SURREY, B.C. — Police and the British Columbia Securities Commission say they have delivered warnings to 10 suspected"money mules" in an effort to fight investment fraud originating overseas and targeting people in the province.
They say the use of the so-called mules is a common tactic in money laundering, helping criminals move their cash by concealing its source and destination. Cpl. Arash Seyed of the Mounties' federal and serious organized crime unit says investigators believe that might be the case for some of the people who were handed warning letters last month.If people continue to move money after being warned not to do so, the commission says they could be charged with criminal or regulatory offences.
The securities commission says it identified suspects to receive warning letters after uncovering information indicating they had sent or received money or cryptocurrency that had been obtained from victims of investment fraud.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
RCMP, B.C. Securities Commission deliver warnings to 10 suspected 'money mules'SURREY, B.C. — Police and the British Columbia Securities Commission say they have delivered warnings to 10 suspected 'money mules' in an effort to fight investment fraud aimed at people in the province.
Source: PGCitizen - 🏆 65. / 51 Read more »
RCMP, B.C. Securities Commission deliver warnings to 10 suspected 'money mules'SURREY, B.C. — Police and the British Columbia Securities Commission say they have delivered warnings to 10 suspected 'money mules' in an effort to fight investment fraud aimed at people in the province.
Source: PGCitizen - 🏆 65. / 51 Read more »
RCMP, B.C. Securities Commission deliver warnings to 10 suspected 'money mules'SURREY, B.C. — Police and the British Columbia Securities Commission say they have delivered warnings to 10 suspected 'money mules' in an effort to fight investment fraud aimed at people in the province.
Source: sudburydotcom - 🏆 6. / 89 Read more »
RCMP, B.C. Securities Commission deliver warnings to 10 suspected 'money mules'SURREY, B.C. — Police and the British Columbia Securities Commission say they have delivered warnings to 10 suspected 'money mules' in an effort to fight investment fraud aimed at people in the province.
Source: BurnabyNOW_News - 🏆 14. / 77 Read more »
RCMP, B.C. Securities Commission deliver warnings to 10 suspected 'money mules'SURREY, B.C. — Police and the British Columbia Securities Commission say they have delivered warnings to 10 suspected 'money mules' in an effort to fight investment fraud aimed at people in the province.
Source: BurnabyNOW_News - 🏆 14. / 77 Read more »