Ascent Federal Credit Union Member Notice
The National Credit Union Administration (NCUA) has posted a member notice from Ascent Federal Credit Union. This notice was posted on March 16, 2026, and is available for public review and comment via Regs.gov.
NCUA Proposed Merger of Ascent and Goldenwest Credit Unions
The National Credit Union Administration (NCUA) is seeking public comment on the proposed merger of Ascent Credit Union and Goldenwest Credit Union. This consultation period allows stakeholders to provide input on the potential consolidation of these financial institutions.
SFC Enforcement News Website Update
The Securities and Futures Commission (SFC) of Hong Kong has updated its website by adding new enforcement news publications. These updates provide access to recent enforcement actions and related information.
Project Glacier Dismantles Criminal Organization, Six Charged
ALERT's Project Glacier investigation concluded with six individuals charged for drug trafficking and organized crime offences in Grande Prairie. Over $283,000 in drugs and cash were seized, including firearms.
Director Sentenced for Tax Evasion and Fined $128,101
The Canada Revenue Agency announced that Henry Grant Wetelainen, a director of a Thunder Bay mining company, was sentenced to a conditional sentence and fined $128,101 for tax evasion. The investigation revealed significant undeclared income and unremitted GST/HST.
Drug Trafficking Operation Report
The Sûreté du Québec, in collaboration with multiple police forces, reported on a large-scale drug trafficking operation targeting a network linked to the Hells Angels. The operation resulted in significant seizures of drugs, currency, and weapons, with nearly 220 officers mobilized.
Money Laundering Operation - Arrests and Seizures
Calgary police arrested four individuals in connection with a $9 million money laundering operation involving anabolic steroids. The investigation, which began in 2020, uncovered an illegal manufacturing lab and significant seizures of drugs, currency, and jewelry.
Canada Revenue Agency - Bookkeeper Convicted for GST/HST Evasion
The Canada Revenue Agency announced that Aeddy Leung, a bookkeeper from Surrey, British Columbia, received a conditional sentence order and probation for willfully evading nearly $1 million in GST/HST. Leung pleaded guilty to filing false returns and failing to file returns for hotels he managed.
OSC charges Rumble, Dziedzic, Foss with fraud over $11 million
The Ontario Securities Commission (OSC) has charged Ryan Rumble, Michael Dziedzic, and Justin Foss with fraud over $5,000 and other offenses. The charges relate to Banknote Capital Inc., where the individuals allegedly defrauded investors of over $11 million between November 2020 and August 2023.
HKMA Scam Alert Related to Banks
The Hong Kong Monetary Authority (HKMA) has issued a scam alert regarding fraudulent websites and phishing attempts targeting bank customers. The alert specifically mentions OCBC Bank (Hong Kong) Limited and advises the public on how to protect themselves and report suspicious activity.
CFTC Names Jessica Harris as Director of Data and Chief Data Officer
The Commodity Futures Trading Commission (CFTC) announced the appointment of Jessica Harris as Director of the Division of Data and Chief Data Officer. This appointment aims to enhance the CFTC's data strategy amidst evolving derivatives markets.
AUSTRAC Website Updates for AML/CTF Reforms
AUSTRAC is updating its website starting March 30, 2026, to improve navigation and support for the implementation of AML/CTF reforms. These changes aim to make information easier to find for existing reporting entities and new tranche 2 entities.