Integrated Market Enforcement Team Charges Five Individuals in Transnational Brand Hijacking Scheme

FINTRAC’s financial intelligence was recognized by the RCMP Federal Policing's Integrated Market Enforcement Team in relation to a hijacking scheme that began in December 2021. As a result of the investigation, five individuals have been charged with fraud over $5,000 contrary to section 380(1)(a) of the Criminal Code, theft over $5,000 contrary to section 334(a) of the Criminal Code; possession of Proceeds of Crime over $5,000 contrary to section 355(a) of the Criminal Code; and, laundering Pro