Are you at risk of
FINANCIAL FRAUD?

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Call To Action

Draft write-up to initiate action in the House of Commons to bring in legislation that will do much more to protect our vulnerable and targeted seniors from being defrauded    A petition to the House of Commons in April 2023 to protect seniors in particular from losing their lifetime savings and

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US officials on TD Bank as ‘easy target’ for money laundering

TORONTO, Oct 10 (Reuters) – TD Bank (TD.TO), opens new tab became the largest bank in U.S. history to plead guilty to Bank Secrecy Act program failures on Thursday, and the first bank in history to plead guilty to conspiracy to commit money laundering. Below are comments from U.S. government officials describing how TD’s

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Are Canadians Well Served by our Leading Financial Institutions?

It is not often you see any federal politician of any party come out and speak so critically about our banking system nor for that matter provincial political leaders since Canada has a two-tiered financial banking system with oversight of most credit unions at the provincial level. While the posting

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Eight ways to steer clear of financial fraud

Mark McGrath  Special to The Globe and Mail  Published September 16, 2024  Historians have documented financial fraud as far back as 300 BC. In a scheme known as “bottomry,” shipowners would borrow money, offering their ship or cargo as collateral. If the ship sank at sea, the borrower didn’t have

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UK Makes its Consumer Duty more Real and Impactful for Consumer

The UK has been a leader among the countries actively participating on the Financial Action Task Force (FATF) based in Paris to tackle global money laundering and fraud. An important national initiative that has been implemented is called the Consumer Duty whose purpose in the simplest terms is to create

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Catch the Fraud Before it is Too Late

An organization Canadian investors should know about and follow is called FAIR Canada. As per the explanation of who they are at faircanada.ca:    FAIR Canada is the only national, non-profit, independent investor advocate in Canada. We are a trusted voice that provides informed, objective comment on significant issues that

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Need to Do More to Prevent Elder Fraud

The Forbes article below on online elder fraud makes it patently clear how pervasive and insidious scams are with fraudsters perpetrating deceitful schemes on vulnerable seniors to remove them of their money. Far from just talking about how devastating it is to the victims and the economy as  a whole

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