Canadian securities regulators have dismantled more than7,500 fraudulent investment and cryptocurrency websites as part of acoordinated national campaign to combat online financial crime. The Canadian Securities Administrators (CSA) said theenforcement action took place between June 5, 2025, and February 12, 2026,involving 7,586 deactivated scam platforms tied to more than 13,000 URLs.Coordinated Effort Against Online FraudThe operation, announced during Fraud Prevention Month,reflects an expanded push to disrupt fraudulent activity targeting Canadianinvestors.Last year, Canada's national police closed unregistered platform TradeOgre and recovered more than CAD 56 million in digital assets, in what it was described as the largest crypto seizure in Canadian history. The Eastern Region’s Money Laundering Investigative Team began investigating the exchange in June 2024 after a Europol tip and later found that TradeOgre was not registered with FINTRAC and did not verify client identities.“Online investment scams continue to pose a serious risk toCanadians, and we are using a full range of regulatory and enforcement tools,including advanced technological capabilities, to proactively identify anddisrupt fraudulent websites,” said Stan Magidson, Chair of the CSA and CEO ofthe Alberta Securities Commission.You may also like: Australia’s Fraud-Intel Network Exposes $60M in Scams as Account Takeovers Rise 47%The CSA said its members have strengthened cooperation withlaw enforcement and industry partners to identify scams faster and preventinvestor losses. The regulator urged the public to check the registration ofinvestment advisors and platforms using the CSA’s National Registration Searchtool before investing.Ongoing Investor ProtectionStatistics on deactivated websites will be included in theCSA’s Year in Review report starting in 2026. Investors who suspect fraud areencouraged to contact their local securities regulator.Miles away from individual enforcement actions, Singapore is the worst hit by cyber‑enabled fraud, with scam cases jumping 61% over twoyears, according to recent findings by the Financial Action Task Force. Theglobal watchdog now treats cyber‑enabled fraud as one of the mostwidespread profit‑driven crimes worldwide and a core driver of moneylaundering, terrorist financing and proliferation financing risks, as rapiddigitalization, new payment rails and virtual assets enable criminals to moveillicit funds across borders at scale.FATF notes that 156 jurisdictions, or roughly 90% of thoseit assessed, now classify fraud as a major money laundering threat. Nationaldata underscores how quickly the threat has escalated: alongside Singapore’sspike, fraud now accounts for more than 40% of all recorded crime in the UnitedKingdom, highlighting how online scams have shifted from isolated cases to asystemic challenge for law enforcement and financial regulators.This article was written by Jared Kirui at www.financemagnates.com.