Who we are
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) is Canada’s financial intelligence unit (FIU). The Centre assists in the detection, prevention and deterrence of money laundering and the financing of terrorist activities. FINTRAC's financial intelligence and compliance functions are a unique contribution to the safety of Canadians and the protection of the integrity of Canada's financial system.
FINTRAC acts at arm's length and is independent from the police services, law enforcement agencies and other entities to which it is authorized to disclose financial intelligence. It reports to the Minister of Finance, who is in turn accountable to Parliament for the activities of the Centre.
Mandate and role
FINTRAC was established by, and operates within the ambit of, the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its Regulations. The Centre is one of several domestic partners in Canada’s anti-money laundering and anti-terrorist financing (AML/ATF) regime, which is led by the Department of Finance.
To be the leader in the exploitation of financial intelligence
FINTRAC fulfills its mandate by engaging in the following activities:
- Receiving financial transaction reports and voluntary information in accordance with the legislation and regulations;
- Safeguarding personal information under its control;
- Ensuring compliance of reporting entities with the legislation and regulations;
- Maintaining a registry of money services businesses in Canada;
- Producing financial intelligence relevant to investigations of money laundering, terrorist activity financing and threats to the security of Canada;
- Researching and analyzing data from a variety of information sources that shed light on trends and patterns in money laundering and terrorist activity financing; and
- Enhancing public awareness and understanding of money laundering and terrorist activity financing.
In addition, FINTRAC is part of the Egmont Group, an international network of financial intelligence units that collaborate and exchange information to combat money laundering and terrorist activity financing. FINTRAC also contributes to other multilateral fora such as the Financial Action Task Force (FATF), the Asia-Pacific Group on Money Laundering (APG) and the Caribbean Financial Action Task Force (CFATF), participating in international policy making and the provision of technical assistance to other FIUs.
FINTRAC is headquartered in Ottawa, with regional offices located in Montréal, Toronto, and Vancouver.
Maximize the potential of our people
We will recruit and manage our talent strategically to ensure that our people have the expertise, skills, agility and attitude to position the Centre for success in a rapidly changing world.
Strengthen and expand our partnerships
We will foster strategic partnerships that will allow us to maximize the value and contribution of our financial intelligence.
We will enhance our relationships with policy-makers to deepen their understanding of financial intelligence and its contribution to the safety and security of Canada and its financial system.
We will also take a leadership role internationally to improve information sharing and strengthen relationships between financial intelligence units.
Leverage our expertise to anticipate and address future challenges
We will fully utilize the PCMLTFA in order to maximize our contribution to detecting, deterring and preventing money laundering and terrorist activity financing.
We will also align our business model for continuous improvement and modernize our business processes and systems to allow for the full use of the Centre’s data and knowledge.
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