The new expanded powers banks have under the Emergencies Act
A big part of the federal government’s plan to end the convoy protests and blockades includes targeting the flow of money to them. Banks were granted expanded powers and liability protection as part of the Emergencies Act announcement on February 14. But how comfortable are Canadian financial institutions with policing their own customers and freely sharing information with law enforcement? Banking reporter James Bradshaw has been speaking with officials at the big banks and explains exactly how they think they’ll be proceeding under these new powers.
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Show Notes
A big part of the federal government’s plan to end the convoy protests and blockades includes targeting the flow of money to them. Banks were granted expanded powers and liability protection as part of the Emergencies Act announcement on February 14.
But how comfortable are Canadian financial institutions with policing their own customers and freely sharing information with law enforcement? Banking reporter James Bradshaw has been speaking with officials at the big banks and explains exactly how they think they’ll be proceeding under these new powers.
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