FINTRAC’s financial intelligence was recognized by the Durham Regional Police Service Financial Crimes Unit in a complex, long term fraud investigation after an employee defrauded a Durham Region business of more than $3 million. The investigation revealed extensive money laundering activity, including the use of cheque cashing businesses, multiple financial institutions, and the movement of funds across Durham Region, the Greater Toronto Area, and globally. 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 Durham Regional Police Service Financial Crimes Unit in a complex, long term fraud investigation after an employee defrauded a Durham Region business of more than $3 million. The investigation revealed extensive money laundering activity, including the use of cheque cashing businesses, multiple financial institutions, and the movement of funds across Durham Region, the Greater Toronto Area, and globally. 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