Ottawa wants to close loopholes that let terrorists, criminals use Bitcoin to commit fraud

Ottawa wants to close loopholes that let terrorists, criminals use Bitcoin to commit fraud

June 21,2018 (Courtesy of the Canadian Press) – The federal government is proposing measures that take aim at shadowy payments made by terrorists and money launderers using virtual currencies and prepaid credit cards. The planned regulations would help close loopholes in Canada’s anti-money laundering regime and address shortcomings pointed out by an international watchdog. Virtual currencies, such as Bitcoin, are increasingly being used to commit fraud and cybercrime and to buy illicit goods and services in the…

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AHS warning of text scam involving the organization

AHS warning of text scam involving the organization

June 15, 2018 ( Courtesy of Globalnews.ca)  – Alberta Health Services (AHS) is warning Albertans of a phishing scam where a text message seemingly from the organization includes a link to what looks like an e-transfer site. In a news release on Wednesday, AHS said the organization never sends text messages to patients and never sends funds via e-transfer “under any circumstances.” The phony site asks Albertans to put in their personal and banking information to receive the funds….

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Red Deer woman charged with stealing $1M from ATB Financial in Sylvan Lake

Red Deer woman charged with stealing $1M from ATB Financial in Sylvan Lake

June 13, 2018 ( Courtesy of globalnews.ca ) –  Mounties in central Alberta have arrested a former ATB Financial bank worker for allegedly stealing $1.1 million from her employer. RCMP said the woman was working at the ATB Financial branch in Sylvan Lake when she forged a customer’s signature and obtained a loan in the customer’s name. Sylvan Lake RCMP began their investigation in August of 2017. Due to the complexity of the investigation, the Red Deer RCMP…

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Canada Declares War on Cryptocurrency Fraud with Mandatory KYC/AML Regulations

Canada Declares War on Cryptocurrency Fraud with Mandatory KYC/AML Regulations

Canada’s Fraud Crackdown June 13, 2018 (Courtesy of btcmanager.com ) – As stated in the draft published by Canada Gazette, the Financial Action Task Force (FATF) pointed out some inadequacies in the Anti-Money Laundering and Anti-Terrorist Financing Regime (AML/ATF). Similar to regulations in other countries where digital assets are partly tolerated, all cryptocurrency-related businesses, exchanges, and Fintech companies in Canada are now categorized under money service businesses (MSB). As per the new regulation, MSBs are required to…

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PRESS RELEASE – Sandeep Mehta linked to Benedetto “Benny” Manasseri’s Pro-Fit Financing Fraud Scheme

PRESS RELEASE – Sandeep Mehta linked to Benedetto “Benny” Manasseri’s   Pro-Fit Financing Fraud Scheme

June 13, 2018 – At Canadian Fraud News, we report on decisions issued by Canadian Courts related to fraud, that are not reported in the main stream media, and that contain legal issues the Canadian public and fraud recovery experts should be aware of. The following is one such story. On June 11, 2018, the Ontario Superior Court of Justice in Ottawa released its decision in civil fraud recovery action of Pradeep Merchant (“Merchant”) and Shiv…

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3 Canadians Arrested as the FBI busts an international email fraud ring that stole millions

3 Canadians Arrested as the FBI busts an international email fraud ring that stole millions

June 13, 2108 (Courtesy of Cnet.com) –  The FBI announced 74 arrests across seven countries in a major email fraud bust on Monday. The alleged email scammers, spread across seven countries, would target midsize businesses, looking to trick employees who had access to company finances. This “cyber-enabled financial fraud” — which originated in Nigeria, the same source of the notorious Nigerian prince email scams — fools victims into believing they’re sending money to business partners, while they’re…

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Canadian Armed Forces’ Chief Military Judge faces new fraud charges

Canadian Armed Forces’ Chief Military Judge faces new fraud charges

June 13, 2018 (courtesy of CTVnews.ca ) –  A special prosecutor has decided to proceed with previously announced charges against Canadian Armed Forces’ Chief Military Judge Col. Mario Dutil and has added new charges to the list for court martial. Independent Special Prosecutor Lt.-Col. Mark Poland said Monday that he had completed a review of charges laid earlier this year and determined that additional charges were warranted. Poland said the charges now include: One count…

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PRESS RELEASE – April Vuong and Hao Quach, of Systematech Solutions Inc, Ordered to Stand Trial on Criminal Fraud Charges

PRESS RELEASE – April Vuong and Hao Quach, of Systematech Solutions Inc, Ordered to Stand Trial on Criminal Fraud Charges

June 11,2018 –  At Canadian Fraud News, we report on decisions issued by Canadian Courts related to fraud, that are not reported in the main stream media, and that contain legal issues the Canadian public and fraud recovery experts should be aware of. The following is one such story. On May 29, 2018, the Ontario Superior Court of Justice in Toronto released its decision in response to an abuse of process application brought by April…

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$400K vanishes from public service union’s coffers

$400K vanishes from public service union’s coffers

June 6,  2018 (Courtesy of CBC.ca) – A union representing public service professionals across Canada, including economists, statisticians and civilian employees of the RCMP, is trying to figure out how $400,000 was apparently siphoned from its bank accounts over the course of nearly a decade without anyone’s knowledge. Sources tell CBC News one employee has been fired from the Canadian Association of Professional Employees (CAPE) in relation to an internal investigation, though the union said several employees were investigated. I’m…

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Former Superior North Catholic School Board director of education charged with fraud

Former Superior North Catholic School Board director of education charged with fraud

May 31, 2018 (Courtesy Of CBC.ca) –  The former Director of Education at the Superior North Catholic District School Board, along with her husband, who was a senior manager, face fraud and breach of trust charges. OPP said 57-year-old Mary Alexa McKinnon and 55-year-old Rodney McKinnon were both charged, after a complaint was launched in February 2018 by representatives of the board. Mary Alexa McKinnon was the board’s Director of Education, while Rodney McKinnon was the board’s Supervisor of…

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