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Canada launches anti-extortion initiative, directs FINTRAC to lead efforts

( February 19, 2026, 19:32 GMT | Official Statement) -- MLex Summary: Canada's finance minister and other senior officials announced new measures to strengthen Canada’s ability to detect, disrupt and prevent extortion across Canada, especially in the most affected areas like Ontario, British Columbia and Alberta. The government directed the Financial Transactions and Reports Analysis Centre of Canada, the country's financial intelligence and anti-money laundering agency, to surge resources; launch partnerships with the private sector; assign intelligence experts to support police; provide financial institutions with clear guidance; and publish key intelligence findings.Statement follows below:...

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