ARCHIVED - Financial Transactions and Reports Analysis Centre of Canada

Warning This page has been archived.

Archived Content

Information identified as archived on the Web is for reference, research or recordkeeping purposes. It has not been altered or updated after the date of archiving. Web pages that are archived on the Web are not subject to the Government of Canada Web Standards. As per the Communications Policy of the Government of Canada, you can request alternate formats on the "Contact Us" page.

2010-11
Report on Plans and Priorities

Financial Transactions and Reports Analysis Centre of Canada

Supplementary Information (Tables)

Horizontal Initiatives

Over the next three years, FINTRAC will be involved in the following horizontal initiatives as a partner:

Canada's Anti-Money Laundering and Anti-Terrorist Financing (AML/ATF) regime (partner)
Public Security and Anti-Terrorist (PSAT) Initiative (partner)
National Anti-Drug Strategy (NADS) (partner)

Upcoming Internal Audits

There are currently no scheduled internal audits planned by FINTRAC. Instead of having an independent audit committee, FINTRAC accesses the Small Department and Agencies (SDA) Audit Committee established by the Office of the Comptroller General. FINTRAC will continue to participate in horizontal audits conducted by the Office of the Comptroller General Small Department and Agencies Audit Committee.

All Upcoming Evaluations Over the Next Three Fiscal Years

1. Name of Evaluation	2. Program Type	3. Status	4. Expected Completion Date
Summative evaluation of Canada's Anti-Money Laundering and Anti-Terrorist Financing Initiative	On-going Horizontal Initiative	In Progress	2010-11
Office of the Privacy Commissioner of Canada Audit	FINTRAC's Management of Information Holdings	Planned	2012-13

Non-Respendable Revenue

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.

Summary of Capital Spending by Program Activity

**($ Millions)**
Program Activity	Forecast Spending 2009-10	Planned Spending 2010-11	Planned Spending 2011-12	Planned Spending 2012-13
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