Finance News
By Dan Saada
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Canadian authorities killed over 7,500 bogus investment and crypto websites between June and now.
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The Canadian Securities Administrators coordinated the whole operation across multiple provinces.
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Europol tipped off Canadian investigators back in June 2024 about the platform's sketchy operations.
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The CSA ramped up cooperation with law enforcement and industry partners to catch scams faster.
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Starting in 2026, the CSA plans to include statistics about deactivated websites in their yearly review reports.
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Cyber-enabled fraud keeps growing worldwide and Singapore saw scam cases jump 61% over two years.
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The FATF found that 156 countries now consider fraud a major money laundering threat. In the UK, fraud accounts for more than 40% of all recorded crime, which shows how fast…
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On February 12, 2026, the CSA said multiple regulatory bodies across Canada worked together on the coordinated effort.
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The Canadian Anti-Fraud Centre released a report on March 1, 2026, highlighting common scams hitting Canadians.
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International regulators took notice of Canada's initiative and want to copy similar measures.
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The CSA detailed plans for a new task force on February 29, 2026, focused on enhancing digital surveillance capabilities.
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Canada's Anti-Fraud Centre is working with international partners to build a shared database of known fraudulent websites.
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Ontario's Securities Commission announced on March 3, 2026, that it would review its current regulatory framework.
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The Investment Industry Regulatory Organization of Canada launched a national awareness campaign on March 4, 2026.
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British Columbia's Securities Commission released data on March 2, 2026, showing a 30% increase in cryptocurrency fraud complaints over the past year.
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