JSOT Criminally Charges Individual with Fraud and Money Laundering
action_requiredCanada·Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)·Wire Summary
FINTRAC’s financial intelligence was recognized by the Alberta Securities Commission in an investigation where one individual has been charged with fraud and money laundering. It is alleged that the individual raised over $2.4 million from investors to invest on their behalf—primarily in the stock market—but in fact did not invest those funds. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement a
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