Canada Wants “Permanent” Asset Freezing Power

( This week, Prime Minister Justin Trudeau’s government began targeting crowdfunding platforms and cryptocurrency transactions of the truckers Freedom Convoy by using Canada’s “terrorist financing” rules.

During a press conference on Monday, Deputy Prime Minister Chrystia Freeland announced that they were broadening the scope of Canada’s anti-money laundering and terrorist financing rules to cover the crowdfunding platforms and payment service providers being used by the Freedom Convoy.

This action was taken as part of Trudeau invoking Canada’s Emergencies Act allowing the federal government to “override the provinces and authorize special temporary measures to ensure security during national emergencies,” according to Reuters.

“Special temporary measures.”

Note that word: Temporary.

On February 11, crowdfunding site GiveSendGo defied Canada’s attempt to freeze the money the Freedom Convoy raised on its platform after GoFundMe shut down its account.

Under the “temporary measures” of the Emergencies Act, that defiance will not be allowed.

Freeland explained on Monday that the “illegal blockades” highlighted that crowdfunding platforms and “some of the payment service providers they use” weren’t being captured under the “crime and terrorist financing act.”

But she was there to change that. Under the Emergencies Act, those crowdfunding platforms will be required by law to report “more payments than usual” to Canada’s Financial Transactions and Reports Analysis Centre (FINTRAC).

Now crowdfunding platforms like GiveSendGo will have to register with FINTRAC and must report “large and suspicious transactions to FINTRAC,” Freeland explained.

Freeland also threatened to freeze the corporate and personal bank accounts of the people involved in the truckers’ protest.

Then a few days later, Freeland seemed almost giddy when she announced that these regulatory restrictions on crowdfunding sites and payment service providers will remain “permanently in place.”

The truth is, Canadians should’ve known on Monday that Freeland was planning to make this permanent when she pointed out that crowdfunding platforms weren’t included in the “crime and terrorist financing act.”

Freeland sees this as an oversight that needed to be addressed. And now she’s addressed it.