Canada plans to ban crypto ATM machines
Coming right on the heels of a Finance Canada consultation and discussion paper in April seeking what Canadians would like to see in a national anti-fraud strategy to prevent many victims from losing their money to scammers by all sorts of devious means, the federal government announced in the April 28th spring economic update its […]
Transactions need to be monitored for good reason
An essential function of a financial institution is to protect the integrity of the banking system and engender trust in it by all who use it. Transaction monitoring is one of the fundamental cornerstones of banking and must be adhered to if financial institutions are serious about earning the loyalty and trust of their clients/members. […]
Another senior victim speaks out about a romance scam in Nova Scotia
While public awareness of scams to bring attention to ones such as grandparent, romance and investment frauds tend to be centered around March since it is Fraud Awareness Month, a senior in Nova Scotia just revealed the following month that she has been taken in on a romance scam for $139,999. It is devastating and […]