Dozens of financial accounts have been frozen since the federal government enacted an emergency law, said Public Security Minister Marco Mendicino.
Mendicino has frozen “at least 76” financial accounts in connection with an ongoing protest in Ottawa against federal COVID-19 obligations and restrictions. That’s $ 3.2 million. Virtual press conference February 19th.
On February 14, Prime Minister Justin Trudeau enacted an emergency law to give authorities additional power to confront protesters camp in downtown Ottawa. Several financial measures have also been introduced to reduce funding for the protest, such as allowing banks to freeze the accounts of individuals or businesses involved in the protest.
The federal government has also expanded its money laundering prevention mechanism to require crowdfunding platforms to register with Canada’s Financial Transactions and Reporting Analysis Center (FINTRAC).
“In addition, the FINTRAC pre-registration process is underway and we are working with small and medium-sized banks to implement emergency law orders,” said Mendicino.
He refuses to answer because of “operational sensitivity” when asked what happened to the frozen money by the financial institution, or what happens when the emergency order expires. did.
“The operationalization of measures under the Emergency Act is carried out by the police in collaboration with partners of financial institutions, including banks. Therefore, this is an operational independent method and is operational. It is inappropriate to comment further because of sensitivity, “says Mendicino.
“But it should be emphasized that the numbers provided so far provide a very clear indication of how emergency law is being used to reach the peaceful conclusions of the illegal blockade.”
Previously, federal officials refused to disclose the exact number of affected accounts because police activities were underway and needed to be kept confidential.
On Friday, Deputy Prime Minister Chrystia Freeland and several federal ministers used the law, citing the need to address the economic implications and challenges of Canada’s democracy from protests in the country’s capital. We held a virtual press conference to defend. The blockade of the Canadian-US border crossing in Alberta, Ontario, Manitoba, and BC is currently over.
However, a majority of the prime ministers opposed the decision after the Liberal Party government enacted an emergency law on Monday.
Heavy police remain in downtown Ottawa on Saturday, the day after law enforcement escalated activities to oust protesters from the precincts of the Canadian Parliament.
Police had more than 100 arrests and towed many vehicles as of February 19, according to Mendicino.