FINTRAC’s financial intelligence was recognized by the Royal Canadian Mounted Police in Ontario following an investigation where eight individuals have been charged in connection with a cyber enabled fraud targeting the Canada Emergency Response Benefit (CERB) program. The investigation revealed a sophisticated fraud scheme involving networks of individuals who worked together to steal personal identities, unlawfully access CRA accounts, and fraudulently claim CERB benefits. Fraudulent claims linked to these accused totalled approximately $364,000 defrauded from the Government of Canada. 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 Royal Canadian Mounted Police in Ontario following an investigation where eight individuals have been charged in connection with a cyber enabled fraud targeting the Canada Emergency Response Benefit (CERB) program. The investigation revealed a sophisticated fraud scheme involving networks of individuals who worked together to steal personal identities, unlawfully access CRA accounts, and fraudulently claim CERB benefits. Fraudulent claims linked to these accused totalled approximately $364,000 defrauded from the Government of Canada. 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