FINTRAC publishes a Special Bulletin on ML indicators to help businesses detect and report ML linked to extortion schemes targeting South Asian diaspora communities in Canada

The bulletin responds to a marked increase in extortion-related activity, with financial intelligence disclosures identifying hundreds of subjects and tens of thousands of transactions linked to organised crime networks. Guidance supports reporting entities in strengthening suspicious transaction monitoring and contributes to broader AML/CFT efforts by enabling law enforcement to trace, disrupt, and dismantle extortion-related financial flows…