Sources of Respendable and Non-Respendable Revenue
| Program Activity | ($ millions) | |||
|---|---|---|---|---|
| Forecast Revenue 2011-12 |
Planned Revenue 2012-13 |
Planned Revenue 2013-14 |
Planned Revenue 2014-15 |
|
| Compliance Program | ||||
| Administrative Monetary Penalties (AMPs) | N/A 1 | N/A | N/A | N/A |
| Subtotal | N/A 1 | N/A | N/A | N/A |
| Detection and Deterrence of Money Laundering and Terrorist Financing 2 | ||||
| Administrative Monetary Penalties (AMPs) | 0.1 | N/A 2 | N/A 2 | N/A 2 |
| Total Non-respendable Revenue | 0.1 | N/A | N/A | N/A |
FINTRAC 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 (PCMLTFA). This program is a source of non-refundable revenue.
The purpose of the AMPs program is to encourage compliance with the PCMLTFA, rather than to punish 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 future 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.
1 FINTRAC's Strategic Outcome and Program Activity Architecture elements were amended for display in the 2012-13 and future year Estimates and Public Accounts.
2 This 2011-12 Program Activity element has been removed from display in the 2012-13 and future year Estimates and Public Accounts.
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