The Federal Trade Commission announced March 15 that it has signed a memorandum of understanding with the Royal Canadian Mounted Police to strengthen enforcement cooperation on cross-border fraud matters. Among other things, the MoU will enable the two sides to expand their areas of cooperation as well as their ability to share information and conduct joint investigations. The U.S. and Canada already cooperate on such issues as telemarketing fraud and providing redress for victims of cross-border frauds.
The FTC notes that the MoU, which will be in place for five years, recognizes the long-standing partnership between the two agencies, which have worked together on joint cases, shared consumer complaints, and provided assistance with foreign asset recovery.
Copyright © 2021 Sandler, Travis & Rosenberg, P.A.; WorldTrade Interactive, Inc. All rights reserved.