Seizure of bank accounts

[ferniesnow]

With regards to the seizure of bank accounts, I am at a total loss. I understand the wording of the Emergency Measures act and somewhat the wording of FINTRAK (or however one spells it). What is totally unbeiveable is the apparent bowing down of the banking establishments. We read and have heard about various people having their accounts "frozen" for various reasons, all of which somehow revolve around the Freedom Convoy.

The question(s) I ask myself and fellow S&M members is how/why do the banks do this? How does this process legally work? Does the government have to provide a bank official with evidence or does it go on just a phone call? How far up the chain of command at the bank does the action of the government have to go? Does it go to the person who answers the phone, an assistant manager, or the manager? Regional people at the bank make the decision? Is the president of the bank ball-less for not asking for substaniated evidence?

Do people have a chance to defend themselves with the bank and/or the government and how does that process actually work? We all know how it would go talking to someone in Trudope's cabinet because they would just deflect, delay, and deny any wrong doing.

 

[Mike270412]

The same people that own the government, own the banks. We are so plucked.

 

[drew562]

I was at the border and had my license plate and serial number to my truck wrote down by Rcmp. I was in a truck registered under my business. For now My credit card still working. But if they can seize my account for me simply going to see what is going on we are in big trouble.

 

[Stg2Suby]

Maybe below will help understand the process. I'd love to hear from a bank manager on how they are dealing with this, I doubt they're too pleased about it and their lawyers are probably busy.

Remarks by the Deputy Prime Minister and Minister of Finance regarding the Emergencies Act - Canada.ca

Around the world, liberal democracies have been facing serious and sustained threats. We may have thought – we may have hoped – that Canada would be spared. Over the past two and a half weeks, we have learned that it is not.

www.canada.ca

First: we are 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. These changes cover all forms of transactions, including digital assets such as cryptocurrencies.

The illegal blockades have highlighted the fact that crowdfunding platforms, and some of the payment service providers they use, are not fully captured under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.

Our banks and financial institutions are already obligated to report to the Financial Transactions and Reports Analysis Centre of Canada, or FINTRAC. 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.

This will help mitigate the risk that these platforms receive illicit funds; increase the quality and quantity of intelligence received by FINTRAC; and make more information available to support investigations by law enforcement into these illegal blockades.

We are making these changes because we know that these platforms are being used to support illegal blockades and illegal activity, which is damaging the Canadian economy.

The government will also bring forward legislation to provide these authorities to FINTRAC on a permanent basis.

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 suspects that an account is being used to further the illegal blockades and occupations. This order covers both personal and corporate accounts.

Third: we are directing Canadian financial institutions to review their relationships with anyone involved in the illegal blockades and report to the RCMP or CSIS.

As of today, a bank or other financial service provider will be able to immediately freeze or suspend an account of an individual or business affiliated with these illegal blockades without a court order. In doing so, they will be protected against civil liability.

Federal government institutions will have a new broad authority to share relevant information with banks and other financial service providers to ensure that we can all work together to put a stop to the funding of these illegal blockades.

This is about following the money. This is about stopping the financing of these illegal blockades. We are today serving notice: if your truck is being used in these protests, your corporate accounts will be frozen. The insurance on your vehicle will be suspended. Send your semi-trailers home. The Canadian economy needs them to be doing legitimate work, not to be illegally making us all poorer.

 

[Flapjack]

Just wait until they crack down on fake news...can you say censorship. That won't happen but we could use an education system to prevent the uptake of misleading media. (sharing of garbage information) should also be discouraged not (liked)

 

[The big greasy]

Just wait until they crack down on fake news...can you say censorship. That won't happen but we could use an education system to prevent the uptake of misleading media. (sharing of garbage information) should also be discouraged not (liked)

If they did that msm would be gone lol.

 

[tejay]

You will listen and watch CBC , and CBC ONLY

 

[ferniesnow]

Further to my original post, hypothetically, if your bank account is frozen, will the bank still take out your automatic mortgage payment, still allow a utility company to take out the monthly payment, and all the other institutions that have a monthly take on your money?

 

[jhurkot]

Further to my original post, hypothetically, if your bank account is frozen, will the bank still take out your automatic mortgage payment, still allow a utility company to take out the monthly payment, and all the other institutions that have a monthly take on your money?

No.

 

[Outdoors]

Anyone know why it’s ILLEGAL to pay your taxes in cash?

 

[puddle]

Further to my original post, hypothetically, if your bank account is frozen, will the bank still take out your automatic mortgage payment, still allow a utility company to take out the monthly payment, and all the other institutions that have a monthly take on your money?

No different that when CRA freezes your account. Nothing goes in and nothing comes out. You’re phucked

 

[Outdoors]

Technology is our demise.

 

[BILTIT]

Technology is our demise.

The controllers of the technology is our demise.

It all depends who controls it and for what agenda.

 

[Flapjack]

Anyone know why it’s ILLEGAL to pay your taxes in cash?

Probably because somebody paid in pennies.... debit is cash like

 

[Flapjack]

The controllers of the technology is our demise.

It all depends who controls it and for what agenda.

We thought people would use facebook for good....coulda shoulda fuckin zuckerburg

 

[j335]

Does anyone know the banks/insurance companies that froze accounts? Looking for actual businesses, will ensure I do business with non of them.

 

[Outdoors]

Probably because somebody paid in pennies.... debit is cash like

Phuck off flappy

 

[lilduke]

Has anyone here had their bank account frozen because of this yet?

 

[Outdoors]

Not yet,probably too late for a bank run too.

 

[drew562]

If they did that msm would be gone lol.

Yep. Global this am said rcmp haven’t done any bank freezings. Bu

Has anyone here had their bank account frozen because of this yet?

Just transferred money online to see if I could. All good so far. I have a buddy who’s Rcmp. I’m gonna message him on Signal app and see if there’s a way he can tell if I’ve been looked up or watched