Seniors Victims of Money Laundering in the US
In a recent article in Fortune magazine, the more appopriate revision of this magazine’s title has to be ‘misfortune’ as baby boomers are finding themselves in a financial situation they never contemplated at this stage of life. Money laundering which feeds proceeds of crime and terrorism is a scourge globally. More consumer awareness of its […]
FINTRAC Levies Another Major Bank Non-Compliance Fine
FINTRAC is continuing its efforts to get tougher on Canadian banks who are failing to comply with its money laundering regulations in terms of effectively dealing with detecting and reporting suspicious money laundering activities within their operations. For TD Bank, they are also facing a much larger financial hit in the US with respect to […]
OBSI to be Single Complaint Body in 2024
There are some interesting and insightful comments here made by OBSI’s Chair Maureen Jensen in her interview with Financial Post’s Larysa Harapyn. Will it deliver better outcomes for complainants who feel financial institutions are not serving them well in Canada? What about members of credit unions across the country who do not fall under the […]