Tag: banks

Canada Freezing Bank Accounts is Child’s Play Compared to the Coming ‘Central Bank Digital Currency’

It is not a conspiracy theory. Earlier this month, Canada’s Prime Minister began freezing the bank accounts of protesters who stood against tyrannical mandates and arresting them. Not only did they go after the protesters, but the government went after the bank accounts of those who provided monetary support in the form of donations as well.

For practicing their free speech, Canadians were persecuted and driven into financial ruin by the government who claims to protect them. This was all carried out with zero due process and without any democratic input at all.

Last week, holding no punches Deputy PM Chrystia Freeland announced that “…all crowdfunding platforms and the payment service providers they use must register with Fintrac, and they must report large and suspicious transactions to Fintrac.” This, she said, is a way to “mitigate the risk” of “illicit funds” and “increase the quality and quantity of intelligence received by Fintrac and make more information available to support investigations by law enforcement.”

When the American political class watched as the Canadian government began financially persecuting individuals for their freedom of speech, it was crickets from the mainstream. This was one of the most tyrannical moves in recent Western history and instead of standing against it, the establishment actually supported it.

In fact, a poll by Trafalger Group for Convention of the States recently found that a super-majority of Democrats, 65%, actually thought Trudeau’s authoritarian move to arrest people and confiscate their life savings — for practicing their freedom of speech — was a good thing.

Just 17% of the establishment left disapproved of it.

Keep reading

Canadian Police Freeze 206 Financial Products, Including Bank and Corporate Accounts, Allegedly Involved in Ottawa Protests

Canadian authorities have frozen the financial assets of individuals and companies that are allegedly involved in the ongoing protests in Ottawa Mike Duheme, Royal Canadian Mounted Police (RCMP) deputy commissioner of federal policing, announced on Feb. 20.

Duheme said at a news conference that the RCMP froze 206 financial products, including bank and corporate accounts, and disclosed the information of 56 entities associated with vehicles, individuals, and companies.

RCMP also shared 253 bitcoin addresses with virtual currency exchangers; and froze a payment processing account valued at $3.8 million, Duheme said.

It is unclear what will happen to the money that has been frozen by financial institutions.

“We continue to work at collecting relevant information on persons, vehicles, and companies and remain in daily communication with the financial institution to assist them,” Duheme said.

Deputy Prime Minister Chrystia Freeland said on Feb. 15 that banks would be able to freeze the personal and corporate accounts of anyone suspected to be linked with the protests, and would not require a court order to do so.

Crowdfunding platforms and the payment services providers they use would now fall under anti-money laundering and terrorist financing laws, with the changes covering all forms of transactions including those in cryptocurrencies, Freeland explained.

“The illegal blockades have highlighted the fact that crowdfunding platforms and some of the payment service providers they use are not fully captured under the Proceeds of Crime and Terrorist Financing Act,” said Freeland.

Her announcement came as Prime Minister Justin Trudeau invoked the Emergencies Act for the first time in Canada’s history to address the impact of the ongoing protests against COVID-19 mandates and restrictions by truckers and their supporters.

Keep reading

Canada wants to make financial aspects of Emergencies Act permanent

Canada’s Deputy Prime Minister Chrystia Freeland wants to make permanent the invasive financial surveillance system introduced as part of the “Emergencies Act” to crush the civil liberties protests.

Freeland had announced the initial powers earlier this week to freeze the bank accounts of those who support the protests.

“As of today, all crowdfunding platforms, and the payment service providers they use, must register with FINTRAC and must report large and suspicious transactions to FINTRAC (Financial Transactions and Reports Analysis Centre of Canada),” Freeland said at the time. “This will help mitigate the risk that these platforms receive illicit funds; increase the quality and quantity of intelligence received by FINTRAC; and make more information available to support investigations by law enforcement into these illegal blockades.

“This is about following the money. This is about stopping the financing of these illegal blockades. We are today serving notice, if your truck is being used in these illegal blockades your corporate accounts will be frozen.”

Under the Emergencies Act, banks are required to freeze accounts without the need for a court order.

Keep reading