What's new

FADOQ welcomes the federal government’s announcement regarding the implementation of a national anti-fraud strategy.

For several years, FADOQ has expressed concern over the growing number of fraudulent schemes that particularly target older adults. The organization, which brings together more than 600,000 members, conducts numerous awareness and prevention activities on this issue, notably through its Senior-Aware program.

FADOQ will closely monitor this matter and hopes that this strategy will have a real impact on curbing the rise of fraud. The organization offers its full cooperation and stands ready to take part in consultations surrounding upcoming legislative changes.

Ottawa intends to amend the Bank Act to require financial institutions to implement preventive measures to better detect and counter fraud.

In an upcoming bill, the government also plans to establish the Financial Crimes Agency, which will coordinate the country’s efforts to combat sophisticated financial crimes.

While the national strategy is welcome, FADOQ reminds that many frauds continue to be carried out by phone or in person. It remains essential that this strategy also addresses these forms of crime and ensures that fraudsters and the criminal networks behind them are brought to justice.

Finally, FADOQ stresses the importance of ensuring that sentences imposed on those convicted of fraud reflect the seriousness of the crime, in order to have a truly deterrent effect.