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OTTAWA (LifeSiteNews) — By triggering the Emergencies Act, Prime Minister Justin Trudeau has given Canadian banks the unprecedented power of freezing anyone’s accounts without a court order.  

Chrystia Freeland, Canada’s Minister of Finance and Deputy Prime Minister, announced yesterday that the first-ever invocation of the Emergencies Act by Trudeau includes “broadening the scope of Canada’s anti-money laundering and terrorist financing rules so that they cover crowdfunding platforms and the payment service providers they use… including digital assets such as crypto currencies…” 

Decrying the economic impact the protests have had over the past three weeks, while ignoring the devastation to the economy caused by nearly two years of lockdowns, massive government spending, and dictatorial COVID-19 restrictions imposed by the federal and provincial governments, Freeland explained that the Emergencies Act’s financial crackdown on political dissidents is essential for maintaining Canada’s role as a “reliable trading partner”and protecting the “livelihoods” of citizens.  

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

“Our banks and financial institutions are already obligated to report to the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC),” she added.  

“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.” 

Freeland said that this new measure will be made permanent. 

“Second, the government is issuing an order, with immediate effect, under the Emergencies Act, authorizing Canadian financial institutions to temporarily cease providing financial services where the institution suspect an account is being used to further the illegal blockade and occupation,” she continued, adding that this order also insists that financial institutions audit both personal and corporate accounts and report any accounts linked to the protests to the Royal Canadian Mounted Police (RCMP) and Canadian intelligence agencies.  

“As of today, a bank or other financial service provider will be able to immediately freeze or suspended an account without a court order, in doing so, they will be protected against civil liability for actions taken in good faith,” said the minister. 

Freeland indicated that banks will be working closely with the federal government with the goal of “following the money.” 

Immediately after the dictatorial decree, many took to social media to blast the federal government as tyrannical and announce that Canada is now a “police state.” 

“SHOCKING: Canadian banks are now allowed to suspend any account for any reason if they think the money is furthering the interests of freedom. They can now do whatever they want without a court order,” wrote journalist Keean Bexte.  

“There is not [an] emergency. There is no violence. Most premiers told Trudeau this is ridiculous and unnecessary. Trudeau is using it as a pretext to criminalize conservative crowdfunding,” added Rebel News’ Ezra Levant.  

On Monday, Justin Trudeau became the first prime minister in Canadian history to invoke the Emergencies Act, which is supposed to be used only in matters that threaten the sovereignty of the nation, leading experts to question how he is going to justify taking such drastic action.  

“To invoke a national emergency, the government would need to be saying that these protests threaten the security of Canada, our sovereignty or our territorial integrity,” stated Leah West, an assistant professor of International Studies at Carleton University. 

“I have real concerns about fudging the legal thresholds to invoke the most powerful federal law that we have.” 

Conservative Member of Parliament Pierre Poilievre also thinks Trudeau is overreaching. Poilievre believes that the easiest solution to ending the protests would be by meeting the reasonable demands of the demonstrators and ending all COVID-19 related mandates.  

“Real simple. Listen to the science, do what other provinces and countries are doing, that is, to end the mandates and restrictions so protesters can get back to their lives and their jobs,” he stated. 

“The only emergency is the one that Justin Trudeau has deliberately created to divide the country and gain politically.” 

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