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Horizontal Initiatives


Name of Horizontal Initiative: Integrated Market Enforcement Teams (IMET) Program

Name of lead department(s): Public Safety Canada

Lead department program activity: Countering Crime

Start date of the Horizontal Initiative: 2003-04

End date of the Horizontal Initiative: Ongoing

Total federal funding allocation (start to end date): $344,299,000 from 2003-04 through 2013-14 and $40,000,000 ongoing*.

*All numbers includes the employee benefits plans and PWGSC accommodation

Description of the Horizontal Initiative (including funding agreement): The objective of the IMET program is to effectively enforce the law against serious criminal capital market fraud offences in Canada. To achieve this objective, IMET is mandated to investigate serious Criminal Code capital market fraud offences that are of regional or national significance and threaten investor confidence or economic stability in Canada.

Shared outcome(s): Improved Canadian and international investor confidence in the integrity of Canada’s capital markets

Governance structure(s): The IMET Executive Council is composed of senior officials from the Royal Canadian Mounted Police (co-chair), Department of Finance (co-chair), the Office of the Director of Public Prosecutions, Department of Justice and Public Safety Canada who provide strategic oversight for the IMET program.

Planning Highlights: IMET partners will continue to address the recommendations of the Le Pan Report.  IMET partners will also discuss the coordination of the enforcement work between the proposed Canadian Securities Regulatory Authority and the IMET program.

Federal Partner: Public Safety Canada
Federal Partner Program Activity (PA) Names of Programs for Federal Partners Total Allocation (FY 2003-04 to 2013-14) Planned Spending for
2011–12
Countering Crime IMET

FY 2003-04 to FY 2007-08:
$1,125,000
FY 2008-09 to FY 2013-14:
$2,043,948

(Ongoing: $340,658)
$340,658
Internal Services IMET

FY 2008-09 to 2013-14 : $658,792

(Ongoing: $68,132 per year)
$68,132
Total $3,827,740  $408,790 

Expected Results: Fulfillment of Public Safety Canada's IMET program management responsibilities, including coordinating reporting, evaluations, policy development and research.

Federal Partner: Royal Canadian Mounted Police
Federal Partner Program Activity (PA) Names of Programs for Federal Partners Total Allocation (FY 2003-04 to 2013-14) Planned Spending for
2011–12
Federal and International Operations IMET

FY 2003-04 to FY 2007-08:
$74,000,000

FY 2008-09 to FY 2013-14:
$185,552,827

$30,968,817 per year)
$30,968,817
Total $259,552,827  $30,968,817 

Expected Results: Fulfillment of the RCMP's IMET prevention and investigation responsibilities, including the operation of the securities intelligence units (SIUs), investigative teams, headquarters operational support, and program management.  IMET will strive to fulfill its mandate to the fullest extent possible based on funding received.

Federal Partner: Office of the Director of Public Prosecutions
Federal Partner Program Activity (PA) Names of Programs for Federal Partners Total Allocation (FY 2008-09 to FY 2013-14) Planned Spending for
2011–12
Regulatory offences and economic crime prosecution program IMET

FY 2008-09 to FY 2013-14: $35,120,022


(Ongoing: $5,853,337 per year)
$5,853,337
Total $35,120,022  $5,853,337 

Expected Results: Provision of pre-charged legal advice and litigation support, as well as prosecution of serious capital fraud offences under the Criminal Code in response to the workload generated by the IMETs.

*Prior to the establishment of the Office of the Director of Public Prosecutions (ODPP) in 2006, funding for this program activity was allocated to Justice Canada's Federal Prosecution Service. The amount shown does not include a transfer of $3.75M from Justice Canada to ODPP for FY 2007-08 following the creation of this organization.

Federal Partner: Department of Justice
Federal Partner Program Activity (PA) Names of Programs for Federal Partners Total Allocation (FY 2008-09 to FY 2013-14)* Planned Spending for
2011–12
1. Justice, Policies, Laws and Programs IMET

FY 2008-09 to FY 2013-14:
$13,180,936

(Ongoing: $2,405,156 per year)
$2,405,156
2. Services to Government IMET

FY 2008-09 to FY 2013-14: $1,012,932

(Ongoing: $168,822 per year )
$168,822
3. Internal Services IMET

FY 2008-09 to FY 2013-14:
$136,110

(Ongoing: $22,685 per year)

$22,685
Total

Total

(Ongoing:  $2,596,663 per year) 
 
$14,329,978 $2,596,663

*The Department of Justice received a total funding of $26.7M for FY 2003-04 to
2007-08 and this amount takes into account a transfer of $3.75M to ODPP for the FY 2007-2008 following the creation of this organization.

Expected Results: 1. Provincial Attorney General of IMET participating provinces are aware of and able to access the IMET Reserve Fund. 

Performance Indicators: number of applications and/or inquiries about the IMET Reserve Fund received; and number of agreements signed and types of eligible expenditures funded.

Targets: All Provincial Attorneys General of IMET participating provinces are aware of the IMET Reserve Fund and the application procedure.

2. The International Assistance Group (IAG) provides legal advice on international assistance requests and coordinates all IMET requests to and from foreign countries. Once a request for mutual legal assistance has been executed, it is the responsibility of the RCMP, not the IAG, to monitor the outcome of the relevant investigation or prosecution for which the evidence was gathered.

3. Program support

Federal Partner: Finance Canada
Federal Partner Program Activity (PA) Names of Programs for Federal Partners Total Allocation (from Start to End Date) Planned Spending for
2011–12
Economic and Fiscal Policy Framework IMET

FY 2008-09 to FY 2013-14:
$1,044,433

(Ongoing: $172,393)
$172,393
Total $1,044,433  $172,393 

Expected Results:

  • As Co-Chair of the IMET Executive Council and the Interdepartmental Working Group, Finance Canada is to provide strategic direction to the IMET program that reflects the Government of Canada's broader capital markets agenda.
  • Finance Canada is to provide leadership in engaging external stakeholders in efforts to enhance program performance, including opportunities to strengthen the continuum of enforcement.

Total Allocation For All Federal Partners (from Start to End Date) Total Planned Spending for All Federal Partners for 2011–12
$344,299,000 $40,000,000

Contact information:

Barry MacKillop
Director General
Law Enforcement and Border Strategies
Public Safety Canada
(613) 991-4281