Sources of Respendable and Non-Respendable Revenue


Non-Respendable Revenue
Program ($ millions)
Forecast
Revenue
2012–13
Planned
Revenue
2013–14
Planned
Revenue
2014–15
Planned
Revenue
2015–16
Compliance Program
Administrative Monetary Penalties (AMPs) 0.4 N/A N/A N/A
Total Non-respendable Revenue 0.4 N/A N/A N/A

FINTRAC has the legislative authority to issue Administrative Monetary Penalties (AMPs) to reporting entities that are in non-compliance with Canada's Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA). This program is a source of non-refundable revenue.

The purpose of the AMPs program is to encourage compliance with the PCMLTFA, rather than to punish non-compliance. As such, FINTRAC does not plan on issuing a specific number or value of AMPs per year and is unable to forecast the level of future non-respendable revenue derived from the issuance of AMPs.

Further information on penalties that may result from non-compliance with Part 1 of the PCMLTFA including AMPs may be found at http://www.fintrac-canafe.gc.ca/pen/1-eng.asp.

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