Recovering Stolen Money After A Business Email Compromise Scam

Business email compromise (BEC) scams are increasingly prevalent in Canada and can inflict significant financial damage on companies and organizations victimized by these attacks.

In many cases, the fraudster can quickly remove the stolen money from the Canadian banking system, or otherwise transfer the funds in a way that makes tracing and recovery nearly impossible. However, in some cases, if the victim acts quickly, decisively and with the right legal advice, the stolen money can be identified, traced and recovered through remedies available under federal banking legislation and the Court.

This bulletin provides a broad overview of the steps and remedies involved to recover money stolen through a BEC scam.