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FINTRAC now 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. This program will be a source of non-respendable revenue. FINTRAC does not have estimates at this time for how much non-respendable revenue will be generated from the AMPS program.
Program Activity |
Forecast Spending |
Planned Spending |
Planned Spending |
Planned Spending |
---|---|---|---|---|
Detection and Deterrence of Money Laundering and Terrorist Financing |
5.1 |
3.5 |
3.4 |
3.4 |
Internal Services |
- |
- |
- |
- |
Total |
5.1 |
3.5 |
3.4 |
3.4 |