Thu Feb 17, 2022 – 7:54 pm EST
(LifeSiteNews) — Canada’s banking industry says it will follow the Trudeau government’s new Emergencies Act order and freeze the funds of citizens connected to the Freedom Convoy protests.
The Canadian Bankers Association put out a statement on Wednesday confirming that they will “diligently implement” the “required measures” under Prime Minister Justin Trudeau’s Emergencies Act, which includes freezing any bank accounts they suspect are linked to the anti-COVID mandate demonstrations throughout the country.
In a breakdown of what exactly this looks like, Bloomberg explained:
“The emergency orders require virtually every participant in the Canadian financial system — banks, investment firms, credit unions, loan companies, securities dealers, fundraising platforms and payment and clearing services — to determine whether they possess or control property of a person who’s attending an illegal protest or providing supplies to demonstrators.
“If they find such a person in their customer list, they must freeze their accounts and report it to the RCMP or Canada’s intelligence service, the regulations say. Any suspicious transactions must also be reported to the country’s anti-money-laundering agency, known as FINTRAC.”
Since the announcement of the financial crackdown by Finance Minister Chrystia Freeland
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