The News (New Glasgow)

Morneau addresses North Korean money-laundering fears

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Sidhu says when the girl turned to confront him, he ran away.

Toronto District School Board spokesman Ryan Bird says staff contacted police and the girl’s parents shortly after she arrived at school. Police say the girl was not physically injured.

Bird said the school board is offering support to the affected student and her family.

“We are shocked to learn of this assault and we will be working closely with police to offer any assistance that we can,” he said.

Ontario Premier Kathleen Wynne called the incident “a cowardly act of hatred.”

“This does not represent who we are,” Wynne wrote in a tweet. “We must stand firm in our support of this young girl who was assaulted simply for wearing a hijab.”

Canadian financial institutio­ns have been ordered to treat what few transactio­ns they conduct with North Korea with even greater diligence as the federal government tries to increase pressure on the nuclear-armed nation.

Finance Minister Bill Morneau quietly issued the directive last month following concerns that the North Korean government was skirting internatio­nal sanctions through money-laundering and other illicit means.

Financial transactio­ns between Canada and North Korea are already extremely limited because of those sanctions, which the federal government imposed in August 2011. But financial institutio­ns will now have to treat even those few that are allowed, which include remittance­s worth less than $1,000 and humanitari­an aid, as potential cases of money-laundering and report them to the government.

The move comes as Canada prepares for a meeting with allies in Vancouver next week, where the main topic will be finding ways to further squeeze the North Korean government and get it to

Ontario Premier Kathleen Wynne

give up its nuclear program.

The discussion­s will put a heavy emphasis on stopping North Korean money-laundering as well as smuggling by sea, which U.S. officials have suggested could involve taking action against North Korean shipping.

 ?? CP PHOTO ?? Minister of Finance Bill Morneau speaks to the media before the Liberal cabinet retreat in London, Ont.
CP PHOTO Minister of Finance Bill Morneau speaks to the media before the Liberal cabinet retreat in London, Ont.

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