Fraudsters conning Canadians with money transfer scam

Opportunist criminals are using Canadian firm’s name and logo on fraudulent cheques
INSURANCE NEWS
By Joe Rosengarten
Sep 30, 2016
Fraudsters are currently using the Industrial Alliance name and logo on fraudulent cheques. The criminal group is contacting people offering “mystery shopper” roles in an opportunity to try and execute an international money transfer system. The potential “shoppers” receive a fake cheque from Industrial Alliance along with instructions to cash the cheque and transfer a large portion of the money through a money transfer service. The Legal Department of iA Financial Group has officially reported the scam to law enforcement authorities.

The Competition Bureau of Canada warns consumers against the dangers of these types of schemes and advises all Canadians to always be on guard and question all requests for money transfers.

Encourage your clients to exercise caution and never respond to such offers. If you or any of your clients have been targets, visit the webpage below or call 1-888-495-8501.

http://www.antifraudcentre-centreantifraude.ca/reportincident-signalerincident/index-eng.htm

Let us know below if you’ve ever been targeted by a scam like this by leaving a comment below.

Related links:
New scam warning
FSCO sends out insurance warning

 
Free newsletter

We'll keep you up-to-date with the latest breaking news, cutting edge opinion, and expert analysis affecting both your business and the industry as whole.

Free newsletter

Our daily newsletter is FREE and keeps you up - to - date with the world of Insurance. Please complete the form below and click on subscribe for daily newsletters from IB CA.