Go Public calls out financial institutions in Canada
This media expose by CBC News shows Canada has a serious fraud problem and the victims cited here are just the tip of the iceberg. Most victims are too ashamed and embarrassed to file a claim, so losses are far higher than what is reported through the Canadian Anti-Fraud Centre (CAFC). A good question to […]
Hefty $1.2 billion fine levied against Bank of America
Ongoing coverage will continue to assess and attempt to understand how such a leading and major US bank can be so lax in its failure to do what it is required under federal legislation and regulations. For all the transactions Bank of America did not scrutinize to determine if they may be fraudulent is disturbing. […]
Analyst explains Bank of America enforcement case
This explanation by Mr. Tripathi will bring more understanding to issues banks need to address if we are going to do better at preventing fraud and money laundering. In the case below, Bank of America was fined $1.2 billion for failing to meet its AML obligations satisfactorily. This post is very helpful in providing the […]
Scammers know victim-blaming can be weaponized to suppress retribution
If there is a message to victims of scams, is you have to realize it can happen to anyone depending on the situation you are in, so to live in shame for the rest of your life is unproductive and not helpful to you moving on and possibly getting retribution and recovery of money. You […]