Canada is creating a new federal office to lead efforts against financial crime. The initiative marks the government's most significant move yet to modernize its approach to fraud and money laundering.

TORONTO, Oct. 27, 2025 (GLOBE NEWSWIRE) -- Canadians are facing a flood of scam attempts, with one in three reporting fraudulent job or CRA-related texts in the past three months alone, according to new research from Equifax Canada.

Canada is launching a new financial crimes agency and making changes to banking laws to clamp down on online fraud and other scams.

IRCC warns of growing immigration fraud and says offenders face a 5-year entry ban as Canada steps up checks on fake documents and job offers

The clarification helps delineate the scope of Ottawa’s new framework, which was announced last week as part of a broader pre-budget package aimed at countering rising online scams, financial exploitation, and money laundering.

Canada will introduce its first national anti-fraud strategy to combat rising losses when it announces its budget next month that will require banks to have policies to prevent and address fraud, says Finance Minister François-Philippe Champagne.