Security

Digital devices provide convenience at our fingertips, allowing us to access a multitude of programs, Apps and services. The use of digital devices continues to grow as the world has leaned on technology more during the COVID-19 pandemic. Technology has allowed us to continue to perform daily tasks, such as paying bills, ordering groceries and merchandise, working from home and staying connected with loved ones. With all the benefits that it has afforded us, it has also increased the risk of cybercrime.

As of October 31, 2020, fraud has cost Canadians over $79 million with more than 19,000 victims.

Learn how you can help protect yourself online.

Money Laundering

Money laundering claims many victims. The safety and security of our communities is threatened by illegal activities such as drug trafficking, illegal arms sales, prostitution, commercial fraud, human trafficking, corruption and organized theft.

Compliance with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) helps detect, deter and prevent money laundering activities. Under this Act there is mandatory information, record keeping and reporting requirement for financial entities, including credit unions.

 

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