Trudeau Government Moves to Make Expanded Surveillance Powers over Financial Transactions ‘Permanent’
NATE HOCHMAN | February 20, 2022 | 6:15 PMAs all eyes were trained on the aggressive police sweep of the Ottawa trucker convoy this week, Canadian prime minister Justin Trudeau’s administration was quietly moving to implement a sweeping expansion of surveillance power at the federal level.
The Trudeau government’s financial war against the truckers has been covered at length. But one underreported aspect of this broader assault on Canadian civil liberties is the effort to bring crowdfunding and payment service providers — two of the most prominent routes for financial transactions on the Internet — under the permanent control of a centralized government authority.
In a February 14 news conference, Canadian finance minister Chrystia Freeland said that the government was using the Emergencies Act to broaden “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.” That broadened power requires all forms of digital transactions, including cryptocurrencies, to be reported to the Financial Transactions and Reports Analysis Center of Canada. (I.e., “Fintrac”). “As of today, all crowdfunding platforms and the payment service providers they use must register with Fintrac, and they must report large and suspicious transactions to Fintrac,” Freeland said. She justified the move as a way to “mitigate the risk” of “illicit funds” and “increase the quality and quantity of intelligence received by Fintrac and make more information available to support investigations by law enforcement.” Trudeau, standing behind Freeland at the press conference, nodded his head in agreement.
Freeland said the trucker convoy, which had assembled to protest coronavirus restrictions, had “highlighted the fact” that digital assets and funding mechanisms “weren’t captured” by the Canadian government’s pre-existing surveillance powers. As a result, she said, “
the government will also bring forward legislation to provide these authorities to FinTrac on a permanent basis.” . . .
https://www.nationalreview.com/corner/trudeau-government-moves-to-make-expanded-surveillance-powers-over-financial-transactions-permanent/
