Charges Laid in Investigation into Cyber-Enabled Wage Subsidy Fraud
action_requiredCanada·Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)·Wire Summary
FINTRAC’s financial intelligence was recognized by the Royal Canadian Mounted Police in Ontario following an investigation into a series of cyberattacks targeting the Government of Canada’s Canada Emergency Wage Subsidy program. Fraudulent claims linked to this scheme totalled approximately $5.7 million. Two individuals have been charged with offences under the Criminal Code, including money laundering. With the financial transaction reports received from Canadian businesses across the country,
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