Financial institutions have started freezing protesters' bank accounts based on RCMP information,

[BlueWavePsych]

Chrystia Freeland says

Deputy Prime Minister Chrystia Freeland said financial institutions have started freezing bank accounts belonging to protesters involved in blockades based on information from the RCMP, and predicted the number of accounts being targeted will rise in the coming days.

The minister, who is also Minister of Finance, said she has specific statistics about how many accounts have been frozen so far and intends to make them public “in due course, and soon.” But she withheld those details on Thursday after discussions with law enforcement, in an effort to avoid jeopardizing what she called “operational actions.”

Financial institutions took the first steps to freeze customers’ accounts after the RCMP sent letters to them and to cryptocurrency exchanges on Wednesday, sharing lists that named protest organizers, and identified digital wallet addresses linked to demonstrators. The letters encouraged the financial institutions to cease transacting with those individuals and digital accounts, and Ms. Freeland said on Thursday that banks and other financial institutions are “collaborating properly and effectively.”

The RCMP’s letter to financial institutions had an initial list of fewer than 20 names tied to the anti-government demonstrations, some of whom were identified as main organizers, according to a source who has reviewed the document. A separate letter to several cryptocurrency exchanges flagged more than 30 digital wallet addresses.

https://www.theglobeandmail.com/business/article-financial-institutions-have-started-freezing-protesters-bank-accounts/

Get 'em

[Bernardo de La Paz]

1. Tamara Lich stated her bank account was frozen. . . . nt

[SheltieLover]

2. Now get the water cannons out!

[Spazito]

4. Their accounts are frozen not confiscated...

they will definitely feel the affects of their actions financially but nothing indicates that what is in their accounts is being confiscated.

Your post makes it sound like they are going to be permanently thrown out into the streets, all their assets confiscated and that hyperbolic in the extreme, imo.

[MichMan]

5. I currently have $27 cash on me

If I tried to buy food, make my house payment, or pay my electric bill, how could I, if I had no access to any of my household banking accounts?

Can't use a debit card or write a check as there are no funds available. Eventually I will run out of food, my house will be foreclosed, and the utilities will be shut off.

[Spazito]

6. It is temporary for most of those who have had their accounts frozen...

the reason for doing so is to stop them from being able to continue to fund their illegal occupation. They will probably have to go to court to get them unfrozen but, when you deliberately go out to break the law and continue to illegally occupy spaces after they have been told to leave, there are consequences to be had.

[MichMan]

7. Kind of depends on how slowly the courts move

Weeks, months , years? Has Canada released that information?

[Spazito]

8. Well, that is up to those who broke the law to find out...

I have little sympathy for those who have given little thought to those whose lives they have completely disrupted, whose livelihoods they threatened while they continued to break the law.