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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
The anatomy of a consumer financial fraud and how to prevent it
CBC Toronto reporter Angelina King does a very good job of presenting the anatomy of a consumer financial fraud with the able assistance and expertise of Toronto financial crime detective David Coffey and scam psychology expert Martina Dove. More efforts like this one from the media will educate more consumers
UK mandatory reimbursement scheme for APP victims working
There were a lot of critics when Which? , a leading consumer organization in the UK, was advocating to bring in a mandatory reimbursement program for UK financial consumers being wiped out by fraudsters using deceptive and manipulative fraud techniques to convince them to send money to mule accounts under
Australia leading the way on tackling financial consumer fraud
On June 16, 2026, the OECD released a report called Protecting Consumers from Financial Scams and Frauds. A number of key officials launched this report by highlighting important initiatives they are working on in their respective countries to detect and prevent consumer fraud. For example, Dr. Manon Bombardier, the Deputy
Telling it like it is, not what you want it to be
Toronto Police Service financial crimes detective David Coffey should be commended for speaking out on this CTV news report which can be misleading in inferring thorough a Statistics Canada report that fraud is down. You need to look behind the numbers and so many frauds are never even reported with
OECD releases new report on Protecting Consumers from Financial Scams andFrauds
Anyone committed to and interested in seeing progress on the global fight to reduce the scourge of fraud and scams which are wreaking havoc on thousands of consumers in G20 countries and beyond should follow and learn more about the research work the Organization for Economic Co-operation and Development (OECD)
Consensus emerging from leading national and international officials on financial fraud
Protecting Consumers from Financial Scams and Frauds Executive Summary The OECD’s June 2026 launch of Protecting Consumers from Financial Scams and Frauds brought together senior financial regulators from Canada, Australia, India, Japan, Italy, Ireland and the United Kingdom. Despite different legal systems and financial markets, the panel reached a remarkable
Just do it!
Here is another LinkedIn message on what AML is all about (i.e., how it functions) and why it is so important to earn the trust of consumers and uphold the integrity of financial institutions and the financial eco-system nationally and globally. Now just do it! Jacky Patnaik Risk Operations Analyst
Fraud prevention must be a core function to stop fraud before it is too late
Beyond financial fraud, prevention of a major incident is always the preferred option and modus operandi instead of a lengthy and burdensome investigation after it happens. Let’s add in all the consequences and time spent afterwards when it may have been avoided in the first place. Good for Sekhar Ghosh,
New consumer banking regulation forthcoming in Canada
In this LinkedIn post by financial regulatory lawyer Ana Badour, she provides a link to a recent article she wrote with colleagues on proposed regulations specific to consumer targeted fraud. For example, the regulations will enable a client of a bank to set a threshold limit on how much money