FINTRAC’s financial intelligence was recognized by the Toronto Police Service in relation to Operation Jackal III, an investigation targeting transnational fraud associated with West African crime groups. Suspects were found to have stolen business cheques and other financial documents from Canada Post mailboxes in the Greater Toronto Area and across southern Ontario to commit identity theft and other frauds. As a result of the investigation, police have arrested seven suspects from the Toronto area for receiving and moving illicit funds taken from victims, with losses exceeding $1.3 million. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.FINTRAC’s financial intelligence was recognized by the Toronto Police Service in relation to Operation Jackal III, an investigation targeting transnational fraud associated with West African crime groups. Suspects were found to have stolen business cheques and other financial documents from Canada Post mailboxes in the Greater Toronto Area and across southern Ontario to commit identity theft and other frauds. As a result of the investigation, police have arrested seven suspects from the Toronto area for receiving and moving illicit funds taken from victims, with losses exceeding $1.3 million. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations. Read More