According to Finance Canada, mortgage fraud and money laundering are increasing in Canada, with new anti-fraud regulations set to take effect on October 1, 2025. The Canadian real estate market has been identified as particularly vulnerable to these issues. The new rules will require more stringent checks by realtors and title insurers to combat the rise in fraud. The announcement follows reports that fraudulent taxpayer loans, which were initially part of pandemic relief efforts, are now under police investigation. The Export Development Canada (EDC) program, aimed at subsidizing government shutdowns during the pandemic, is also facing scrutiny. In a related development, the Functional Government Initiative is taking legal action against the State Department for withholding documents related to alleged censorship activities funded by taxpayers.
State Department documents reveal secret plans to route ‘censorship’ office to new hub @dcexaminer https://t.co/mMd46ftZwl
'Referrals to the RCMP were made on August 4, 2022,' reads federal submissions to the Commons public accounts committee. MORE by @WestCdnFirst: https://t.co/FNsjc7jPcd https://t.co/ugZ26brzA7
Fraudsters go free unless Congress acts; expiration nears for pursuing ill-gotten pandemic relief Read more: https://t.co/3OBWMOwaGk https://t.co/OUiWNMRP5r