Financial Transactions and Reports Analysis Centre of Canada
FINTRAC is providing valuable assistance to law enforcement and national security investigations.
FINTRAC’s financial intelligence was recognized by the Alberta Securities Commission (ASC) in relation to an investigation where two individuals have each been charged with seven offences under the Criminal Code, including fraud over $5,000 and laundering the proceeds of crime.
Joint Serious Offences Team, (JSOT), JSOT criminally charges Yuvraj Verma and Rohit Sethi.
CALGARY – September 5, 2025 –The Alberta Securities Commission (ASC) and the RCMP Federal Policing Northwest Region’s Integrated Market Enforcement Team (IMET) announce that Yuvraj Verma, 42, and Rohit Sethi, 50, of Edmonton, Alberta, have each been charged with seven offences under the Criminal Code.
The accused told investors that 45 per cent of funds raised from investors would be held for future dividends and the remainder used for the project. In fact, no funds were retained for dividends, and investor money was allegedly diverted to other businesses controlled by the accused
FINTRAC is an independent federal government agency, operating at arm’s length from police, law enforcement and national security agencies. Its mandate is to receive, analyze, assess and, where appropriate, disclose information to assist in the detection, prevention and deterrence of money laundering, terrorist activity financing, sanctions evasion and threats to the security of Canada.
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