Marie Boivin out as Ottawa Chamber chair; Accu-Rate halts service

Editor's Note

Update: The U.S. Treasury Department removed Marie Boivin from its list of sanctioned individuals in August 2017. Read the updated story here.

The Ottawa Chamber of Commerce is currently without a chairperson as its former board leader, Marie Boivin, continues to battle sanctions by the U.S. Treasury Department that have forced the temporary closure of her currency exchange business.

Marie Boivin is the president and managing director of Accu-Rate Corp.

A chamber spokesperson told OBJ that “Ms. Boivin is no longer the chair” but declined further comment. The organization’s website no longer lists a chairperson in its board of directors listing.

Meanwhile, Ottawa-based currency exchange service Accu-Rate Corp., where Ms. Boivin serves as director and which was also sanctioned by the Treasury Department, is halting service for an “undetermined period of time.”

In a statement on its website, Accu-Rate says it is in the process of having both the company and Ms. Boivin removed from the Treasury Department's sanctions list and is working to remedy the situation for affected clients.

Last September, the Treasury Department imposed sanctions on twelve individuals and 24 entities as part of a money laundering investigation into allegations of fraud by Vancouver-based PacNet Services Ltd.

Accu-Rate was sanctioned, along with Ms. Boivin and president Paul Davis, after the Treasury Department alleged that it was part of a network of entities that had processed payments in a series of mail fraud schemes.

Last week, a Treasury Department spokesperson declined to comment on the progress of these allegations or any defence by Accu-Rate or Ms. Boivin.

Ms. Boivin declined to comment for this article. In an email to Business in Vancouver in September, she denied any allegations of wrongdoing.