Charges Laid against Ontario Residents for Smuggling Cocaine into Canada
action_requiredCanada·Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)·Wire Summary
FINTRAC’s financial intelligence was recognized by the Alberta Securities Commission following an investigation by the Joint Serious Offences Team. As a result of the investigation, one individual has been convicted of 12 counts of fraud over $5,000 under the Criminal Code. The individual defrauded 11 victims out of a total of $2 million in fees charged allegedly to obtain access to billions of dollars in financing, which never materialized.
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