Who we are
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), Canada's financial intelligence unit, was created in 2000. It is an independent agency, reporting to the Minister of Finance, who is accountable to Parliament for the activities of the Centre. It was established and operates within the ambit of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its Regulations.
FINTRAC is a member of the Egmont Group of Financial Intelligence Units (FIUs) whose purpose is to enhance cooperation and information exchange in support of member countries' anti-money laundering and terrorist financing regimes. The Egmont Group has released a short animated video to advance awareness and understanding of money laundering and terrorist activity financing.
FINTRAC facilitates the detection, prevention and deterrence of money laundering and the financing of terrorist activities, while ensuring the protection of personal information under its control. The Centre fulfills this mandate by:
- Receiving financial transaction reports and voluntary information on money laundering and terrorist activity financing in accordance with the legislation and regulations.
- Safeguarding personal information under its control.
- Ensuring the compliance of reporting entities with the legislation and regulations.
- Producing financial intelligence relevant to investigations of money laundering, terrorist activity financing and threats to the security of Canada.
- Researching and analyzing data from a variety of information sources that shed light on trends and patterns in money laundering and terrorism financing.
- Maintaining a registry of money services businesses in Canada.
- Enhancing public awareness and understanding of money laundering and terrorist activity financing.
Strategic Goals 2016-17–2018-19
Maximize the potential of our people
We will recruit and manage our talent strategically to ensure that our people have the expertise, skills, agility and attitude to position the Centre for success in a rapidly changing world.
Strengthen and expand our partnerships
We will foster strategic partnerships that will allow us to maximize the value and contribution of our financial intelligence. We will enhance our relationships with policy leaders to deepen their understanding of financial intelligence and its contribution to the safety and security of Canada and its financial system.
We will also take a leadership role internationally to improve information sharing and strengthen relationships between financial intelligence units.
Leverage our expertise to anticipate and address future challenges
We will challenge the lens through which we currently view the PCMLTFA in order to maximize our contribution to detecting, deterring and preventing money laundering and terrorist activity financing.
Through the alignment of our business model, we will challenge the status quo and modernize our business processes and systems.
To contribute to the public safety of Canadians and help protect the integrity of Canada's financial system through the detection and deterrence of money laundering and terrorist financing.
To be the leader in the exploitation of financial intelligence
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