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 consensus: consumer fraud has evolved […]
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) is heading up in this […]
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 victims too embarrassed and humiliated […]
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 Commissioner of Canada’s Financial Consumer […]
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 false pretenses. After the UK […]
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 on how to build emotional […]