Ontario police force welcomes financial experts to help battle extortion crimes
Peel Region police are gaining support from financial crime experts to combat an increase in extortion and threats against individuals and businesses.
In Peel Region, Ontario, the rise in extortion and threats has become alarming. Last year, there were 476 reported cases of such incidents that specifically targeted businesses. However, Peel Police Deputy Chief Nick Milinovich has emphasized that these figures likely underestimate the true extent, as many victims do not report the threats, with some succumbing to extortion. The issue is compounded by delayed reporting, where victims often only come to police after enduring violence or significant distress.
To address these growing concerns, the federal government has announced initiatives to bolster the Peel Regional Police's capabilities in tackling fraud and extortion crimes. Finance Minister François-Philippe Champagne revealed a plan to embed financial crime experts directly within the police force, which aims to enhance their ability to trace financial transactions linked to criminal activity. This analytical support is expected to provide law enforcement with the tools necessary to 'follow the money' and disrupt established criminal networks effectively.
This move represents an essential collaboration between federal authorities and local police, acknowledging that combating financial crime requires specialized expertise. With the ongoing issues of extortion in the region, the integration of such experts is a critical step toward equipping law enforcement with the resources needed to ensure public safety and deter criminals who prey on vulnerable businesses and individuals in Peel Region.