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

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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/

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