Canada Orders Banks To Cut Funding To Quell Protests
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Description
Canada orders banks to help cut funding to protesters against COVID-19 mandates this week. Prime Minister Justin Trudeau invoked the rarely used Emergencies Act, imposing sweeping measures that require banks...
show morePrime Minister Justin Trudeau invoked the rarely used Emergencies Act, imposing sweeping measures that require banks to freeze accounts linked to the protest without court orders, ask insurers to suspend coverage on vehicles used in blockades and bring crowdfunding platforms under terrorism financing oversight.
The Canadian Bankers Association says all financial institutions will need to diligently implement the required measures adding it would not affect the majority of customers.
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Author | Africa Business Radio |
Organization | Africa Business Radio |
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