Banks have started to freeze accounts linked to the protests, Freeland says_freckle removal work

Banks have started to freeze accounts linked to the protests, Freeland saysDeputy Prime Minister Chrystia Freeland said Thursday financial institutions have moved quickly to freeze the accounts of people linked to the demonstrations in Ottawa, leaving an unknown number of protesters in financial limbo.

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In a final warning, finance minister says truckers at the protest will be stripped of their insurance

John Paul Tasker · CBC News(Adrian Wyld/Canadian Press)

Deputy Prime Minister Chrystia Freeland said Thursday financial institutions have moved quickly to freeze the accounts of people linked to the demonstrations in Ottawa, leaving an unknown number of protesters in financial limbo.

Freeland vowed to take more accounts offline in the coming days in an attempt to starve the organizers of the funds they need to continue their occupation of the nation's capital.

Freeland, who is also the finance minister, said the RCMP and other law enforcement agencies have been gathering intelligence on convoy protesters and their supporters and sharing that information with financial institutions to restrict access to cash and cryptocurrency.

The law also allows banks to target for account closure donors to the GoFundMe and the GiveSendGo fundraising campaigns that fuelled this protest. Freeland said she wouldn't get into the "specifics of whose accounts are being frozen."

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Citing terrorist financing laws, the government has forced crowdfunding websites and payment providers to register with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), the government's financial intelligence unit.

In a final warning to the assembled protesters, Freeland said those who have their big rigs on Ottawa's streets will see their insurance cancelled and their corporate accounts suspended — a move that could make it difficult for these drivers to ever work again.

"The consequences are real and they will bite," she said.

WATCH: Freeland explains the financial repercussions of participating in blockades

Deputy prime minister explains the financial repercussions of participating in blockades

20 hours agoDuration 2:17Deputy Prime Minister Chrystia Freeland says the government has taken steps toward gathering information on how the convoy is being financed and those participating will suffer financial repercussions.Banks are moving to freeze accounts linked to convoy protests. Here's what you need to know

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