Latest news with #CanadianBankersAssociation
Associated Press
11 hours ago
- Business
- Associated Press
Nominations now open for the 2025 Canadian Banks' Law Enforcement Awards
TORONTO, Aug. 18, 2025 /CNW/ - The Canadian Bankers Association (CBA) is now accepting nominations for the 2025 Canadian Banks' Law Enforcement Award (CBLEA) from banks and law enforcement agencies across Canada. Through the CBLEA, the banking sector honours members of law enforcement who go above and beyond the call of duty to fight financial crimes and protect Canadians, bank employees and the financial system. 'It has always been top priority for banks in Canada to safeguard their customers' financial and personal information and protect our financial system,' said Anthony Ostler, President and Chief Executive Officer, Canadian Bankers Association. 'Since 1972, the CBLEA has been recognizing law enforcement officers for their exemplary service in combatting financial crimes. We look forward to reviewing the new nominations and celebrating the work of deserving recipients.' Nominations must be submitted to the CBA by October 20, 2025 and the awards will be presented at the annual summit of the Canadian Association of Chiefs of Police in 2026. The nomination form is available here and completed forms should be submitted to [email protected] for consideration. Eligibility criteria The CBLEA can be presented to sworn members of law enforcement, including special constables, and sworn auxiliary peace officers, in recognition of exceptional achievement in an investigation involving banks in Canada. Awards may be presented for either individual or group (Team) achievement. The criteria for nominations are as follows: Additional information about the nomination process and eligibility requirements can be found on the CBA website. Nominations may be submitted by members of law enforcement or bank security personnel. About the Canadian Banks' Law Enforcement Award Since its creation in 1972, over 300 officers and law enforcement staff from across Canada have been honoured with the Canadian Banks' Law Enforcement Award for their outstanding bravery, dedication, and other noteworthy achievements in combating crimes against Canada. About the Canadian Bankers Association The Canadian Bankers Association is the voice of more than 60 domestic and foreign banks that help drive Canada's economic growth and prosperity. The CBA advocates for public policies that contribute to a sound, thriving banking system to ensure Canadians can succeed in their financial goals. Follow the CBA on Twitter: @CdnBankers Follow the CBA on LinkedIn SOURCE Canadian Bankers Association
Cision Canada
12 hours ago
- Business
- Cision Canada
Nominations now open for the 2025 Canadian Banks' Law Enforcement Awards Français
TORONTO, Aug. 18, 2025 /CNW/ - The Canadian Bankers Association (CBA) is now accepting nominations for the 2025 Canadian Banks' Law Enforcement Award (CBLEA) from banks and law enforcement agencies across Canada. Through the CBLEA, the banking sector honours members of law enforcement who go above and beyond the call of duty to fight financial crimes and protect Canadians, bank employees and the financial system. "It has always been top priority for banks in Canada to safeguard their customers' financial and personal information and protect our financial system," said Anthony Ostler, President and Chief Executive Officer, Canadian Bankers Association. "Since 1972, the CBLEA has been recognizing law enforcement officers for their exemplary service in combatting financial crimes. We look forward to reviewing the new nominations and celebrating the work of deserving recipients." Nominations must be submitted to the CBA by October 20, 2025 and the awards will be presented at the annual summit of the Canadian Association of Chiefs of Police in 2026. The nomination form is available here and completed forms should be submitted to [email protected] for consideration. Eligibility criteria The CBLEA can be presented to sworn members of law enforcement, including special constables, and sworn auxiliary peace officers, in recognition of exceptional achievement in an investigation involving banks in Canada. Awards may be presented for either individual or group (Team) achievement. The criteria for nominations are as follows: Individual achievement: This award is presented to a sworn member of law enforcement for a unique investigation (not just high profile) involving a bank. The nominee should display exceptional diligence in overcoming significant challenges or extenuating circumstances. This award may also be presented in cases where the officer knowingly placed themselves at great risk – such as facing imminent danger or the threat of serious bodily harm or death – while protecting a bank employee, customer, or bank property. Group (Team) achievement: This award is presented to sworn law enforcement members working in a group / taskforce / team investigation involving one or more banks in Canada. The investigation should demonstrate exemplary performance in overcoming extraordinary circumstances, resulting in a successful outcome. Eligible cases could include investigations into robbery against a bank (branch) where employees and customers may be at risk, or fraudulent acts against a bank or banks by an organized criminal group. Additional information about the nomination process and eligibility requirements can be found on the CBA website. Nominations may be submitted by members of law enforcement or bank security personnel. About the Canadian Banks' Law Enforcement Award Since its creation in 1972, over 300 officers and law enforcement staff from across Canada have been honoured with the Canadian Banks' Law Enforcement Award for their outstanding bravery, dedication, and other noteworthy achievements in combating crimes against Canada. About the Canadian Bankers Association The Canadian Bankers Association is the voice of more than 60 domestic and foreign banks that help drive Canada's economic growth and prosperity. The CBA advocates for public policies that contribute to a sound, thriving banking system to ensure Canadians can succeed in their financial goals. Follow the CBA on Twitter: @CdnBankers Follow the CBA on LinkedIn SOURCE Canadian Bankers Association
Cision Canada
11-08-2025
- Business
- Cision Canada
Winners honoured with the Canadian Banks' Law Enforcement Award for combatting financial crimes and protecting citizens Français
Police Officers recognized for bravery, dedication, and professionalism towards the shared goal of combatting financial crimes VICTORIA, BC, Aug. 11, 2025 /CNW/ - The Canadian Bankers Association (CBA) will honour dedicated police officers this evening at the Canadian Association of Chiefs of Police Annual Summit in Victoria, B.C. Winners will receive the Canadian Banks' Law Enforcement Award (CBLEA) for their exceptional efforts in investigating financial crimes in Canada and protecting Canadians against fraudsters. This year's award recipients include representatives from the Toronto Police Service, Sûreté du Québec, Service de la police de la Ville de Montréal, Service de police de l'agglomération de Longueuil, and the Royal Canadian Mounted Police (RCMP). Individual Award – Presented to Detective Constable Chris Devereux of the Toronto Police Service 32 nd division for leading an investigation that resulted in the arrest of two individuals who defrauded Canadian businesses and financial institutions through a business email compromise fraud scheme. Group Award – Presented to officers from the Sûreté du Québec, the Service de la police de la Ville de Montréal, the Service de police de l'agglomération de Longueuil and the RCMP for their outstanding coordinated efforts in Project RUER, which tackled a multi-million-dollar "false representative" scam affecting Canadian financial institutions and Canadians across the country, particularly in the province of Quebec. "Tonight, we pay tribute to our CBLEA recipients for their bravery, dedication, and professionalism in advancing our shared goal of combatting financial crimes and addressing the evolving global epidemic of frauds and scams," said Anthony G. Ostler, President and CEO of the Canadian Bankers Association. "We are proud to continue our collaboration with law enforcement, governments, and industry partners to combat fraud and security threats." About the Award Recipients Individual Award Detective Constable Chris Devereux Toronto Police Service, 32 Division In January 2024, Detective Constable Chris Devereux led a cross-jurisdictional investigation that resulted in the arrest of two suspects involved in a scheme to defraud businesses across Canada. The investigation began when multiple companies in the Greater Toronto Area (GTA), as well as across Ontario and British Columbia, reported receiving fraudulent emails requesting payment for false invoices and directing them to update their banking details – only to later discover funds had already been stolen. Working alongside the Abbotsford Police Department, Guelph Police Service, and the Ontario Provincial Police Cybercrime Investigations Team, Det. Const. Devereux played a key role in identifying and tracking the suspects. In April 2024, one suspect was arrested by Canada Border Services Agency and charged with Fraud, Possession of Property Obtained by Crime, and Possession of Credit Cards Obtained by Crime. A second suspect was later charged with Conspiracy to Commit an Indictable Offence, Fraud, Use of Credit Cards Obtained by Crime, and Laundering Proceeds of Crime. Det. Const. Devereux's leadership was instrumental in dismantling a sophisticated fraud operation that targeted Canadian businesses and financial institutions. Group Award Sûreté du Québec, Québec Service de la police de la Ville de Montréal Service de police de l'agglomération de Longueuil RCMP In 2023, the Sûreté du Québec launched Project RUER, a 16-member joint task force composed of officers from the Sûreté du Québec, the Service de police de la Ville de Montréal, the Service de police de l'agglomération de Longueuil, and the RCMP. The task force was created to address and dismantle a major "false representative" fraud scheme targeting seniors across Canada, with a particular focus on Quebec. The RUER team played a vital role in identifying suspects and establishing a new model for collaboration between law enforcement and the public/private sectors during the investigations. Through strategic partnership with Quebec's major financial institutions, the task force facilitated timely exchange of information on false representative frauds. As a result, more than 250 plainclothes and uniformed police officers conducted 22 coordinated searches across Quebec and Ontario. The operation led to 28 arrests and cease-and-desist orders issued to disrupt the fraud network. This joint initiative not only disrupted a major fraud operation but also established new best practices for multi-sector collaboration, setting a new benchmark to support future investigations. About the Canadian Banks' Law Enforcement Award (CBLEA) Since its creation in 1972, over 300 Canadian Banks' Law Enforcement Awards have been presented to police officers for their outstanding bravery, dedication and other noteworthy achievements in combating crimes against Canada's banks. Award recipients are nominated by their peers, other law enforcement agencies and bank members across Canada. For additional information, please visit About the Canadian Bankers Association The Canadian Bankers Association is the voice of more than 60 domestic and foreign banks that help drive Canada's economic growth and prosperity. The CBA advocates for public policies that contribute to a sound, thriving banking system to ensure Canadians can succeed in their financial goals.
CBC
20-06-2025
- CBC
Latest from Tess Ha
The Canadian Bankers Association and Interac both say they are actively exploring technology to prevent people from using e-transfers to perpetuate abusive behaviour. It comes months after multiple Canadians told CBC News they have been victimized by abusers who use e-transfers to circumvent other safeguards that survivors of intimate partner violence have put in place.
Cision Canada
02-06-2025
- Business
- Cision Canada
Seniors Month 2025: CBA Enhances Fraud Prevention Resources to Empower Older Adults in Combating Financial Scams and Abuse Français
TORONTO, June 2, 2025 /CNW/ - As several provinces mark Seniors Month in June, the Canadian Bankers Association (CBA) is reaffirming its commitment to financial literacy and raising fraud awareness through its enhanced Fraud Prevention Toolkit for Older Adults. This Toolkit features new and revised guidance designed to empower older Canadians to safeguard their finances, stay vigilant against financial scams, and take action when they encounter fraudulent activities. Canadians are strongly encouraged to report suspected scams immediately through appropriate channels to help protect one another. Fraud targeting older adults is a growing concern in Canada and around the world, as fraudsters and cybercriminals exploit factors such as social isolation, financial assets, and limited digital confidence 1. Banks, governments, law enforcement and community stakeholders recognize that it is a priority to address the challenge together through sharing best practices and strengthen protections for Canadians, especially older adults. Anthony G. Ostler, President and CEO of the Canadian Bankers Association, said: "Financial fraud and scams affect all Canadians, with older adults feeling most at risk 2. That's why the CBA and its members continually work to combat fraud and cybersecurity threats, including convening a cross-sector anti-scam alliance, providing digital educational resources, and offering free financial literacy seminars. Through collective action, we aim to enhance resilience against fraud and scams, reducing their impact on Canadians." Empowers older adults: tackling AI-driven scams with the updated Fraud Prevention Toolkit Scammers are constantly evolving their tactics to evade detection, and emerging technologies like artificial intelligence (AI) have made it easier for them to create highly convincing scams. AI can quickly generate emails and messages mimicking an individual's style and language. It can also clone voices and fabricate realistic images, audio, or videos of real people in just minutes. 3 As impersonation fraud rapidly becomes one of the fastest-growing forms of financial crime, it is crucial to help seniors navigate these evolving threats with confidence. In response, the CBA, in partnership with Get Cyber Safe, has updated its Fraud Prevention Toolkit for Older Adults, offering additional guidance on identifying AI-driven fraud and scams. By staying informed, recognizing warning signs, and safeguarding personal information, Canadians can more effectively avoid the risks of financial loss, identity theft, and other serious consequences. The power of reporting: a vital step in fighting financial crime Another key update in the Toolkit is a simple step-by-step guide on reporting scams, encouraging Canadians targeted by scams to take action right away and protect one another. Reporting scams plays an important role in combating financial crime. Local police investigate reported incidents, and the Canadian Anti-Fraud Centre (CAFC) supports law enforcement by sharing information collected through these reports 4. Common types of scams that should be reported include text scams, phishing emails, phone scams and fraudulent websites. By reporting suspicious activities, Canadians help the tracking of criminal organizations, identify emerging fraud patterns, prevent future scams, and raise awareness of new threats. Safeguarding seniors: recognizing and preventing financial abuse June 15 also marks World Elder Abuse Awareness Day, a global initiative dedicated to raising awareness about the abuse, neglect, and exploitation of older adults. Financial abuse, one of the most common forms of elder abuse in Canada 5, is not only unethical but illegal. Reflected in this year's theme "Grow the Conversation … Recognize the Signs, Reduce the Risks", the CBA encourages older Canadians to learn how to identify financial abuse indicators and take proactive steps to protect themselves and their loved ones. To support this, the CBA has a package of resources on financial abuse including printable tip sheets: CBA member banks support the Code of Conduct for the Delivery of Banking Services to Seniors, reinforcing their longstanding commitment to respond to the unique, evolving needs of senior customers. That includes training for bank employees on how to help older customers avoid financial abuse, fraud and scams. Building financial confidence: free seminars for older Canadians Financial literacy is a lifelong skill that helps Canadians protect themselves and make informed financial decisions. In partnership with the Financial Consumer Agency of Canada (FCAC), the CBA offers Your Money Seniors, a free, non-commercial seminar program that supports older adults in spotting scams, understanding the risks of joint accounts, and preparing for retirement. Senior groups across Canada can request a seminar, delivered by bank volunteer committed to improving financial literacy in their community through the online seminar request form. About the Canadian Bankers Association The Canadian Bankers Association is the voice of more than 60 domestic and foreign banks that help drive Canada's economic growth and prosperity. The CBA advocates for public policies that contribute to a sound, thriving banking system to ensure Canadians can succeed in their financial goals.
