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Call To Action
Draft write-up to initiate action in the House of Commons to bring in legislation that will do much more to protect our vulnerable and targeted seniors from being defrauded A petition to the House of Commons in April 2023 to protect seniors in particular from losing their lifetime savings and
Financial Institutions Need To Know Their Seniors
The Globe and Mail article below points to the need for all financial institutions with a frontline role on managing and protecting client/member’s wealth to get to know them , espcially seniors, who may be experiencing cognitive deficits as they age. Seniors are also the subject of many targeted attacks
California Senator Bill Dodd Behind Bill SB 278
Senator Dodd is leading the way in California with SB 278. As stated in the description under his legislative schedule for 2023-24, “ SB 278 Elder Financial Abuse: Holds institutions accountable for fraud against seniors”, Senator Bill Dodd captures the essence of what he intends to do with this
March Fraud Webinar Resonates 24-7-365
While March is fraud prevention month everyone knows scams perpetrated on innocent victims can happen anytime of the year, with fraudsters targeting vulnerable seniors, who have money saved for retirement which they need to protect in every way possible. The Canadian Assocation of Retired Persons (CARP) put on a fraud
CARP Advocates for Retired Persons and Seniors
The Canadian Association of Retired Persons (CARP) is Canada’s largest advocacy association for older Canadians promoting equitable access to health care, financial security, and freedom from ageism. There are many local chapters established throughout the country working on issues directly impacting their members. A good example is in Winnipeg where
Complacency is not an Option for Canada and its Financial Institutions
‘Major money laundering country:’ Why a hearing into Canada’s ‘snow-washing’ problems must look beyond TD FinTRAC’s discovery of money laundering at banks, real estate firms, securities dealers, casinos, and other financial enterprises, writes David Olive, confirms the AML laxity that Canada’s international critics have complained of for years. Updated May 23,
Desjardins has its own Chief Anti-Money Laundering Officer
In light of the recent news of TD Bank, one of Canada’s largest financial institutions, coming under intense scrutiny and oversight by regulators and the U.S. Department of Justice for its failure to prevent and detect a major money laundering illicit drug scheme through its U.S. branch operation, it is
OSFI Takes Action on its New Anti-Money Laundering Responsibility
Soon after Canada’s Office of the Superintendent of Financial Institutions (OSFI) was given new powers by the federal government to help our anti-money laundering agency do more to prevent and detect money laundering in this country and work closely with other countries to counter international crime facilitated through our banks,
OSFI Joins in on Canada’s Anti-Money Laundering Efforts
Banks ‘have to get better’ at solving money laundering, says OSFI head STEFANIE MAROTTA BANKING REPORTER THE GLOBE AND MAIL Published May 8, 2024 OSFI superintendent Peter Routledge, pictured in Ottawa on Jan. 11, 2023, told a roundtable after an event hosted by the C.D. Howe Institute on May 8
Major Canadian Bank Admits They Must Do Better
In light of TD Bank facing significant penalties due to U.S. officials uncovering a major money laundering and drug trafficking operation in a number of U.S. states, you are now seeing a CEO of a major leading financial institution in Canada acknowledge that his bank has to do better. They