ARCHIVED - Financial Transactions and Reports Analysis Centre of Canada - Report

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Section II - Analysis of Program Activity by Strategic Outcome

Program Activity by Strategic Outcome

Strategic Outcome

FINTRAC's detection and deterrence of money laundering and terrorist financing contributes to the public safety of Canadians and helps protect the integrity of Canada's financial system.

The following section describes FINTRAC's program activities and identifies the expected result, performance indicators and targets for each of them. This section also contains a discussion of plans surrounding FINTRAC's program activities, explains how FINTRAC plans on meeting the expected results and presents the financial and non-financial resources that will be dedicated to each program activity. FINTRAC's program activities are:

• Detection and deterrence of money laundering and terrorist financing; and
• Internal services.

In order to measure FINTRAC's success against the Strategic Outcome, the following performance indicators and associated targets are in place:

Performance Indicators	Targets
The number of case disclosures and strategic products that assist and/or are used in investigation and other actions by law enforcement, intelligence agencies and prosecutors.	Stable or an increasing number of case disclosures used in investigations or other actions.
Degree of involvement of reporting entities and other entities with obligations in the Anti-Money Laundering / Anti-Terrorist Activity Financing (AML/ATF) regime.	Increasing number of participants in FINTRAC's information sessions, the number of hits on the Web site, and the number of calls to the Call Centre.

In order to ensure that progress is made towards the achievement of the strategic objective, FINTRAC undertakes activities related to the collection of financial information and the production and dissemination of financial intelligence within the detection and deterrence of money laundering and terrorist financing program activity. In addition, the Centre undertakes activities to ensure compliance by reporting entities with their obligations under Part 1 of the PCMLTFA. Plans for 2011-12 include continuing to refine and improve the organization and its processes, as well as looking towards the future for opportunities to enhance the impact of FINTRAC's unique contribution.

Program Activity 1.1: Detection and Deterrence of Money Laundering and Terrorist Financing

Program Activity 1.1: Detection and Deterrence of Money Laundering and Terrorist Financing

Human Resources (FTEs) and Planned Spending ($ millions)
2011–12		2012–13		2013–14
FTEs	Planned Spending	FTEs	Planned Spending	FTEs	Planned Spending
312	47.9	307	49.4	307	49.0

Program Activity Expected Results	Performance Indicators	Targets
Law enforcement, intelligence agencies and prosecutors received timely and relevant tactical and strategic financial intelligence useful for further actions in investigations and other actions.	Satisfaction expressed by law enforcement and security agencies with the usefulness of case disclosures and strategic information products.	On feedback forms, recipients of information rate the information as useful and timely.
Reporting entities are in compliance with the PCMLTFA and related regulations.	Level of compliance by reporting entities with the PCMLTFA.	High level of compliance.

Program Activity Summary

FINTRAC's program activity - Detection and Deterrence of Money Laundering and Terrorist Financing encompasses all of the Centre's financial intelligence and compliance activities. These activities are complemented by research, policy and planning and international relationships functions. The effective and efficient production of financial intelligence to combat money laundering and terrorist financing is by necessity collaborative and requires extensive financial analysis, research work, ongoing discussions with partners and stakeholders, and negotiation of access to law enforcement databases and resources.

The Centre also collaborates extensively with its international counterparts, whether by obtaining intelligence or providing case disclosures, sharing best practices, or by taking a leadership role in the development of training sessions to share its expertise with developing FIUs. FINTRAC's continuing work with the Financial Action Task Force and its leadership role at the Egmont Group supports Canada's involvement in the global fight against money laundering and the financing of terrorist activities.

Planning Highlights

For the planning period, FINTRAC's activities will continue to be guided and shaped by the strategic priorities that lie at the heart of the Strategic Plan that was adopted by the Centre for the period 2009-12. The strategic priorities, outlined earlier in this RPP, set a course for FINTRAC to achieve its expected results of producing more and better financial intelligence that addresses the needs and priorities of its partners, and to refine and strengthen the Centre's risk-based compliance program that seeks to counter money laundering and terrorist financing by improving the compliance of Reporting Entities with their obligations under Part 1 of the PCMLTFA and related regulations.

In order to achieve the expected results, FINTRAC plans to undertake the following activities:

• Continue to ensure that partners receive relevant, timely and usable tactical and strategic financial intelligence products. FINTRAC will work with partners to prioritize their needs and develop products related to these priorities.
• Identify and communicate emerging money laundering and terrorist financing trends. FINTRAC will collaborate with partners and stakeholders to identify and develop relevant financial intelligence products and evaluate product effectiveness.
• Strengthen the Centre's compliance program by establishing a more robust risk assessment model and investing in people and technology.
• FINTRAC will seek new opportunities to strengthen relationships with key partners and strive for better integration with the security and intelligence community with a view to better align priorities and to be more effective in its contributions to partners. 
• On an international level, FINTRAC plans to continue to provide technical assistance to developing FIUs directly, by leveraging funds from DFAIT's Counter-Terrorism Capacity Building and Anti-Crime Capacity Building Programs, and through active involvement in the Egmont Group of Financial Intelligence Units. FINTRAC will also contribute to the work being done at the Financial Action Task Force (FATF) on the development and monitoring of international AML/ATF standards. FINTRAC also plans to expand and improve the effectiveness of its international partner network to obtain intelligence and provide case disclosures through agreements with foreign FIUs for information exchange.
• FINTRAC will continue to be innovative in its approach to operational processes by automating key business processes through technology driven solutions, identifying opportunities and inefficiencies and prioritizing and completing implementation plans.
• FINTRAC will actively participate in the upcoming Parliamentary review of the PCMLTFA.

Benefits for Canadians

FINTRAC is an essential component of the community of organizations and functions that combat organized crime and terrorism under Canada's AML/ATF regime. The Centre's role is to facilitate the detection and deterrence of money laundering and terrorist activity financing in Canada and abroad by analyzing reported transactions and other information and making case disclosures of financial intelligence to the appropriate law enforcement agency, security and intelligence agency, or foreign financial intelligence unit, when there are reasonable grounds for suspicion of relevance to the investigation or prosecution of money laundering or terrorist activity financing offences.

By ensuring the compliance of reporting entities with their obligations under the PCMLTFA, the Centre helps to create a formidable deterrent to those who would use legitimate financial channels to launder money or to finance terrorism. In Canada, banks and other entities with obligations under the PCMLTFA maintain internal compliance regimes that ensure that the trail of financial transactions can be followed, and that law enforcement agencies can effectively pursue cases of suspected money laundering and terrorist activity financing, thereby strengthening Canada's capacity to detect and deter money laundering and terrorist financing.

Money laundering and terrorist activity financing are transnational in nature, necessitating the participation of all countries for successful detection and deterrence. FINTRAC's work with international bodies such as the Egmont Group and the Financial Action Task Force contributes to the development of international AML/ATF policies and standards, the promotion of operational cooperation among financial intelligence units and the provision of technical assistance to developing FIUs. The operational links the Centre has forged with other FIUs throughout the world are a vital part of FINTRAC's contribution to the domestic and international fight against terrorism, money laundering and organized crime.

Program Activity 1.2: Internal Services

Program Activity 1.2: Internal Services

Human Resources (FTEs) and Planned Spending ($ millions)
2011–12		2012–13		2013–14
FTEs	Planned Spending	FTEs	Planned Spending	FTEs	Planned Spending
55	8.5	54	8.7	54	8.6

Program Activity Summary

Under the internal services program activity are services that support the function of the organization and act as enablers for the organization's other program activity. Internal Services are groups of related activities and resources that are administered to support the needs of programs and other corporate obligations of an organization. These groups are: Management and Oversight Services; Communications Services; Legal Services; Human Resources Management Services; Financial Management Services; Information Management Services; Information Technology Services¹; Real Property Services; Materiel Services; Acquisition Services; and Travel and Other Administrative Services. Internal Services include only those activities and resources that apply across an organization and not to those provided specifically to a program.

Planning Highlights

For the planning period, FINTRAC will undertake the following activities:

• Maintain and further develop the Centre's reputation as an “employer of choice” with a diverse and dynamic workforce.
• Maintain and strengthen FINTRAC's unique expertise and skill sets with the help of employee development programs and encourage and support career progression.
• Continue to align the Centre's internal controls with Government priorities in each area.
• Review and update corporate policies and practices in line with FINTRAC's business environment.
• Completion and implementation of FINTRAC's 15 month IM/IT operational plan; and
• Development of a 5 year investment plan, which fully supports FINTRAC business strategies and priorities.

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