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