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Originally Posted by Kimmykim
I don't know exactly how Canada handles it, but if there are US banks involved, I would guess there is some co-operation between the banks and the governments.
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In that case, I would imagine it is under US jurisdiction. Even though the account is up here in Canada, the actual transactions are settled in First National Bank in New York. I'm pretty sure the actual bank transactions occur in is in New York and I just deal with my local bank for convenience. That would probably explain why USD accounts here are not FDIC insured either.
WG