ARCHIVED - Financial Transactions and Reports Analysis Centre of Canada

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SECTION II - ANALYSIS OF PROGRAM ACTIVITIES BY STRATEGIC OUTCOME

Strategic Outcome

Financial intelligence that contributes to the detection and deterrence of money laundering and terrorist activity financing in Canada and abroad.

Program Activity Name: Collection, Analysis and Dissemination of Financial Information.
Human Resources (FTEs) and Planned Spending (in millions)
2009-2010		2010-2011		2011-2012
FTEs	Planned Spending	FTEs	Planned Spending	FTEs	Planned Spending
266	42.7	268	41.2	268	27.0
Expected Result: Law enforcement, intelligence agencies and prosecutors received timely and relevant tactical and strategic financial intelligence useful for further actions in investigations and other actions.
Performance Indicator:			Target:
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.
Expected Result: Reporting entities are in compliance with the PCMLTFA and related regulations.
Performance Indicator:			Target:
Level of compliance by reporting entities with PCMLTFA as measured by: Weighted average of non-compliance deficiencies; Overall number of examinations completed; Increase in reporting levels; Number of non-compliance disclosures; Number of registered money services businesses (MSBs); Percentage of completed Compliance Questionnaires (CQs); Administrative monetary penalties (AMPs) imposed in cases of non‑compliance (baseline 2009-2010).			High level of compliance (baseline to be established)

Planning Highlights: Collection, Analysis and Dissemination of Financial Information.

This program activity encompasses FINTRAC's financial intelligence and compliance activities. These activities are complemented by research and government relationships activities, both domestic and international. The effective and efficient production of financial intelligence, both tactical (case disclosures) or strategic (trends and typologies) necessitate research work, ongoing discussions with partners and stakeholders, negotiation of access to public and government databases and resources, communications with other FIUs, etc.

The Centre also collaborates extensively with its international counterparts, whether by sharing information or 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 Egmont Group and the Financial Action Task Force supports Canada's involvement in the global fight against money laundering and the financing of terrorist activities.

Expected Result: Law enforcement, intelligence agencies and prosecutors receive timely and relevant tactical and strategic financial intelligence useful for further actions in investigations and other actions.

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

• Ensure that FINTRAC's key partners' intelligence requirements are identified and prioritized, and that tactical and strategic financial intelligence products respond to these requirements.
• Increase the identification, communication and exploitation of emerging trends and patterns in financial intelligence.
• Continue efforts to solicit feedback and evaluate effectiveness of financial intelligence products.
• Develop FINTRAC's capacity to identify and communicate emerging money laundering and terrorist financing trends.
• Maximize the use and interpretation of the current legislation.
• Increase FINTRAC's ability to influence policy and legislative directions of the AML/ATF Regime.

Expected Result: Reporting entities are in compliance with the PCMLTFA and related regulations.

• Promote a more effective regulatory framework to facilitate and improve quality and quantity of reporting of financial information
• Improve FINTRAC's risk assessment model.
• Improve report data quality.
• Strengthen FINTRAC's ability to enforce and ensure compliance with the PCMLTFA through the implementation of the new legislative obligations.
• Implement processes to enhance the centre's efficiency and effectiveness.
• Automate key business processes through technology-driven solutions.
• Create an environment of open communications within the organization.
• Strengthen the relationships with key partners to foster the alignment of priorities and efforts to increase overall effectiveness.
• Strive for better integration with the intelligence community to become a key contributor to national security enforcement efforts.
• Ensure that partners, stakeholders and the public understand and support FINTRAC's work and mission.

Program Activity Name: Internal Services
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 Services5 ; 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.
Human Resources (FTEs) and Planned Spending ($ millions)
2009-2010		2010-2011		2011-2012
FTEs	Planned Spending	FTEs	Planned Spending	FTEs	Planned Spending
47	7.5	47	7.3	47	4.7

Planning Highlights: Internal Services

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

• Maintain and develop a 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.
• Align the Centre's internal controls with Government priorities in each area.
• Review and update corporate policies and practices in light of FINTRAC's business strategies.
• Ensure the most efficient alignment of resources with business priorities and strategic directions.
• Rationalization of accommodations
• Completion of an IM/IT strategic plan that is aligned with and fully supports FINTRAC business strategies and priorities.
• Alignment and use of Government of Canada Public Works' IM/IT shared services including Secure Channel Network (SC Net), Internet Access, Internal Credential Management Services (ICMS), Open Text (RDIMS & BPM).
• Support for the evolution of Government of Canada shared services through participation at the Treasury Board's Chief Information Officer Committee (CIOC), Heads of IT, and service management advisory boards.

Benefits for Canadians

FINTRAC is an essential component of the community of organizations and functions that combat organized crime and terrorism under Canada's anti-money laundering and anti-terrorist financing (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 financial institutions and other 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 financial services businesses 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 their successful detection and deterrence. FINTRAC’s work with international bodies such as the Financial Action Task Force and the Egmont Group contributes to the development of international AML/ATF policies and standards and the promotion of operational cooperation among financial intelligence units. 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.

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