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15-02-2022, 09:20 AM
Barbara Shecter
Publishing date:Feb 14, 2022 • 2 hours ago
New emergency powers invoked by the federal government on Monday will expand the abilities of Canada’s financial institutions and regulators to track and control funding to protesters interfering with border crossings and restricting movement in Ottawa.
Temporary measures under the Emergencies Act will give Canadian banks the ability to freeze funds suspected of being directed to the protests without a court order and will protect them from legal retribution.
In addition, Deputy Prime Minister Chrystia Freeland said the new powers give institutions the ability to freeze corporate accounts and cancel insurance tied to trucks that are being used in the blockades.
https://financialpost.com/fp-finance/ban...st-funding
Publishing date:Feb 14, 2022 • 2 hours ago
New emergency powers invoked by the federal government on Monday will expand the abilities of Canada’s financial institutions and regulators to track and control funding to protesters interfering with border crossings and restricting movement in Ottawa.
Temporary measures under the Emergencies Act will give Canadian banks the ability to freeze funds suspected of being directed to the protests without a court order and will protect them from legal retribution.
In addition, Deputy Prime Minister Chrystia Freeland said the new powers give institutions the ability to freeze corporate accounts and cancel insurance tied to trucks that are being used in the blockades.
https://financialpost.com/fp-finance/ban...st-funding
