ARCHIVED - Financial Transactions and Reports Analysis Centre of Canada - Supplementary Tables
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2010-11
Departmental Performance Report
Financial Transactions and Reports Analysis Centre of Canada
Supplementary Information (Tables)
Table of Contents
- Sources of Respendable and Non-respendable Revenue
- Horizontal Initiatives
- Response to Parliamentary Committees and External Audits
- Internal Audits and Evaluations
Sources of Respendable and Non-Respendable Revenue
| Program Activity | Actual 2008-09 |
Actual 2009-10 |
2010-11 | |
|---|---|---|---|---|
| Planned Revenue |
Actual | |||
| Detection and deterrence of money laundering and terrorist financing | ||||
| Administrative Monetary Penalties (AMPs) | - | 178 | - | 86 |
| Total Non-Respendable Revenue | - | 178 | - | 86 |
Since December 30, 2008, FINTRAC has had 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). Commencing in the 2009-10 fiscal year, the AMPs regime will be a source of non-respendable revenue for FINTRAC.
The purpose of the AMPs program is to encourage compliance with the PCMLTFA, rather than to punish non-compliance. It is an additional tool to criminal sanctions and represents a measured response to particular instances of reporting entity 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 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.
Horizontal Initiatives
FINTRAC is involved in the following horizontal initiatives as a partner:
- Anti-Money Laundering / Anti-Terrorist Financing Regime (AML/ATF)
- Public Security and Anti-Terrorism Initiative (PSAT)
- National Anti-Drug Strategy (NADS)
Supplementary information on horizontal initiatives can be found at http://www.tbs-sct.gc.ca/hidb-bdih/home-accueil-eng.aspx.
Response to Parliamentary Committees and External Audits
| Response to Parliamentary Committees |
|---|
| During the reporting period, the Centre did not table any responses to Parliamentary Committee reports. |
| Response to the Auditor General (including to the Commissioner of the Environment and Sustainable Development) |
| During the reporting period, the Centre did not table any responses to the Auditor General. |
| External Audits: (Note: These refer to other external audits conducted by the Public Service Commission of Canada or the Office of the Commissioner of Official Languages) |
| During the reporting period, the Centre did not participate in any External Audits. |
Internal Audits and Evaluations
Internal Audits
There were no internal audits conducted during 2010-2011.
Evaluations
| 1. Name of Evaluation and Link to Report | 2. Program Activity | 3. Status | 4. Completion Date |
|---|---|---|---|
| 10-Year Evaluation of Canada's Anti-Money Laundering and Anti-Terrorist Financing Regime | Detection and deterrence of money laundering and terrorist financing | Completed | December 7, 2010 |
The final evaluation report for the 10-Year Evaluation of Canada' Anti-Money Laundering and Anti-Terrorist Financing Regime can be found on the Department of Finance Web site at http://www.fin.gc.ca/treas/evaluations/amlatfr-rclcrpcfat-eng.asp.