×

OPP warns of fraudulent bank investigator scams

By 98.9 myFM News/Oldies 99.7 staff Jan 31, 2025 | 8:41 AM
The Ontario Provincial Police (OPP) is warning the public about a growing scam where fraudsters use the OPP’s non-emergency telephone number to deceive victims into believing they are assisting in a bank investigation. Victims are misled into thinking they must help catch a dishonest bank employee or resolve suspicious transactions by sharing personal information or transferring funds.

The Royal Canadian Mounted Police (RCMP) and the Canadian Anti-Fraud Centre (CAFC) have also issued warnings about similar phishing scams, where fraudsters pose as RCMP officers to gain victims’ trust.

How the Scam Works

Scammers often impersonate financial institutions, claiming an unauthorized transaction has occurred on the victim’s account or that their banking information has been compromised. They create a sense of urgency, pressuring individuals to provide personal details, transfer money, or participate in a fake investigation.

To make the scam seem legitimate, fraudsters may:

  • Spoof phone numbers and emails, making them appear to come from official sources.
  • Send emails with fake logos and fraudulent contact information, mimicking real businesses or government agencies.

How to Protect Yourself

Authorities emphasize the importance of verifying any suspicious calls before taking action. Here are key steps to stay safe:

  • Do not trust caller ID—scammers can spoof real numbers.
  • Hang up and contact your bank directly using a trusted number, such as the one on the back of your debit or credit card.
  • Avoid clicking on links in unsolicited emails or text messages.
  • Never share authentication codes or personal banking details over the phone.
  • Do not allow remote access to your computer under any circumstances.

Legitimate financial institutions and law enforcement agencies will never:

  • Ask you to transfer funds for “security reasons.”
  • Request your bank card or visit your home to collect it.

Important Reminders from the OPP

  • The OPP’s non-emergency number is for incoming calls only—officers will not call you from this number.
  • The OPP will never contact the public to demand cryptocurrency or money in connection with money laundering or criminal investigations.
  • The OPP’s toll-free number (1-888-310-1122) is available 24/7 for non-emergency police assistance in Ontario.
  • This number also serves as a TTY (teletypewriter) service for the hearing impaired and is accessible 24/7 for both emergency and non-emergency calls.

Reporting Fraud

If you suspect fraud, report it to:

  • Your local police
  • OPP at 1-888-310-1122
  • Crime Stoppers anonymously at 1-800-222-TIPS (8477) or ontariocrimestoppers.ca
  • The Canadian Anti-Fraud Centre via its online reporting system or by calling 1-888-495-8501

For more fraud prevention resources, visit: antifraudcentre-centreantifraude.ca.

Authorities urge the public to remain vigilant and educate family members—especially seniors—about these scams to prevent financial losses.