quora
Read More about fast-id page

Shufti globally launches webinr-icon - a new kind of identity solution!

Shufti globally launches - a new kind of identity solution!

Read more

New Bitcoin scam hits Canada

New Bitcoin scam hits Canada

According to a report, a supposed Bitcoin (BTC) scam is now targeting residents of Winnipeg, Canada. A local grocery store owner informed that a large number of customers were victims of scammers.

As reported by Global News, Husni Zeid pasted a large sign on the Bitcoin machine in his store, urging people to practice caution with respect to phone scams that ask for fake Bitcoin investments.

Zeid told the local media outlets:

“A lot of people are getting phone calls saying that they have to transfer the money to Bitcoin regarding CRA; we’ve had Manitoba Hydro as well.”

He emphasized that the scams have taken place multiple times a week and claimed that they continuously receive complaints from the victims.

Aura Morissette, an employee of the grocery store, spoke about a victim:

“Yesterday (a) mom was in here and she said she gave all her savings to them and she was just crying. It was heartbreaking that she fell for it; it was sad, and all she kept saying was ‘I have kids.’ (It) was awful.”

The employee also said that when people are buying bitcoin at their machine while on the phone, they often warn them that a scam may be happening.

Related Posts

News

UAE central bank alerts about fraud attempts related to Coronavirus epidemic

Bank customers are warned of potential fraud by the UAE Central Bank. According to the bank, “Fra...

UAE central bank alerts about fraud attempts related to Coronavirus epidemic Explore More

News

Hong-Kong Police Crack money-laundering Cartel of Processing HK$119 Million in 2 months

Hong Kong police have rounded up 11 men in a crackdown on a cross-border syndicate with a suspect...

Hong-Kong Police Crack money-laundering Cartel of Processing HK$119 Million in 2 months Explore More

News

Hong Kong Custom Busts Money Laundering Ring Accused of Smuggling HK$170M

Investigators suspect that the criminal gang laundered part of the cash through casinos in Macau....

Hong Kong Custom Busts Money Laundering Ring Accused of Smuggling HK$170M Explore More

News

AML Council Warns Financial Institutions to Strengthen Systems for Effective Money Laundering Prevention

Banks and financial institutions should implement a strengthened anti-money laundering system to ...

AML Council Warns Financial Institutions to Strengthen Systems for Effective Money Laundering Prevention Explore More

News

African Federal Government Urges Collaboration to Combat Money Laundering and Terrorist Financing

The African Federal Government stressed the urgent teamwork needed to combat money laundering, te...

African Federal Government Urges Collaboration to Combat Money Laundering and Terrorist Financing Explore More

News

Canadian financial watchdog geared up for FATF compliance

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) plans on closely regul...

Canadian financial watchdog geared up for FATF compliance Explore More

News

EU’s decision to ban Facial Recognition for five years divides the tech giants

Facial recognition is emerging as a conflicting technology causing key disagreement among the wor...

EU’s decision to ban Facial Recognition for five years divides the tech giants Explore More

News

UAE Issues Guidance to Registered Unlicensed Crypto Firms

UAE’s regulatory authorities stated all unlicensed Virtual Service Providers (VASPs) companies wi...

UAE Issues Guidance to Registered Unlicensed Crypto Firms Explore More

News

Newsman arrested for credit card theft

A Newport Newsman was arrested due to credit card and identity theft allegations. The arrest was...

Newsman arrested for credit card theft Explore More

News

North Korean bankers charged in $2.5 billion money-laundering scheme

The US Department of Justice recently revealed criminal charges against about twenty-four North K...

North Korean bankers charged in $2.5 billion money-laundering scheme Explore More

News

Brazilian Police Confiscates $33 M in Crypto Money Laundering Probe

Brazilian authorities have seized R$172 million from an investigation carried out into money laun...

Brazilian Police Confiscates $33 M in Crypto Money Laundering Probe Explore More

News

Another COVID-related lure: Phishing Scam Targeting Email Users

Amid the COVID-19 outbreak, email users are constantly warned against fraudulent emails and scams...

Another COVID-related lure: Phishing Scam Targeting Email Users Explore More

News

IMF Urges Central Bank of Seychelles to Upgrade Transparency and AML Controls

The Central Bank of Seychelles (CBS) has been advised by the International Monetary Fund (IMF) to...

IMF Urges Central Bank of Seychelles to Upgrade Transparency and AML Controls Explore More

News

Lebanon Central Bank Denies Money Laundering Allegations and Embezzlement Charges

The governor of the Lebanese central bank appeared in the first court hearing on the premise of s...

Lebanon Central Bank Denies Money Laundering Allegations and Embezzlement Charges Explore More

News

Amendments in UK Supervision Laws Enhance Risk of Money Laundering

Accounting bodies have warned that changes in the UK supervision of AML compliance regulations wi...

Amendments in UK Supervision Laws Enhance Risk of Money Laundering Explore More

News

Reddit follows Facebook suit and bans impersonation on its platform

Earlier this week, Facebook announced its new policy to ban manipulated pictures and videos known...

Reddit follows Facebook suit and bans impersonation on its platform Explore More

News

Dutch Central Bank Strikes Coinbase with €3.3 Million Fine over Anti-Money Laundering Failings

The Dutch Central Bank (DeNederlandscheBank) has charged Coinbase for having ineffective anti-mon...

Dutch Central Bank Strikes Coinbase with €3.3 Million Fine over Anti-Money Laundering Failings Explore More

News

RBI to Strengthen KYC Guidelines for the Crypto Industry

IndiaTech has suggested enhancing the KYC guidelines and obligating the cryptocurrency industry t...

RBI to Strengthen KYC Guidelines for the Crypto Industry Explore More

News

Regulators Criticise Deutsche Bank over Forex Mis-selling Probe

ECB and BaFin have told Deutsche Bank that they are “not satisfied” with its probe into mis-selli...

Regulators Criticise Deutsche Bank over Forex Mis-selling Probe Explore More

News

IMF Urges Central Bank of Seychelles to Upgrade Transparency and AML Controls

The Central Bank of Seychelles (CBS) has been advised by the International Monetary Fund (IMF) to...

IMF Urges Central Bank of Seychelles to Upgrade Transparency and AML Controls Explore More

News

Thai Police Bust $27M Crypto Scam and Seize Multiple Luxury Properties

In a recent operation, Thai authorities uncovered a $27m crypto scam targeting local investors an...

Thai Police Bust $27M Crypto Scam and Seize Multiple Luxury Properties Explore More

News

US Senators Urge CISA to Incorporate Rules for Ransomware Reporting

US senators have urged the CISA to enforce new ransomware reporting rules amid a sharp increase i...

US Senators Urge CISA to Incorporate Rules for Ransomware Reporting Explore More

News

HKMA Issues Mandate to Encourage Innovation in AML/CFT

Hong Kong’s Monetary Authority is set to launch interactive lab sessions to experiment with innov...

HKMA Issues Mandate to Encourage Innovation in AML/CFT Explore More

News

MEF Implements New Tax Rules on Commercial Gambling Businesses to Curb Financial Crime

The Ministry of Economy and Finance (MEF) brought about new tax rules on commercial gambling busi...

MEF Implements New Tax Rules on Commercial Gambling Businesses to Curb Financial Crime Explore More

News

Macau Police Arrests Cross-border Money Laundering Group for Illicit Financing of HK1.1 Billion

A group of 22 individuals were arrested by authorities in Macau and HK for suspicions of being in...

Macau Police Arrests Cross-border Money Laundering Group for Illicit Financing of HK1.1 Billion Explore More

News

UK’s FCA Warns Challenger Banks Over Inadequate AML Measures

The UK’s main financial regulator has warned challenger banks to improve measures for fighting fi...

UK’s FCA Warns Challenger Banks Over Inadequate AML Measures Explore More

News

Coincheck customers fall victim to a data breach

In 2018, Coincheck, the Japanese firm, fell victim to probably the largest cryptocurrency hack in...

Coincheck customers fall victim to a data breach Explore More

News

Large Korean bank to pay a huge fine for violating AML law

NEW YORK, April 20 (Reuters) – Industrial Bank of Korea 024110.KS, one of South Korea’...

Large Korean bank to pay a huge fine for violating AML law Explore More

News

IPEC to Collaborate With FIU to Improve AML Framework

IPEC to collaborate with FIU to identify terrorist financing and money laundering risks that are ...

IPEC to Collaborate With FIU to Improve AML Framework Explore More

News

Canada to Update AML Laws for Payments Services, FinTechs and Crowdfunding Platforms

The Canadian government’s federal budget announced that new regulations will be implemented to up...

Canada to Update AML Laws for Payments Services, FinTechs and Crowdfunding Platforms Explore More

News

Cryptocurrency criminals are lurking on Youtube

Cryptocurrency criminals are lurking on YouTube, a recent lawsuit filed by Apple co-founder Steve...

Cryptocurrency criminals are lurking on Youtube Explore More

News

“Crypto Should Be Regulated, Not Prohibited”, Says ECB Vice President

After his statement in May that declared cryptocurrencies as a risky investment, the Vice Preside...

“Crypto Should Be Regulated, Not Prohibited”, Says ECB Vice President Explore More

News

Scammers Set to Defraud this Holiday Season, FBI Warns!

This holiday season, New Mexican shoppers are at risk of facing scammers. Criminals are all set t...

Scammers Set to Defraud this Holiday Season, FBI Warns! Explore More

News

U.K Accelerates New Plans to Crack Down on Foreign Money Laundering Activities

The U.K plans to crack down on money laundering activities, legislate new laws to register foreig...

U.K Accelerates New Plans to Crack Down on Foreign Money Laundering Activities Explore More

News

FinCEN and FDIC to Test the Effectiveness of Digital ID Verification Tools

Two federal regulators – the FinCEN and FDIC have called for a ‘tech sprint’ to assess the ...

FinCEN and FDIC to Test the Effectiveness of Digital ID Verification Tools Explore More

News

The US and UK Strengthen Ties Regarding Crypto Regulations, Says British Regulator

The Top British regulator FCA reported that the US and UK are strengthening ties on crypto regula...

The US and UK Strengthen Ties Regarding Crypto Regulations, Says British Regulator Explore More

News

FATF puts Morocco on the Gray List for Pervasive Money laundering

Financial Action Task Force, the global regulatory watchdog for money laundering, has placed Moro...

FATF puts Morocco on the Gray List for Pervasive Money laundering Explore More

News

Moroccan Charity, Najiba Foundation, Faces Account Termination by ING Bank for AML Failures

Internationale Nederlanden Groep (ING) wants to terminate one of the largest Moroccan charity fou...

Moroccan Charity, Najiba Foundation, Faces Account Termination by ING Bank for AML Failures Explore More

News

Bermuda Monetary Authority Tightens AML Control as Threat of Money Laundering Increases

Bermuda Island was rated high in the 2020 Money Laundering and Terrorist Financing Risk Assessmen...

Bermuda Monetary Authority Tightens AML Control as Threat of Money Laundering Increases Explore More

News

FCA Fines Gatehouse Bank £1.58mn for Breaching Money Laundering Regulations

The Financial Conduct Authority (FCA) has fined Gatehouse Bank £1.58 million. The regulator disco...

FCA Fines Gatehouse Bank £1.58mn for Breaching Money Laundering Regulations Explore More

News

MAS Imposes Capital Requirements on OCBC for Inadequate Scam Response

Additional capital requirements have been imposed on the OCBC bank by the Monetary Authority of S...

MAS Imposes Capital Requirements on OCBC for Inadequate Scam Response Explore More

News

Singapore Scammers Launder Money Through Online Gambling

Singapore police seized US $736 million worth of cryptocurrencies and virtual assets from money l...

Singapore Scammers Launder Money Through Online Gambling Explore More

News

Travel to Restart as Several Countries Roll out Their Version of Vaccine Passports

Japan is planning on introducing a vaccine passport to make travelling easy for people. Internati...

Travel to Restart as Several Countries Roll out Their Version of Vaccine Passports Explore More

News

Hacker steals $250K by exploiting Bitcoin exchange Bisq

A hacker identified a significant software flaw on the decentralized Bitcoin exchange, Bisq, to s...

Hacker steals $250K by exploiting Bitcoin exchange Bisq Explore More

News

Thai Police Bust $27M Crypto Scam and Seize Multiple Luxury Properties

In a recent operation, Thai authorities uncovered a $27m crypto scam targeting local investors an...

Thai Police Bust $27M Crypto Scam and Seize Multiple Luxury Properties Explore More

News

FinCEN Implements Stringent KYC Regulations For Digital Wallet

The USA Treasury Department has proposed KYC- Know Your Customer Regulations for the digital asse...

FinCEN Implements Stringent KYC Regulations For Digital Wallet Explore More

News

FCA Fines Gatehouse Bank £1.58mn for Breaching Money Laundering Regulations

The Financial Conduct Authority (FCA) has fined Gatehouse Bank £1.58 million. The regulator disco...

FCA Fines Gatehouse Bank £1.58mn for Breaching Money Laundering Regulations Explore More

News

TD Bank Agrees to Pay USD 1.2 Billion to Settle Investor Lawsuit

Toronto-Dominion Bank has agreed to pay US $1.2 Billion to settle an investor lawsuit which claim...

TD Bank Agrees to Pay USD 1.2 Billion to Settle Investor Lawsuit Explore More

News

Turkey Set to Toughen AML Laws on Crypto Asset Platforms

Turkey is designing new and stricter obligations to prevent crypto-asset platforms from money lau...

Turkey Set to Toughen AML Laws on Crypto Asset Platforms Explore More

News

FATF Highlights “Important Progress” in Colombia’s Anti-Money Laundering Reforms

A follow-up report from FATF (Financial Action Task Force) reveals that Colombia has significantl...

FATF Highlights “Important Progress” in Colombia’s Anti-Money Laundering Reforms Explore More

News

Hong Kong Police Seizes $65 Million From Triad Controlled Money Laundering Ring

 Hong Kong police detained 458 people and seized $65 million in connection with an extensive crim...

Hong Kong Police Seizes $65 Million From Triad Controlled Money Laundering Ring Explore More

News

Coinbase Agrees to $100Million Settlement with NYDFS for AML Violations

Coinbase, The American cryptocurrency exchange platform, has agreed to pay $100 million in a sett...

Coinbase Agrees to $100Million Settlement with NYDFS for AML Violations Explore More

News

Senate Reveals a 12-Year-Old Loophole Targeted by Americans to Cheat IRS

Offshore tax loopholes are safe havens for wealthy Americans to cheat the Internal Revenue Servic...

Senate Reveals a 12-Year-Old Loophole Targeted by Americans to Cheat IRS Explore More

News

US Attorney’s Office Charges New York’s Oldest Mafia Clans for Money Laundering Scheme

The US Attorney’s office has accused the two of New York’s oldest mafia clans for laundering mone...

US Attorney’s Office Charges New York’s Oldest Mafia Clans for Money Laundering Scheme Explore More

News

TSA to test self-service facial recognition technology in the pilot program

The Transportation Security Administration (TSA) is now testing self-service facial recognition t...

TSA to test self-service facial recognition technology in the pilot program Explore More

News

Half of Anti-malware Products fail to Recognize Notable Threats

According to a new report by SE labs, Most popular, well-established cybersecurity solutions do n...

Half of Anti-malware Products fail to Recognize Notable Threats Explore More

News

Reserve Bank of Zimbabwe Reveals Most Banks Lose Correspondent Deals Due to AML Non-compliance

The Reserve Bank of Zimbabwe (RBZ) Deputy Governor disclosed that most banks are losing clients d...

Reserve Bank of Zimbabwe Reveals Most Banks Lose Correspondent Deals Due to AML Non-compliance Explore More

News

US Set to Disclose New Real Estate Regulations to Combat Money Laundering

The US Treasury Department is ready to introduce rigid regulations to close security loopholes in...

US Set to Disclose New Real Estate Regulations to Combat Money Laundering Explore More

News

FCA Hints Why only 15% of Crypto Firms Received Regulatory Approval

The UK financial watchdog has approved only 41 registration applications of crypto firms out of 3...

FCA Hints Why only 15% of Crypto Firms Received Regulatory Approval Explore More

News

Russian Sanctions Put Switzerland in a Tough Spot Between Regulators and Oligarchs

Switzerland’s luxury sector is in a tough spot after Western countries have imposed sanctions aga...

Russian Sanctions Put Switzerland in a Tough Spot Between Regulators and Oligarchs Explore More

News

CBN Issues AML/CFT/CPF Guidelines for Licencing Banks and other Financial Institutions

The Central Bank of Nigeria (CBN) has issued guidelines to assist promoters of banks and other fi...

CBN Issues AML/CFT/CPF Guidelines for Licencing Banks and other Financial Institutions Explore More

News

Britain’s FCA Fines Ghanaian Bank for Insufficient AML Regulations

The Financial Conduct Authority of the UK has imposed fines of £5.8 million on Ghana Internationa...

Britain’s FCA Fines Ghanaian Bank for Insufficient AML Regulations Explore More

News

Phishing Scams Spike As Holiday Season 2021 Approaches

64% of the top courier companies have insufficient protection against phishing scams and other fr...

Phishing Scams Spike As Holiday Season 2021 Approaches Explore More

News

Singapore Passes Stringent Regulations to Clamp Down on Money Mules

Singapore has passed stringent regulations to clamp down on money mules and those who give contro...

Singapore Passes Stringent Regulations to Clamp Down on Money Mules Explore More

News

South Africa Enforces New Rules to Transfer Funds Abroad

The South African Revenue Service (SARS) has made regulatory changes to transfer funds overseas, ...

South Africa Enforces New Rules to Transfer Funds Abroad Explore More

News

UK to Mandate the Declaration of Crypto Holdings in Self-Assessment Tax Return Forms

The UK government is looking to mandate the declaration of crypto holding in Self Assessment tax ...

UK to Mandate the Declaration of Crypto Holdings in Self-Assessment Tax Return Forms Explore More

News

UK FCA Orders Illegal Crypto Service Providers to Shut Down ATMs

The UK’s Financial Conduct Authority has ordered crypto firms operating illegally in the country ...

UK FCA Orders Illegal Crypto Service Providers to Shut Down ATMs Explore More

News

Louisiana Approves First Regulation Requiring Age Verification to Access Pornography Sites

Louisiana’s House of Representatives passed the bill against age verification in the porn industr...

Louisiana Approves First Regulation Requiring Age Verification to Access Pornography Sites Explore More

News

Zipmex Crypto Trading Platform Suspends All Activities in Thailand

Zipmex cryptocurrency exchange firm withdrew all activities in Thailand until 31st January 2024 t...

Zipmex Crypto Trading Platform Suspends All Activities in Thailand Explore More

News

ePayments Systems Ltd to Permanently Close its Operations Due to Insufficient AML Protocols

FCA accused ePayments Systems Ltd of AML compliance failure. The financial money institution has ...

ePayments Systems Ltd to Permanently Close its Operations Due to Insufficient AML Protocols Explore More

News

Property Brokers in New Zealand Given Official Warning over AML/CFT Compliance

An eighty-branch real estate agency in New Zealand, Property Brokers, has received their first fo...

Property Brokers in New Zealand Given Official Warning over AML/CFT Compliance Explore More

News

FINMA, SFC, and MAS Fine Multiple Financial Institutions Over $1.5 Billion For Money Laundering Activities

FINMA, SFC, and MAS fined multiple financial institutions over $1.5 billion for not complying wit...

FINMA, SFC, and MAS Fine Multiple Financial Institutions Over $1.5 Billion For Money Laundering Activities Explore More

Take the next steps to better security.

Contact us

Get in touch with our experts. We'll help you find the perfect solution for your compliance and security needs.

Contact us

Request demo

Get free access to our platform and try our products today.

Get started