Stop Scammers

A new Conservative government will protect Canadian seniors by cracking down on financial scammers who target them. 

We will ensure that Canadian banks and cell phone companies do a better job detecting scams, alerting victims before they are scammed, and reporting and blocking suspected fraud in real-time. We will also increase fines and prison sentences for the callous criminals who defraud vulnerable Canadians.

To do this, we will: 

  • Require mandatory scam detection systems for banks and cell phone companies, especially for high-risk accounts such as seniors over 65.
  • Require real-time flagging and blocking of suspicious activity, including unusual or suspicious money transfers, repeated phishing text patterns, and robocall patterns—backed by heavy penalties for non-compliance.
  • Create a Senior Transaction Shielding Protocol (STSP): a mandatory 24-hour transaction delay for high-risk transactions on seniors’ accounts–or on the accounts of anyone else who requests such protection–during which time a verification call and fraud check must occur.
  • Mandate public reporting by banks and telcos on fraud prevention statistics, volume of scam data blocked, and customer reimbursements made.
  • Impose a mandatory minimum one-year jail sentence for fraud over $5,000, three years for fraud over $100,000, five years for fraud over $1 million and minimum fines of ten times the amount defrauded.
  • Impose penalties of up to $5 million per violation for willful neglect for failure to implement adequate scam prevention tools.
  • Create a new Criminal Code offence of “willful blind profiteering from fraud,” targeting executives who ignore red flags and knowingly allow scam traffic or activity to continue.

Our seniors have earned the right to feel secure in their retirement. It’s time we had a government that puts their safety first—For a Change.

Learn more here.