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FINTRAC
FINTRAC has had the legislative authority to issue administrative monetary penalties to reporting entities that are in non-compliance with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated Regulations since December 30, 2008. The Strengthening Canada’s Immigration System and Borders Act (Bill C-12), which received Royal Assent on March 26, 2026, introduces a new administrative monetary penalties framework under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.
OLAF
The European Anti-Fraud Office (OLAF) has supported a coordinated customs operation with Polish and Spanish customs that led to the seizure of several containers of textiles suspected of being diverted onto the EU grey market instead of being exported to Africa as declared. The operation focused on flows of goods transported from China towards Africa via a rail corridor entering the European Union through Poland and then expected to leave the EU via the ports of Spain to Africa. According to customs declarations, the goods – mainly textiles – were only transiting through the EU and were not intended for the sale on European market.
HKMA
The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to the press releases issued by the banks listed below relating to fraudulent websites, internet banking login screens, phishing emails or other scams, which have been reported to the HKMA. Hyperlinks to the press releases are available on the HKMA website.
| Bank | Type of Scam |
|---|---|
| The Bank of East Asia, Limited | Fraudulent website and internet banking login screen |
| Shanghai Commercial Bank Limited | Fraudulent website and internet banking login screen |
| Chong Hing Bank Limited | Fraudulent website and internet banking login screen |
| OCBC Bank (Hong Kong) Limited | Fraudulent websites and internet banking login screens |