A new analysis of extortion cases across Canada by the federal government’s money laundering watchdog confirmed Indian nationals on international student visas play a key role while the possibility of copycat actors emerge.
In a special bulletin posted online Thursday, April 23, the Financial Transactions and Reports Analysis Centre of Canada, or Fintrac, also warned local financial institutions, such as those in Surrey, of transnational money laundering tactics extortionists have used or may use.
“These groups appear to recruit or rely on individuals already living in Canada to act as financial intermediaries (‘money mules’), enforcers, or ‘foot soldiers,’ typically financially vulnerable, young male Indian nationals in Canada on study permits,” the bulletin stated.
→ Continue reading at BIV