Search Results for: Canadian

FATF says FIUs must be a national centre for the receipt and analysis of suspicious transaction reports (STRs) and other information linked to ML, associated predicate offences and terrorist/proliferation financing, and disseminate that analysis. FIUs should be able to obtain additional information from obliged entities, and access relevant financial, administrative and law enforcement data.…

Financial institutions, social media platforms and regulators are meeting to boost data sharing and collaboration to counter the international surge in fraud. Paul Cochrane reports on the Global Anti-Scam Summit (GASS) Americas 2024.

Fraud is on an upward trajectory, with an estimated USD1.03 trillion lost globally to swindles over the past year, according to the 2024 Global State of Scams report by the Global Anti-Scam Alliance and anti-fraud tech company Feedzai (1).…

The international can making and filling industry is assessing the impact of a second Donald Trump presidency in the USA, given he has threatened to impose universal tariffs on all imports.

Trump has floated imposing 10%-20% tariffs on all US imports, including trades with countries having free trade agreements with America.…

The Canadian and Mexican auto sectors are assessing a second Donald Trump presidency in the USA, given his threat to impose universal tariffs on all imports and to review the US-Mexico-Canada Agreement (USMCA).

Trump has floated imposing 10%-20% tariffs on all US imports, including trades with countries having free trade agreements with America.…

While the increasingly complex financial world’s fintech and cryptocurrency networks may boost liquidity and financial efficiency, it also complicates screening transactions for crime links. That includes the growing number of sanctions created by Russia’s ongoing invasion of Ukraine and Iranian support for terror groups.…

While the reluctance of many companies to report fraud to law enforcement is well documented, it would be a useful deterrence if those cases that made it to court generated tough enough penalties to scare some scammers from scamming.

Alas, this is not often or even usually the case.…

Whether the billions of taxpayer dollars pledged for Canada EV supply chain by the Canadian, Ontario and Québec governments were value for money and should be maintained will be a key question in the country’ upcoming election cycle.

The federal Liberal government is teetering, with minority support within the Canadian parliament no longer buttressed by an agreement with the left-wing New Democratic Party (NDP).…

Profiling fraudsters can hone anti-fraud responses, helping investigators short-list likely suspects for detailed evaluation – and with profiling research and experience expanding, the effectiveness of such approaches is sharpening.

Forensic accountant and fraud examiner Dave Oswald, who runs Canadian anti-fraud consultancy Forensic Restitution (1), said: “Fraudster profiling can provide valuable insights into the minds of those who commit these crimes, helping law enforcement agencies and organizations to prevent, detect, and respond to fraudulent activity.”…

The Canadian auto sector has called for improvements in labour relations in the country’s rail sector, after it faced significant major disruption caused by the ongoing work stoppage of 10,000 rail workers on Canada’s two railroad networks. While a Thursday lockout was halted by the Canadian government yesterday through an order requiring binding arbitration on the Teamsters Canada Rail Conference (TCRC) and the Canadian National (CN) and Canadian Pacific Kansas City (CPKC), the Teamsters have challenged the order as regards CPKC, and are, said spokesperson Marc-André Gauthier, now “technically on strike, no trains are running”.…

The Canadian automobile industry has welcomed the planned imposition of Canada’s planned 100% tariffs on Chinese BEV imports, saying it will give the sector breathing space to set up a comprehensive BEV supply chain. This follows the Canadian and Ontario governments sinking Canadian dollars CAD52.5 billion (USD39 billion) into creating a mining-to-assembly BEV industry in Canada.…