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OSB Special Investigation Units

The Office of the Superintendent of Bankruptcy’s special investigation units conduct investigations into criminal offences under the Bankruptcy and Insolvency Act (BIA) and the Criminal Code when they are committed in the context of bankruptcies and insolvencies.

There are three Special investigation units – one in each of Montréal, Toronto and Vancouver. The special investigation units work in close collaboration with the Royal Canadian Mounted Police (RCMP) to investigate alleged criminal activities and to enforce provisions of the BIA and the Criminal Code.

In 2010, the OSB and the RCMP renewed the memorandum of understanding respecting their cooperation in bankruptcy investigations. These investigations are aimed at maintaining the integrity of the Canadian insolvency system.

Statistics on investigations conducted across the country in 2015-2016

Between and , 66 new investigation orders were sent to the OSB Special Investigation Units. Legal proceedings were commenced in 34 bankruptcy files, with liabilities totaling approximately $17 million, several of which resulted from investigation orders issued prior to the period in question. Specifically, 134 charges were laid under the BIA and 131 charges under the Criminal Code.

A variety of sentences have been imposed on bankrupts found guilty of offences, for example:

  • prison;
  • conditional sentence orders which can include (but are not limited to) house arrest, community service hours, probation, curfews, electronic monitoring; and
  • restitution orders.
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