Midweek Roundup: Canadian Banks Block Government Payment to Sham Facemask Vendor, US Prosecutors Probe COVID-19 Loan Fraud, and More

Two Canadian lenders froze nearly $32 million that local officials in Quebec were duped into sending as payment for non-existent facemasks to an individual who communicated from an email address associated with a construction company, La Presse reported. More Canadian authorities have delayed implementing planned anti-money laundering reforms amid the COVID-19 pandemic, the Vancouver Sun reported. More U.S. prosecutors are investigating attempts by firms to fraudulently obtain government-subsidized loans amid the pandemic, and any role banks may have played in approving them, The Wall Street Journal reported. More Community banks accepted almost 20 percent of all Paycheck Protection Program applications...