Press Release Department: 298

The Canadian Anti-Fraud Centre (CAFC) and the Hong Kong Police Force’s Anti-Deception Coordination Centre (ADCC) helped recover CAD $2.3 million following a cross-border business email compromise (BEC) fraud targeting a Canadian law firm in the Vancouver, B.C. area. The full release is available online. Contact media@antifraudcentre.ca.

The RCMP Federal Policing Criminal Operations – Virtual Assets team at National Headquarters have recovered approximately 460,000 USD Tether (USDT) in cryptocurrency after an Ontario resident was targeted by a sophisticated investment fraud. RCMP Federal Policing Criminal Operations Sergeant Ryan Berry remarked that prompt reporting by the victim helped officers recover the funds. “In cases of stolen cryptocurrency, timing is everything,” Berry said. “Given the speed at … Read more