Liberals announce plans for national financial crime agency targeting online scams
Автор: Canada News Today
Загружено: 2025-10-20
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Liberals announce plans for national financial crime agency targeting online scams
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In a significant move to combat escalating online fraud, the federal Liberal government has announced plans to establish a national financial crime agency. Finance Minister François-Philippe Champagne unveiled the initiative, slated to be part of the upcoming fall budget on November 4th. This strategy aims to address increasingly sophisticated scams, including ghost texts and phishing attempts, which have led to an estimated $643 million in losses for Canadians in 2024 alone. The proposed measures also include amendments to the Bank Act, mandating banks to implement robust fraud prevention policies. While the specific cost of the new agency is yet to be determined, this announcement comes amidst ongoing debate over government spending, with the Conservatives calling for fiscal restraint and a reduction in the federal deficit. The Liberals, however, point to favorable international fiscal assessments, asserting their ability to make generational investments responsibly. Other parties, like the Bloc Québécois and NDP, have also outlined their budget priorities, focusing on areas such as healthcare, infrastructure, and housing. If you like our content, don't forget to like and subscribe to our channel, NEWS TODAY.
https://www.cbc.ca
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