will have his bank accounts subjected to heightened scrutiny. So will his parents, his spouse and his children, for the next 20 years. So, too, will the Chief Justice of Canada, all Supreme Court and appellate court judges, ambassadors, counsellors, deputy ministers, generals, past and present, and all their family members. They should expect calls from their bankers asking questions about the sources of deposits and other transactions. And if one of their children happens to have a joint account with a third party, all that would have to be explained to the bankers who are required by law to exercise such vigilance.
“Why is this happening? Because all of these people have been designated as “politically exposed domestic persons” (PEDP) under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. Why should they be subjected to this intrusive procedure for 20 years after they leave office? No idea. And why should their children also be under this regime for 20 years? Equally puzzling.
“In fact, I can think of an answer. It’s because all this was put in place with no one having any idea it was happening. This is hardly surprising given that it was buried in the massive omnibus budget bill of 2014 known as Bill C-31. Equally troubling, most people wouldn’t care anyway…”