Page text captured in a browser on 13 October 2026 (canada.ca refused scripted download).
Title: Government of Canada launches consultations on first ever National Anti-Fraud Strategy. Department of Finance Canada, news release.
URL: https://www.canada.ca/en/department-finance/news/2026/03/government-of-canada-launches-consultations-on-first-ever-national-anti-fraud-strategy.html

March 30, 2026 - Ottawa, Ontario - Department of Finance Canada

Today, the Honourable Francois-Philippe Champagne, Minister of Finance and National Revenue, formally launched consultations on Canada's first-ever whole-of-government National Anti-Fraud Strategy, as announced on October 20, 2025 and in Budget 2025.

The Strategy aims to establish a robust, multi-sector approach to combatting fraud throughout its entire lifecycle, from averting fraudsters' initial contact with victims, to preventing fraudulent transactions, to mitigating harms to fraud victims.

The development of the Strategy is led by the Department of Finance Canada, in collaboration with 11 other departments and agencies, and will build upon existing industry-led initiatives to combat fraud and scams, such as the Canadian Anti-Scam Coalition.

The consultations seek feedback on three initial measures for the Strategy: supporting law enforcement's ability to combat fraud; strengthening public awareness; and establishing a comprehensive Multi-Sector Anti-Fraud Framework. This framework would introduce new and enhanced obligations for federally regulated financial institutions, telecommunications service providers, and digital platforms. As part of the Framework, in addition to general prevention requirements, organizations could be required to take fraud prevention measures specific to their industry, for example:
Providing specific warnings about the risk of fraud when individuals initiate large-scale transfer payments (e.g., wire transfers, international money transfers).
Blocking or flagging calls "spoofing" legitimate enterprises, government institutions, and law enforcement.
Implementing screening for fraudulent profiles and pages, and blocking malicious ads.

All interested Canadians and stakeholders are invited to review the consultation notice and paper and to email their comments by April 28, 2026.

Quick facts
In 2025, data from the Canadian Anti-Fraud Centre indicates that Canadians lost over $704 million to fraud, with reported losses since 2022 now surpassing $2.4 billion, while only 5 to 10 per cent of scams are reported.
The top three most reported types of fraud were identity fraud, service fraud, and investment fraud. The top three frauds reported with the highest level of financial impact were investment frauds, spear phishing, and romance scams.
Bill C-15, which recently received Royal Assent, would make amendments to the Bank Act that require banks to: Have policies and procedures in place to detect and prevent consumer-targeted fraud and mitigate its harms. Obtain the express consent of personal deposit account holders before enabling prescribed account capabilities which fraudsters can use to steal consumers' money, including transfer and payment capabilities, and to permit account holders to disable prescribed capabilities they do not want. Allow personal deposit account holders to adjust their transaction limits to protect themselves. Collect fraud-related data and report it to the Financial Consumer Agency of Canada.
Previously, the only federal legislative consumer protection on fraud was a limit of consumer liability for unauthorized credit card transactions of $50, and the understanding under the Canadian Code of Practice for Consumer Debit Card Services that consumers are not liable for losses in circumstances beyond their control, such as unauthorized use of the debit card.