OTTAWA — Canada’s financial intelligence agency will report Thursday that extortion is soaring, with a growing number of those crimes committed against Canadians of Indian or south Asian descent by criminal organizations with direct ties to that region.
In a new report obtained by National Post, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) said extortion cases have increased more than sixfold over the first four months of 2026. The agency’s report said it has already logged more extortion cases so far this year than the previous two years combined, part of a dramatic increase in financial crimes in Canada over the last few years.
