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Canada Dashboard Digest | Agency monitors social media of citizens making large financial transactions Related reading: On the pitfalls of reputation economics

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CBC News reports a government agency examines the social media accounts of Canadian citizens who make large cash transactions, international wire transfers, or even if they hit the jackpot at a casino. The Financial Transactions and Reports Analysis Centre monitors financial transactions for potential money laundering and terrorist financing. FINTRAC states rules coming from those governing the agency allow it to monitor social media posts, but others feel the agency is too invasive. "One of the things about social media right now is it's kind of the Wild West, because the technology has moved a lot faster than regulation and a lot of Canadians may not realize that their social media account is being used and viewed in this way," said New Democratic Party MP Daniel Blaikie. "So, it does make sense to have a look at that and to ask whether or not there ought to be rules around how government uses information that's available on people's social media accounts."
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